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This excerpt taken from the PBR 6-K filed Jun 2, 2006. Petrobras concludes acquisition of Shell assets in Uruguay (Rio de Janeiro, June 1, 2006). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that concluded today the acquisition of Shell’s assets in Uruguay, comprising fuel distribution and sale operations. The acquisition includes service stations all over the Uruguayan territory, in addition to aviation fuel, maritime products, and lubricants sale facilities. As from today, the service stations will operate under Petrobras’ responsibility. Changing Shell’s brand to Petrobras standard will take twelve months. The public relationship line shall also be the same, in order to strengthen businesses in that country. Because of its geographical position, Uruguay is strategic to Petrobras, as it is close to Brazil, Argentina, and Paraguay. That location represents a great potential of growth and synergy with current company’s assets at the South Cone. The business involved acquisitions in Paraguay, Colombia and Uruguay, an operation around 140 million dollars. The operation is in line with Petrobras’ Strategic Planning objectives, i.e., consolidate itself as an integrated energy company. http: //www.petrobras.com.br/ri/english Contacts: Petróleo Brasileiro S.A – PETROBRAS 
This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 01, 2006
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually oc cur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. | ||||||||