Petrobras (PBR)

Payment of interest on capital

(Rio de Janeiro, April 17, 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 April 24, 2009, the payment of the first 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 April 08, 2009, as follows:

This interest on capital (R$ 0,38) 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, 2008 and April 24, 2009 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 capital will be offset against the total remuneration (dividends plus interest on capital) payable for the fiscal year 2008.

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 (March 31, 2008), will lapse and revert in favor of the Company (Law 6404/76, Article 287, Subsection II, Item a).

Payment of interest on capital

(Rio de Janeiro, April 17, 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 April 24, 2009, the payment of the first 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 April 08, 2009, as follows:

This interest on capital (R$ 0,38) will be subject to 15% withholding tax while the value of R$ 0,0137, corresponding to the variation in the SELIC rate between December 26, 2008 and April 24, 2009 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 capital will be offset against the total remuneration (dividends plus interest on capital) payable for the fiscal year 2008.

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 (March 31, 2008), will lapse and revert in favor of the Company (Law 6404/76, Article 287, Subsection II, Item a).