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Petrobras tender offer announcement

24 Jan 2017

Rio De Janeiro, Brazil – January 24, 2017 – Petroleo Brasileiro S.A. – Petrobras ("Petrobras")
(NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. ("PGF")
has increased the tender cap in its previously announced cash tender offers (the "Tender
Offers") from

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