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Negotiation of Interest Sale in Gasmig

Source: www.gulfoilandgas.com 7/16/2014, Location: South America

Petrobras announces that, in line with its Business and Management Plan which provides for divestment of assets abroad and in Brazil, is negotiating with Cemig - Companhia Energetica de Minas Gerais to sell its 40% interest in Gasmig.

Gasmig is the sole distributor of piped natural gas in the state of Minas Gerais and is responsible for the distribution of 4.1 million m≥/day of natural gas through a network of gas pipelines of around 850 km.

Petrobras will closely inform the market and its shareholders about the progress of this operation.

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