New Chief Financial Executive Officer of Petrobras Distribuidora (BR)


Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Petrobras informs
that the Board of Directors of its wholly-owned subsidiary, Petrobras
Distribuidora S.A. (BR), approved, in a meeting held on August 25, 2017 the
election of Mr. Rafael Salvador Grisolia for the position of Chief Financial
Executive Officer, with a term of office until July 2019.

Rafael Salvador Grisolia is a Production Engineer, holding an MBA from
Coppead/UFRJ.  His extensive career experience includes working in the finance
department of Esso - affiliated company of ExxonMobil Corp., and Cosan
Combustíveis e Lubrificantes S.A., having held the position of Chief Financial
Officer (CFO) of Grupo Trigo S.A. and CFO and Investor Relations Officer (IRO)
of Cremer S.A.. Mr. Rafael Salvador Grisolia also held the position of CFO and
IRO at Inbrands S.A., resigning to assume the position at BR.

The nomination was subject to previous analyses by the Petrobras Board of
Directors’ Committee on Nominating, Compensation and Succession.



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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 release includes 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 subject to risks and uncertainties.
The forward-looking statements, which address the Company’s expected business
and financial performance, among other matters, contain words such as “believe,”
“expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,”
“will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made. There is no
assurance that the expected events, trends or results will actually occur. We
undertake 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, 2016, and
the Company’s other filings with the U.S. Securities and Exchange Commission.