Petrobras Announces First Installment of Interest on Equity

Petrobras announces to its shareholders that it will pay, on April 24 2009, the first installment of the interest on equity to those who held ordinary or preferred stock issued by Petrobras on the base date of December 26, 2008, as per the relevant fact announced to the market on December 19, 2008 and as approved during the general meeting held on April 08, 2008.

Income tax at the rate of 15% will incur on the amount of R$0.3800 of the interest on equity, while income tax at the rate of 22.5% will incur on the amount of R$0.0137, relative to the correction based on the Selic interest rate between 12/31/2008 and 04/24/2009. The above-mentioned income withholding tax is not applicable to tax immune or exempt shareholders.

Payment will be made by the Banco do Brasil S.A., the depository institution for the book-entry shares.

Shareholders who have accounts at the Banco do Brazil or other banks and have their records up to date, will have their dues credited automatically on the payment date.

Shareholders who don't have "Bank/Branch/Current Account" records will only have their values credited on the date such records are updated in the Banco do Brasil's electronic files, by means of its branches. For shares deposited in the Stock Exchange Fungible Custodies, payments will be credited to the respective exchanges which, by means of the depositing brokerage firms, will be in charge of forwarding the amounts to the shareholders.

Shareholders who have bearer stocks must appear at any Banco do Brasil branch, taking their Taxpayer's ID (CPF), ID card, proof of address, and the certificates with the respective coupons in order for them to be converted to the bookkeeping form for posterior receipt of the income. At that time, banking information may also be informed in order for the income to be deposited in checking accounts.

Shareholders who don’t have "Bank/Branch/Current Account" records will only have their values credited on the date such records are updated in the Banco do Brasil's electronic files, through its branches.

For shares deposited in the Stock Exchange Fungible Custodies, the payment will be credited to the respective exchanges which, by means of the depositing brokerage firms, will be in charge of forwarding the amounts to the shareholders.

Shareholders who have bearer stocks must appear at any Banco do Brasil branch, taking their Taxpayer's ID (CPF), ID card, proof of address, and the certificates with the respective coupons in order for them to be converted to the bookkeeping form for posterior receipt of the income. At that time, banking information may also be informed in order for the income to be deposited in checking accounts.
 

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