PBR » Topics » 7.6 Remuneration of managers and employees of the parent company

This excerpt taken from the PBR 6-K filed Mar 31, 2009.

7.6 Remuneration of managers and employees of the parent company

The Petrobras Plan for Positions and Salaries and for Benefits and Advantages and the specific legislation establish the criteria for all the remunerations attributed by the Company to its officers and employees.

In fiscal year 2008, the highest and lowest remunerations attributed to employees occupying permanent positions, with respect to December, were R$ 51.708,73 and R$ 1.539,43 (R$ 45.245,18 and R$ 1.400,88 at December 31, 2007), respectively. The average remuneration in fiscal year 2008 was R$ 7.916,16 (R$ 7.250,49 at December 31, 2007).

With respect to the Company’s officers, the highest remuneration in 2008, using December as a base, was R$ 59.465,04 (R$ 52.031,96 at December 31, 2007).

The total remuneration for short-term benefits for the Company’s key personnel during fiscal year 2008 was R$ 6.812.072,23 (R$ 6.357.666,88 at December 31, 2007), referring to seven officers and eight board members.

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