PBR » Topics » a) Benefit plan currently in effect (Petros Plan)

This excerpt taken from the PBR 6-K filed Aug 21, 2007.

a) Benefit plan currently in effect (Petros Plan)

Fundação Petrobras de Seguridade Social - Petros, set up by Petrobras, introduced the Petros Plan, a defined-benefit pension plan, in July of 1970 to ensure members a supplement to the benefits provided by Social Security.

In 2001, subsequent to a process of separating participant groups, the Petros Plan was transformed into several distinct defined benefit plans, which as of June 30, 2007, are represented by the following sponsor companies in the Petrobras Group: Petróleo Brasileiro S.A. - Petrobras, the subsidiaries Petrobras Distribuidora S.A. - BR, Petrobras Química S.A. - Petroquisa, and Alberto Pasqualini - Refap S.A., a subsidiary of Downstream Participações Ltda.

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