Petrobras to Pay Interest on Capital

Petrobras announced that it will pay, on April 30, 2010, dividends and the forth installment of the interest on capital (IOC) to Ordinary Shareholders (ON) and Preferred Shareholders (PN), based on shareholder position at April 22, 2010. This is the last payment of the dividend distributions schedule approved on the Ordinary General Meeting held today and related to the 2009 results.

This interest on own capital, restated at the Brazilian Interest Rate – SELIC from the payment date to the end of 2009 fiscal year, will be offset against the remuneration (dividends plus interest on own capital) to be paid related to the 2009 fiscal earnings.

The total amount of IOC R$ 0,82 less the amount paid and restated at the Brazilian Interest Rate – SELIC of R$ 0.7028 resulted in the due amount of R$ 0,1172 which will be restated by the SELIC between December 31, 2009 and April 30, 2010.

This IOC (R$ 0.1172) will be subject to 15% withholding tax while the values of R$ 0.0034 and R$0.0031, corresponding to the variation in the SELIC rate between December 31, 2009 and April 30, 2010, will be subject to 22.5% withholding tax. The above-mentioned withholding tax is not applicable to tax immune or exempt shareholders.


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