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Brazilian Analysts

ABN Amro
José Francisco Cataldo
(55.11) 3174-2520
jose.francisco.cataldo@br.abnamro.com

Ágora Corretora de Valores
Luiz Otavio Broad Acatauassú Nunes
luiz.broad@agorainvest.com.br

Banco Brascan
Felipe Cunha
(55.21) 3231-3136
fcunha@bancobrascan.com.br

Banco do Brasil Investimentos
Nelson Rodrigues de Matos
(55.21) 3808-3317
nelsonrodriguesmatos@bb.com.br

BANIF Investment Banking
Luiz Caetano
(55.11) 3074-8061
luizcaetano@banifinvestment.com.br

BES - Banco Espiríto Santo, S.A.
Gilberto Pereira de Souza
(55 11) 3074-7325
gsouza@bessecurities.com.br

BES Securities do Brasil CCVM
Mônica Araújo
(55 21) 3212-3299
maraujo@bessecurities.com.br

Credit Suisse First Boston Garantia
Emerson Leite
(55.11)3841-6290
emerson.leite@csfb.com

Itaú Corretora de Valores S.A.
Paula Kovarsky
(11) 5029-1007
paula.kovarsky@itau.com.br

Lopes Filho e Assoc, Consult de Investimento
Leila Almeida
(55.21)2210-2152
leila@lopesfilho.com.br

UBS Pactual
Gustavo Gattass
(55.21)2555.3099
gustavo.gattass@ubs.com

Unibanco
Vladimir Pinto
(55 11) 3584-1162
vladimir.pinto@unibanco.com.br

Foreign Analysts

Deutsche Ixe, LLC
Lucrecia Tam
(646) 442-0702
lucrecia.tam@deutscheixe.com

Deutsche Ixe, LLC
Marcus Sequeira
(646) 442-0703
marcus.sequeira@deutscheixe.com

Goldman Sachs
Arjun N. Murti
(1.212)357-0931
arjun.murti@gs.com

Lehman Brothers
Paul Cheng
(1.212)526-1884
pcheng@lehman.com

Lehman Brothers
Charles Ting
(1.212)526-5580
cting@lehman.com

Merrill Lynch
Frank J. McGann
(54 11) 4317-7650
frank_mcgann@ml.com

Santander
Christian Audi
(1 212) 350-3991
caudi@schny.com



The performance of Petrobras shares is accompanied by the analysts listed above. The opinions, estimates and forecasts regarding the company by those analysts do not represent the opinions, forecasts and estimates of Petrobras nor its managers.

Petrobras does not confirm the analyses by the above analysts, does not endorse their distribution, nor agrees with the information, conclusions and recommendations therein that are the full responsibility of their authors.





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