Petrobras (PBR)

U.S. Ex-Im Bank approves a Preliminary Commitment to Petrobras

(Rio de Janeiro, April 27 2009). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, informs that, on April 14, 2009, Export-Import Bank of the United Stated (U.S. Ex-Im Bank) approved a Preliminary Commitment (PC) to Petrobras in support of the export of U.S. goods and services in connection with Petrobras’ new exploration and development activities, as well as upgrades and expansions of its existing facilities.

Petrobras can withdraw separate lines with different tenors in the next two years to finance the import of U.S. services and equipments, following the conditions established in the PC. The total financed amount approved in the PC is US$ 2 billion and the maximum repayment term is 10 years.

This approval demonstrates diverse sources of funding available to the Company to finance its Investment Plan.

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Contacts: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República do Chile, 65 – 22^nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947

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