Petrobras (PBR)

Payment of the second installment of interest on capital

(Rio de Janeiro, June 19, 2009). – 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 June 24, 2009, the payment of the second installment related to the interest on capital to shareholders of common (ON) and preferred (PN) shares, based on shareholder position at December 26, 2008, in accordance to Notice to Shareholders issued on December 19, 2008, and deliberated on the Ordinary General Meeting held on April 8, 2009, as follows:

This interest on capital (R$ 0,38) will be subject to 15% withholding tax while the value of R$ 0,0198, corresponding to the variation in the SELIC rate between December 31, 2008 and June 24, 2009 will be subject to 22,5% withholding tax. The above-mentioned withholding tax is not applicable to tax immune or exempt shareholders.

For the American Depositary Receipts (ADRs) negotiated in the Stock exchange of New York - NYSE Payment in connection with the American Depositary Receipts (ADRs) traded on the New York Stock Exchange - NYSE will be made through JPMorgan Chase Bank, N.A., depositary bank for the ADRs. Information concerning date of payment and any other additional information may be obtained at www.adr.com.

Rights to interest on capital unclaimed within 3 (three) years as from payment date (June 24, 2009), will lapse and revert in favor of the Company (Law 6404/76, Article 287, Subsection II, Item a).