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Investor Presentaiton

Helicopter Investor Miami 2014 MROS - Cost of Importing Equipment and Local Content RELEVANT LOCAL MARKET HI Helicopter Investor • TAX EFFECTS & PRINCING ➤ Importation of additional parts and importation of SERVICE (tax issues) • PETROBRAS REQUIREMENT FOR LOCAL CONTENT • SPECIAL DEPOSIT AS AN ALTERNATIVE ► Local storage of parts with no import tax prior to the sale ➤ Replacement of Customer's material/equipment under same tax regime ➤Local SERVICE, when applicable (reduced taxes) ➤ Possible tax benefits for facility constructions September 2014

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