Petrobras (PBR)

29 Remuneration of Parent Company directors and employees (in reais)

The Petrobras Compensation and Benefits Plan, and specific legislation establish criteria for all remuneration of Company employees and directors.

In 2007, the highest and lowest salaries for employees occupying permanent posts, based on December data, were R$ 45.245,18 and R$ 1.400,88 (R$ 39.404,74 and R$ 1.085,66 in 2006), respectively. The average salary for the year was R$ 7.250,49 (R$ 6.262,56 in 2006).

With regard to Company directors, the highest remuneration in 2007, again based on December figures, was R$ 52.031,96 (R$ 45.315,45 in 2006).

23. Remuneration of parent company directors and employees (in reais)

The PETROBRAS Career Plan, the Benefits and Advantages Plan, and specific legislation establish criteria for remuneration of Company employees and directors.

In December 2004, the highest and lowest salaries for employees occupying permanent jobs were respectively R$ 33.455,82 and R$ 818,55 (R$ 29.849,95 and R$ 730,02 in December 2003). The average salary for that year was R$ 5.622,81 (R$ 5.060,08 in 2003).

With regard to Company directors, the highest remuneration in 2004, again for December, was R$ 38.474,19 (R$ 34.327,44 in 2003).