Petrobras clarifies that, as per the Material Fact announced on August 31, 2009 about the changes proposed to the regulatory framework for oil and natural gas exploration and production, and with regard to the Bill that deals specifically with the Transfer of rights with compensation and the capitalization:
The Company maintains the expectation that the approval of the capitalization Bill, which is under discussion in Congress, will be approved in the first half of 2010.
Finally, the Company clarifies one of its assumptions is that the capitalization will take place within this period to finance portion of the capex planned for 2010, amounting to R$ 88.5 billion, as detailed in the release issued on March 19 2010, without compromising the
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