Change of Material Equity Interest

Source: www.gulfoilandgas.com 2/11/2022, Location: South America

Petro Rio S.A., in compliance with the provisions of article 12, paragraph 5 of CVM Instruction 358/02 (and its amendments by CVM Instruction 568/15) announces that it has received from Squadra Investimentos – Gestão de Recursos Ltda. and Squadra Investments – Gestão de Recursos Ltda. (“Investors”), correspondence informing the Company that they are holders of a total of 46,979,703 common shares issued by the Company, equivalent to 5.32% of PetroRio's share count. The referred holdings are composed of (i) 36,979,703 common shares issued by the Company; and (ii) 10,000,000 common shares referenced in physical settlement derivatives.

Investors state that, of the total informed above, 3,259,774 common shares were lent out, and the Investors do not aim to change the composition of the Company's control or its Management structure.


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