PBR » Topics » Interim payment of interest on own capital

This excerpt taken from the PBR 6-K filed Mar 27, 2008.

Interim payment of interest on own capital

(Rio de Janeiro, March 26, 2008). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces to shareholders that it will be making, on March 31, 2008, the second parcel of interest on own capital to shareholders of common (ON) and preferred (PN) shares outstanding on October 5, 2007, in accordance to Notice to Shareholders issued on September 21, 2007, as follows:

    Value in Reais 
    Per share ON and PN 
   
Interest on own capital    0,5000 
Restatement at the SELIC Rate    0,0130 
   
Total Gross Value    0,5130 
   

This interest on own capital (R$ 0,50) will be subject to 15% withholding tax while the value of R$ 0,0130, corresponding to the variation in the SELIC rate between December 31, 2007 and March 31, 2008 will be subject to 22,5% withholding tax. The above-mentioned Withholding Tax is not applicable to tax immune or exempt shareholders.

This parcel of interest on own capital will be offset against the total remuneration payable for the fiscal year 2007.

This excerpt taken from the PBR 6-K filed Jan 18, 2008.

Interim payment of interest on own capital

(Rio de Janeiro, January 18, 2008). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that announces to shareholders that it will be making an interim payment of interest on own capital, on January 23, 2008, to shareholders of common (ON) or preferred (PN) shares outstanding on August 17, 2007, in accordance to Notice to Shareholders issued on July 25, 2007, as follows:

    Value in Reais 
    Per share ON or PN 
   
Interest on own capital    0,5000 
Restatement at the SELIC Rate    0,0034 
   
Total Amount    0,5034 
   

This interest on own capital (R$ 0,50) will be subject to 15% withholding tax while the value of R$ 0,0034, corresponding to the variation in the SELIC rate between December 31, 2007 and January 23, 2008 will be subject to 22,5% withholding tax. The above-mentioned Withholding Tax is not applicable to tax immune or exempt shareholders.

The interest on own capital will be offset against the total remuneration payable for the fiscal year 2007.

This excerpt taken from the PBR 6-K filed Mar 27, 2007.

Interim payment of interest on own capital

(Rio de Janeiro, March 26, 2007). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces to shareholders that it will be making an interim payment of interest on own capital, on March 30, 2007, to shareholders of common (ON) and preferred (PN) shares outstanding on December 28, 2006, in accordance to Notice to Shareholders issued on December 15, 2006, as follows:

  Value in Reais 
  Per share ON and PN 
   
Interest on own capital  0,4500 
Restatement at the SELIC Rate  0,0137 
   
  0,4637 
   

This interest on own capital (R$ 0,45) will be subject to 15% withholding tax while the value of R$ 0,0137, corresponding to the variation in the SELIC rate between December 31, 2006 and March 30, 2007 will be subject to 22,5% withholding tax. The above-mentioned Withholding Tax is not applicable to tax immune or exempt shareholders.

The interest on own capital will be offset against the total remuneration payable for the fiscal year 2006.

This excerpt taken from the PBR 6-K filed Feb 14, 2005.

Interim payment of interest on own capital


(Rio de Janeiro, February 11, 2005) - PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces to shareholders that it will be making an interim payment of interest own capital, on February 15 2005, to shareholders of common (ON) and preferred (PN) shares outstanding on September 30 2004, in accordance to Notice to Shareholders issued on September 17 2004, as follows:

  Value in Reais 
  Per share ON e PN 
 
Interest on own capital 3,0000 
Restatement at the SELIC Rate 0,0618 
 
  3,0618 
 

This interest on own capital (R$ 3,00) will be subject to 15% withholding tax while the value of R$ 0,0618, corresponding to the variation in the SELIC rate between December 31 2004 and February 15 2005 will be subject to 20% withholding tax. The above-mentioned Withholding Tax is not applicable to tax immune or exempt shareholders.

The interest on own capital will be offset against the total remuneration payable for the fiscal year 2004.

1. INSTRUCTIONS FOR CREDITING

Banco do Brasil S.A., as the depository institution for the book entry shares, will effect payment.

1.1 – The shareholders with current accounts held with Banco do Brasil S.A., or with other banks duly advised by shareholders, will automatically be credited amounts due on the payment date.

1.2 – In the case of those shareholders where registration information does not contain details of “Bank/Branch/Current Account”, payment will be credited upon the updating information in Banco do Brasil S.A.’s electronic files through those branches authorized to provide shareholder services.

1.3 – The interest on own capital corresponding to the shares held in deposit by the Stock Exchanges’Fungible Custody Service will be credited to the respective Stock Exchanges through member BROKERAGE HOUSES responsible for paying the respective shareholders.

1.4 – Shareholders with bearer shares should personally contact one of Banco Brasil S.A.’s branches presenting Brazilian tax register number (CPF), identity documents, residence voucher, together with share certificates and respective coupons allowing the latter to be converted into book entry form for subsequent payment. Also, in this opportunity, bank account information could be updated for credit of due remuneration.

2. SHAREHOLDER SERVICES

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