PBR » Topics » Write-off

This excerpt taken from the PBR 6-K filed Jun 8, 2007.

Write-off

Usina Termelétrica Nova Piratininga Ltda

On February 28, 2007, Petróleo Brasileiro S.A. – Petrobras and Petrobrás Gás S.A.- Gaspetro produced the articles of dissolution of Usina Termelétrica Nova Piratininga Ltda., in consequence of extinguishment of the Piratininga Consortium – São Paulo.

The share capital was held by Petrobras, 2.826.889 shares, and Gaspetro, 100 shares, with a nominal value of R$ 1,00 (one real) each.

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