Petrobras obtains Certification in the Corporate Governance Program for
State-Owned Companies

Rio de Janeiro, August 8, 2017 – Petróleo Brasileiro S.A. – Pursuant to the
material fact disclosed on June 5th, 2017, Petrobras informs that it has
received the certification in the Corporate Governance Program for State-Owned
Companies, granted by B3 (former BM&FBovespa).

Petrobras has complied with all the compulsory measures of the Program and
obtained 56 points among others required measures. In addition to that, the
company commits to meet the following in the coming years:

(i)	Disclose, in the Reference Form (Formulário de Referência) and in the
Summarized Report of the Audit Committee relative to the fiscal year ending on
12/31/2017, the adequacy of the structure and budget of the Internal Controls
and Compliance area;

(ii)	Fully adopt all measures indicated in the Program until 08/07/2020;

(iii)	Re-submit the Reference Form, including the referred activities, in case
it identifies during the revision process of all its ongoing activities, new
activities related to compliance with public interest, as well as update the
Annual Letter of Corporate Governance and Public Policies;

(iv)	In the case of amendments to Law 13.303/16 regarding prohibitions on the
participation of members of the Board of Directors and the Executive Office in
the Program, the Company shall amend its Nomination Policy to reflect the
dispositions in the Program.

In addition, the opinion and the report issued by the Executive Office of
Regulation of Issuers (Diretoria de Regulação de Emissores) of B3, as Official
Letter DRE 481/2017 indicating the favorable decision and the score obtained, is
available on the company’s website (http://www.petrobras.com.br/ri).
The certification is another important step in Petrobras’ commitment to the
continuous improvement of its corporate governance, as well as to its alignment
with the best practices of the market.

_____________________________________________________________________________
www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department | 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.