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Petrobras International Finance Company, A Wholly Owned Subsidiary Of Petroleo Brasileiro S.A. - Petrobras, Announces Receipt Of Majority Consents From Holders Of Its 9.125% Notes Due 2013

This press release is for informational purposes only and is not a solicitation of consents. The Consent Solicitation was only made pursuant to the Consent Solicitation Statement and the related Letter of Consent.  The Consent Solicitation was not made to holders of Notes in any jurisdiction in which the making of the Consent Solicitation or the acceptance of Consents would not be in compliance with the laws of such jurisdiction.  The Consent Solicitation was made only to specified eligible holders of Notes, as set forth in the Consent Solicitation Statement.  In any jurisdiction in which the securities laws or blue sky laws require the Consent Solicitation to be made by a licensed broker or dealer, the Consent Solicitation was deemed to be made on our behalf by the Solicitation Agent or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

About the Company

PifCo is a wholly-owned finance subsidiary of Petrobras incorporated in the Cayman Islands as an exempted company with limited liability.  PifCo was originally incorporated in order to facilitate and finance the import of crude oil and oil products by Petrobras into Brazil. Since September 30, 2011, PifCo no longer engages in the sale and purchase of crude oil and oil products to and from Petrobras, third parties and related parties.  PifCo is a finance subsidiary functioning as a vehicle for Petrobras to raise capital for its operations through the issuance of debt securities in the international capital markets, among other means.  Petrobras guarantees, and will continue to guarantee, all of PifCo's debt obligations through full and unconditional guarantees of payment.

PifCo's principal executive office is located at 190 Elgin Avenue, George Town, Grand Cayman, KYI-9005, Cayman Islands, and its telephone number is (55-21) 3487-2375.

Petrobras is one of the world's largest integrated oil and gas companies, engaging in a broad range of oil and gas activities. Petrobras is a sociedade de economia mista, organized and existing under the laws of Brazil.  For the year ended December 31, 2012, Petrobras had sales revenues of U.S. $144.1 billion, gross profit of U.S. $ 36.6 billion and net income attributable to Petrobras' shareholders of U.S. $ 10.9 billion.

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