of Interest on Own Capital
Rio de Janeiro, September
21, 2009 � PETR�LEO BRASILEIRO S/A - PETROBRAS, announces that the Board of
Directors approved today the second installment of
advance dividend payment related to the 2009 Results, in the form of interest
on own capital (IOC).
The amount of R$ 1,755
million to be distributed, corresponding to a gross value of R$ 0.20 per
common and preferred shares, is being accrued in our Financial Statements on
September 30, 2009 and will be disbursed until March 31, 2010, based on the
shareholding position of September 30, 2009. As of October 1st, 2009
(ex-interest), the investors who acquire Petrobras
shares will not have the right to receive this payment anymore.
If the payment occurs
until December 31, 2009, it will be restated by SELIC rate from the effective
payment date to December 31, 2009 and will be offset against any remuneration
payable at the close of the 2009 fiscal year. If the payment occurs after
December 31, 2009, the shareholders will be entitled to receive the payment
restated by SELIC rate from December 31, 2009 to the effective payment date.
On June 24, 2009, the
Board approved the first installment of advance
dividend payment of 2009 Results, in the form of IOC and in the amount of R$
2,632 million (a gross value of R$ 0.30 per share). This first payment shall
be disbursed until December 31, 2009.
Both IOC payments will
be offset against the dividends and IOC payable at the close of the 2009
fiscal year and will be subject to income tax of 15% (fifteen per cent)
withhold at source, except in the case of shareholders who are exempt.
Contacts: PETR�LEO BRASILEIRO S. A. - PETROBRAS
Investor Relations Department I E-mail: email@example.com /
Av. Rep�blica do Chile,
65 � 22nd floor - 20031-912 - Rio de
Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947
This document may
contain forecasts that merely reflect the expectations of the Company�s
management. Such terms as �anticipate�, �believe�, �expect�, �forecast�,
�intend�, �plan�, �project�, �seek�, �should�, along with similar or
analogous expressions, are used to identify such forecasts. These predictions
evidently involve risks and uncertainties, whether foreseen or not by the
Company. Therefore, the future results of operations may differ from current
expectations, and readers must not base their expectations exclusively on the
information presented herein.