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This excerpt taken from the PBR 6-K filed Nov 14, 2005. 6. PETROBRAS Stock Split The General Extraordinary Assembly that met on July 22, 2005, deliberated and approved a stock split representing company capital of 300%, resulting in the free distribution of 3 (three) new same-type shares for each 1 (one) share, based on shareholder position on August 31, 2005. Thus, company capital in the amount of R$ 32.896 million, as of September 1, 2005, will be divided into 4,386 million shares without nominal value, of which 2,537 million are ordinary shares and 1,849 million are preferred shares, and the relationship between the American Depositary Receipts (ADRs) and the shares corresponding to each type, will be altered from the current “one share per one ADR” to “four shares per one ADR.” This excerpt taken from the PBR 6-K filed Aug 19, 2005. 6. Petrobras Stock Split The General Extraordinary Assembly, which met on July 22, 2005, deliberated and approved: a stock split representing 300% of the existing shares comprising the Company’s corporate capital, resulting in the free distribution of 3 (three) new same-type shares for each 1 (one) share, based on the shareholder position on August 31, 2005. Thus, the corporate capital in the amount of R$ 32.896 million will be divided into 4,386 million shares without nominal value on September 1, 2005, with 2,537 million in ordinary shares and 1,849 million in preferred shares, and the relationship between the American Depositary Receipts (ADR) and the shares corresponding to each type will be altered from the current “one share per one ADR”, to “four shares per one ADR”. This excerpt taken from the PBR 6-K filed Aug 16, 2005. 7. Petrobras Stock Split The General Extraordinary Assembly, which met on July 22, 2005, deliberated and approved: a stock split representing 300% of the existing shares comprising the Company’s corporate capital, resulting in the free distribution of 3 (three) new same-type shares for each 1 (one) share, based on the shareholder position on August 31, 2005. Thus, the corporate capital in the amount of R$ 32.896 million will be divided into 4,386 million shares without nominal value on September 1, 2005, with 2,537 million in ordinary shares and 1,849 million in preferred shares, and the relationship between the American Depositary Receipts (ADR) and the shares corresponding to each type will be altered from the current “one share per one ADR”, to “four shares per one ADR”. | EXCERPTS ON THIS PAGE:
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