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This excerpt taken from the PBR 6-K filed Mar 4, 2008. c) Notes Buyback On July 24, 2006 PifCo, a wholly-owned subsidiary of Petrobras, concluded the buyback tender for five series of notes it issued to the amount of US$ 888 million. Taking into consideration notes bought back by Petrobras and PiFCo in the past financial years, the operation entails the amount of US$ 1.215 million. This excerpt taken from the PBR 6-K filed Nov 17, 2006. Notes Buyback On July 24, 2006 PIFCo concluded the buyback tender for five series of notes it issued to the amount of US$ 888 million. If the notes bought back by PETROBRAS and PIFCo in the past are considered, the operation entails the amount of US$ 1.215 million. The notes buyback was only made possible by using company funds and in addition to lowering PETROBRAS total indebtedness, it enabled it to optimize its cash balance. | EXCERPTS ON THIS PAGE:
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