Investor Presentaiton

© Wärtsilä 10,000 Million boe 36,000 SHIP POWER Petrobras Today: Proved Reserves + Potential Recoverable Volumes: 31.5 bi boe Petrobras' Proved Reserves: 15.7 bi boe Potential Growth: + 15.8 bi boe 30,000 25,000 • 20,000 15,000 2005-2010: more than 50% of new discoveries around the world were in deep water, with Brazil representing 63% of these discoveries. (PFC Energy) From 2005 to 2012 Petrobras declared 63 discoveries in pre-salt area and 189 in other areas to ANP. 2030: Brazil should present the highest growth production among the countries that are not members of OPEC. (PFC Energy) 5,000 0 1965 1970 1975 • Added Reserves in 2011 = 1.24 billion boe. Petrobras' CEO presentation 20th September 2012 1980 1985 1990 960 Pre-Salt Added Reserves 1 billion boe. 1995 2000 2005 Life after pre-salt BR PETROBRAS Potential Growth Concession - Potential Recoverable Volumes 10.8 bi boe Transfer of Rights 5.0 bi boe 15.71 Ultra-Deep Water 5.3 bi boe (>1,500 m) 7.9 bi boe Deep Water (300-1,500 m) Shallow-Water (0-300m) 1.2 bi boe Onshore 1.3 bi boe Reserve/Production Ratio 19.2 year. 2010 2011 WÄRTSILÄ

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