Petrobras informs on shareholder remuneration

Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends in the amount of R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share in circulation, as an anticipation of the remuneration to shareholders related to the fiscal year 2024, declared based on the balance sheet of September 30, 2024.

The proposed payment is aligned with the current Shareholder Remuneration Policy, which stipulates that, in the event of gross debt equal to or less than the maximum debt level defined in the current Strategic Plan (currently US$ 65 billion), Petrobras shall distribute 45% of its free cash flow to its shareholders. This distribution is consistent with the financial sustainability of the company. It is also worth mentioning that, throughout the third quarter, there was no share buyback.

The dividends will be paid in two installments in February and March 2025, as follows:

Amount to be paid: R$ 1.32820661 per common and preferred share in circulation, as follows:

(i) the first installment, in the amount of R$ 0.66410331 per common and preferred share in circulation, will be paid on February 20, 2025.

(ii) the second installment, in the amount of R$ 0.66410330 per common and preferred share in circulation, will be paid on March 20, 2025.

Record date: December 23, 2024, for holders of Petrobras shares traded on B3, and record date on December 27, 2024, for holders of ADRs traded on the New York Stock Exchange (NYSE). Petrobras shares will be traded ex-rights on B3 starting December 26, 2024.

Payment date: for holders of Petrobras shares traded on B3, the payment of the first installment will be on February 20, 2025, and the payment of the second installment will be on March 20, 2025. Holders of ADRs will receive the payments as of February 27, 2025, and as of March 27, 2025, respectively.

Form of distribution: the definition of the form of distribution (whether in the form of dividends and/or interest on equity) will occur on December 12, 2024, and will be timely communicated to the market.

It's important to notice that the values of each installment will be updated by the variation of the Selic rate from December 31, 2024, until the date of each payment; and in case of payment in the form of interest on equity (JCP), income tax will apply, according to current legislation. Finally, these dividends amount will be deducted from the remuneration to shareholders to be approved at the 2025 Annual General Meeting related to the fiscal year 2024.

The Shareholder Remuneration Policy can be accessed on the IR company's website (http://www.petrobras.com.br/ri).