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PBR » Topics » (*) Net of deposits related to judicial proceedings for which a provision is recorded, when applicable. Other information

This excerpt taken from the PBR 6-K filed Aug 18, 2009.

(*) Net of deposits related to judicial proceedings for which a provision is recorded, when applicable.

Other information

Search and apprehension of ICMS/tax substitution considered not to be due.

In the period from 2000 to 2001, Petrobras was sued in the courts of the States of Goiás, Tocantins, Bahia, Pará, Maranhão and the Federal District by petrol distribution companies under the supposed allegation that it did not pass on to the state governments the tax on circulation of goods and services (ICMS) withheld by law on the sale of fuels.

Of the total amount of these lawsuits, approximately R$ 80.159 thousand was effectively withdrawn from the Company’s accounts, through legal decisions of advance relief. On appeal, these judicial rulings of advance relief were annulled.

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