INVESTOR ALERT: Class Action Lawsuit Against Petróleo Brasileiro S.A. − Petrobras Announced By Glancy Binkow & Goldberg LLP

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising purchasers of the securities of Petróleo Brasileiro S.A. − Petrobras (“Petrobras” or the “Company”) (NYSE:PBR) between May 20, 2010 and November 21, 2014, inclusive (the “Class Period”).

Please contact Casey Sadler at (888) 773-9224 or (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 engaged in the exploration, development, production and sale of crude oil, natural gas liquids and natural gas in Brazil and internationally. The Complaint alleges that defendants 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 are a member of the Class described above, you may move the Court no later than February 6, 2015, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, 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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