MEDIA RELEASE PR41444
Petrobras Prices Global Offering
RIO DE JANEIRO, Sept. 25 /PRNewswire-AsiaNet/ --
Petrobras (NYSE: PBR) announced today that it has priced its global offering of 2,293,907,960 common shares,
including common shares in the form of American Depositary Shares (ADSs) and 1,788,515,136 preferred shares,
including preferred shares in the form of ADSs (not including any exercise of the underwriters' over-allotment
option). The common shares are being offered to the public in Brazil at a price of R$29.65 per share, and the
preferred shares are being offered to the public in Brazil at a price of R$26.30 per share. Common shares in the
form of ADSs (common ADSs, each common ADS representing two common shares) are being offered to the
public internationally at a price of US$34.49 per common ADS, and preferred shares in the form of ADSs (preferred
ADSs, each preferred ADS representing two preferred shares) are being offered to the public internationally at a
price of US$30.59 per preferred ADS. The aggregate proceeds of the global offering to Petrobras, after
underwriting discounts and commissions (before expenses), will be equivalent to approximately US$67 billion. The
global offering consists of a registered offering in Brazil and an international offering, which includes a registered
offering in the United States. The global offering is scheduled to close on Wednesday, September 29, subject to
satisfaction of customary conditions. Further information about the offers is contained in the offering documents.
Existing shareholders of Petrobras were given the right to
subscribe for shares in the Brazilian offering on a priority basis.
The common ADSs and the preferred ADSs are listed on The New
York Stock Exchange under the symbols PBR and PBRA, respectively. The ADSs
offered in the global offering are expected to be delivered on Wednesday,
September 29, in time to settle trades completed on The New York Stock
Exchange on Friday, September 24.
The common shares and preferred shares are listed on the São
Paulo Stock Exchange under the symbols PETR3 and PETR4, respectively. The
shares offered in the global offering are expected to be delivered on
Wednesday, September 29, in time to settle trades completed on the Sao Paulo
Stock Exchange on Monday, September 27.
Petrobras has granted the international underwriters and the
Brazilian underwriters options for a period of up to 30 days beginning on
September 24, 2010, to purchase an aggregate of up to 187,997,094 additional
common and preferred shares, including shares in the form of ADSs, solely to
cover over-allotments, if any.
This communication does not constitute an offer to sell or the
solicitation of an offer to buy the securities described, nor shall there be
any sale of such securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction. Petrobras has an effective
registration statement on file with the SEC. Copies of the final prospectus
supplement for the international offering may be obtained, when available,
from Bank of America Merrill Lynch at 1-866-500-5408, Bradesco Securities,
Inc. at isabela@bradescosecurities.com, Citigroup Global Markets Inc. at
1-800-831-9146, Itau Securities collect at 1-212-710-6766, Morgan Stanley &
Co. Incorporated at 1-866-718-1649 or Santander Investment Securities at
1-212-350-3649, or by visiting EDGAR on the SEC Web site at
supplement and other documents that Petrobras has filed and will file with
the SEC for more complete information about Petrobras and the offering.
INFORMATION, PHOTOS, AUDIO AND VIDEO RECORDINGS AT
SOURCE Petrobras
CONTACT: Press Management/Corporate Communications, Telephone:
+55(21)3224-1306, +55(21)3224-2312, or Fax: +55(21)3224-3251,
imprensa@petrobras.com.br
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