Petr�leo Brasileiro S.A. - PETROBRAS
Open Capital Company
CNPJ/MF no 33.000.167/0001-01
NIRE no 33300032061
The Board of Directors of Petr�leo Brasileiro S.A. - Petrobras calls the Company�s shareholders for the General and Special Meetings on March 19, 2012, at 03:00 pm, at the auditorium of the Headquarters Building at Avenida Rep�blica do Chile 65, 1st floor, in the city of Rio de Janeiro (RJ), in order to resolve on the following matters:
Ordinary General Meeting
I. Board of Director's Report and Financial Statements, accompanied of opinion from the Audit Committee, regarding the financial year ended as of December 31, 2011;
II. Capital Budget, regarding the year of 2012;
III. Destination of income for the year of 2011;
IV. Election of the members of the Board of Directors;
V. Election of the Chairman of the Board of Directors;
VI. Election of the members of the Audit Committee and corresponding alternates; and
VII. Establishment of compensation for administrators and members in the Audit Committee.
Extraordinary General Meeting
I. Increase of the Capital Stock by acquisition of part of the fiscal incentive reserve comprised in the year of 2011, in the amount of R$ 12 million, in compliance with article 35, paragraph 1, in Ordinance n� 2.091/07 of the National Integration State Minister, increasing the capital stock from R$ 205,380 million to R$ 205,392 million, without changes to the number of common and preferred shares, as provided for in article 40, item III, in the Company�s Articles of Incorporation, and the subsequent amendment to the wording in article 4 in the aforementioned Articles of Incorporation.
The minimum percentage in the capital stock required for the request to adopt the cumulate voting for the election of the members in the Board of Directors in the General Meeting is of 5% (five percent) of voting capita, as provided for in the CVM Instruction n� 282, as of 6-26-1998. The option to request for the adoption of the cumulate voting procedure may be enforced as provided for in � 1 in article 141 in Act 6.404, as of 12-15-1976.
Shareholders holding preferred shares who are entitled to elect in the General Meeting, in a separate ballot, a representative for this class of shares for a member of the Board of Directors, will represent, at a minimum, 10% (ten percent) of the capital stock, besides to evidence the uninterrupted ownership of the equity interest as of December 19th, 2011.
The Shareholder who wishes to be represented in the aforesaid Meetings must be compliant to the provisions in article 126, paragraph 1, in the Joint Stock Company Act and in article 13 in Petrobras� Articles of Incorporation, producing at the meeting, or, preferably, filing a power of attorney with special powers in room 1002 (Shareholder's Support Service) at the Headquarters, not later than 03:00 pm on March 14th , 2012.
Furthermore, shareholders may also choose to vote in the matters contained in this Notice upon the use of public request of a power of attorney, pursuant to CVM Instruction 481, as of December 17th , 2009.
The acceptance of electronic powers of attorney shall be done by means of the Online Meetings platform, at the web address
www.assembleiasonline.com.br. To this and for such purpose, it is necessary that shareholders register in this platform.
It will be at the shareholders� disposal, as of February 15th , in room 1002 (Shareholder's Support Service) at the Company�s Headquarters, and at the Company's (
http://www.petrobras.com.br/ri) and at the Securities Commission�s (
http://www.cvm.gov.br) web addresses, all the relevant documentation regarding the matters to be resolved in these General and Special Meetings as provided for in article 133, in Act 6.404, as of 12-15-1976 and in CVM Instruction 481, as of December 17th , 2009.
Rio de Janeiro, February 14th, 2012.
Guido Mantega
Chairman of the Board of Directors