Resolutions of the Extraordinary General Assembly held on 01/31/2017

Rio de Janeiro, January 31, 2017 - Petróleo Brasileiro S.A. - Petrobras informs
that the extraordinary general meeting, held today at 3:00 pm in the Auditorium
of the company's headquarters on Avenida Republic of Chile nº 65-1st floor, in
the city of Rio de Janeiro (RJ), approved, by a majority, sale of 100% (one
hundred percent) of the shares held by Petróleo Brasileiro S.A. - PETROBRAS, of
Liquigás Distribuidora S.A., to Companhia Ultragaz S.A., a wholly-owned
subsidiary of Ultrapar Participações S.A., for the amount of BRL
2,665,569,000.00 (two billion, six hundred and sixty-five million, five hundred
and sixty-nine thousand reais).

The Company clarifies that, in compliance with the injunction granted by the 2nd
Federal Court of Sergipe, in a public action, determining the suspension of the
sale of the shares of Companhia Petroquímica de Pernambuco ("PetroquímicaSuape")
and Companhia Integrada Têxtil de Pernambuco ("CITEPE "), item II that was
included in the notice of this Meeting (sale of 100% of the shares held by
Petrobras in PetroquímicaSuape and CITEPE) was withdrawn from the agenda and was
not considered in this Meeting.
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www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended that are not based on historical
facts and are not assurances of future results. No assurance can be given that
the transactions described herein will be consummated or as to the ultimate
terms of any such transactions. All forward-looking statements are expressly
qualified in their entirety by this cautionary statement, and you should not
place reliance on any forward-looking statement contained in this press release.
Petrobras undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information or future
events or for any other reason.

The Company’s actual results could differ materially from those expressed or
forecast in any forward-looking statements as a result of a variety of
assumptions and factors. These factors include, but are not limited to, the
following: (i) failure to comply with laws or regulations, including fraudulent
activity, corruption, and bribery; (ii) the outcome of ongoing corruption
investigations and any new facts or information that may arise in relation to
the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk
management policies and procedures, including operational risk; and (iv)
litigation, such as class actions or proceedings brought by governmental and
regulatory agencies.  A description of other factors can be found in the
Company’s Annual Report on Form 20-F for the year ended December 31, 2015, and
the Company’s other filings with the U.S. Securities and Exchange Commission.