Petrobras Announces the Appointment of Jorge Zelada

03-06-2008

Petrobras has appointed Mr. Jorge Luiz Zelada as its International Business Officer, replacing Mr. Nestor Cuñat Cerveró.

Mr. Zelada, is an Electronic Engineer and has worked at Petrobras since January 1980, where he began working as an instrumentation engineer at the Executive Group for the Development of the Campos Basin (“Grupo Executivo para Desenvolvimento da Bacia de Campos” – Gecan), participating in the projects of the first platforms for that basin.

His previous position at the Company, which he was holding since February 2003, was of General Manager for the Implementation of Exploration Undertakings and Production and Maritime Transportation for the Engineering Area (“Gerente Geral de Implementação de Empreendimentos de Exploração e Produção e Transporte Marítimo da Área de Engenharia”), the body in charge of building production platforms. He also occupied other managing positions in the areas of engineering and drilling. At Petrobras Distribuidora, Mr. Zelada was the Development Manager for Energy Solutions Projects, responsible for the implementation of energy projects for customers and of thermoelectric plants for the Federal Government’s Emergency Program. He graduated from Universidade Federal do Rio de Janeiro (UFRJ) and participated in several courses in the technical and managerial areas.

In addition, we would like to inform that BR Distribuidora’s Board of Directors, appointed Mr. Nestor Cuñat Cerveró to be its Financial Officer, and Mr. Andurte de Barros Duarte Filho was appointed to be the Consumer Market Officer of Petrobras Distribuidora.

Mr. Nestor Cerveró is a chemical engineer and has worked for Petrobras since 1975, when he worked in the refining sector. He was an Advisor to the CEO for New Business Development and, in the area of Gas and Energy, he was the General Director and the Manager of Thermoelectric Plants in the Supervisory Board of Holdings.

Mr. Andurte is a mechanical engineer, from the Instituto Militar de Engenharia (IME), and holds an Executive MBA in Management by Coppead (UFRJ) and an Advanced Management Program by INSEAD – France. Mr. Andurte has worked for Petrobras since 1982 and was the Executive Manager of Large Consumers for BR Distribuidora.