INVESTOR ALERT: Investigation of Petróleo Brasileiro S.A. − Petrobras Announced by Glancy Binkow & Goldberg LLP

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Petróleo Brasileiro S.A. − Petrobras (“Petrobras” or the “Company”) (NYSE:PBR) concerning possible violations of federal securities laws. The investigation is focused on certain statements issued by Petrobras between May 20, 2010 and November 21, 2014, concerning the Company’s operations and financial performance.

Please contact Lesley Portnoy, at (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

Petrobras operates as an integrated oil and gas company in Brazil and internationally, engaged in the exploration, development, production and sale of crude oil, natural gas liquids and natural gas. The investigation is related to allegations that the Company misrepresented or failed to disclose a multi-billion dollar money-laundering and bribery scheme embedded in the Company since 2006, and that Petrobras inflated the value of the Company's construction contracts, which overstated its property, plant and equipment line item on its balance sheet.

As a result of disclosures concerning the arrests of members of its senior management, and the admission by the Company that it may have to adjust its historical financial statements to recognize the overpricing of construction contracts, Petrobras American Depositary Shares (ADS) declined 46%, from $19.38 per ADS on September 5, 2014, to $10.50 per ADS on November 24, 2014.

If you purchased Petrobras American Depositary Shares, if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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