Petrobras Endorses the Women's Empowerment Principles Defined by the UN

RIO DE JANEIRO, June 21, 2010 - The United Nations' Development Fund for Women (UNIFEM) and the Global
Compact announced on Monday (06/21) the list of global leaders who have
endorsed the Women's Empowerment Principles, launched by the UN last March.
Petrobras is one of the 39 companies that have endorsed the document, which
lists seven principles that provide practical guidance to companies to
promote gender equality in the workplace, in the market, and in the
community.

The initiative has the support of 39 executives of national and global
companies the world over, including the CEO of Petrobras, Jose Sergio
Gabrielli de Azevedo. UNIFEM Executive Director Ines Alberdi said: "These
initial signers of the CEO Statement are practicing the very first Women's
Empowerment Principle that leadership promotes gender equality."

Women's participation in Petrobras has grown by the year. In 2003, when
the Company joined the UN's Global Compact, it had 4,406 women on its own
staff. In December 2009, that figure had risen to 8,296 female employees,
growing women's participation in the Company's workforce from 12% to 14%.

With the greater integration of women in the company, we are putting into
practice one of the values expressed in Petrobras' Strategic Plan for 2020,
which is respect for human and cultural diversity, based on three principles:
non-discrimination, equal opportunities, and respect for differences. To
achieve these goals, Petrobras is part of the Pro-Gender Equality Action
Plan. Coordinated by the Brazilian Government with support from UNIFEM and
the ILO, this Plan aims to achieve gender equality in the labor market and to
eliminate all forms of discrimination," said Petrobras' CEO.

Gabrielli also mentioned a few examples of actions that underpin the
Company's commitment to the UN Global Compact and to the Women's Empowerment
Principles: Among the initiatives Petrobras has already implemented the
installation of breastfeeding support rooms in Company units and the
extension of the maternity leave period to 180 days. Petrobras also
participates in the National Pact to Combat Violence against Women.

    The Seven Women's Empowerment Principles are:

    1. Establish high-level corporate leadership for gender equality;
    2. Treat all men and women fairly at work -respect and support human
       rights and nondiscrimination;
    3. Ensure the health, safety and welfare for all women and men
       workers;
    4. Promote education, training and professional development for
       women;
    5. Implement enterprise development, supply chain and marketing
       practices that empower women;
    6. Promote equality through community initiatives and advocacy;
    7. Measure and publicly report on progress to achieve gender
       equality.

       INFORMATION, PHOTOS, AUDIO AND VIDEO RECORDINGS AT
       HTTP://WWW.AGENCIAPETROBRASDENOTICIAS.COM.BR

    Media Contacts
    Petrobras Press Management
    Telephone: +55-(21)-3224-1306 and 3224-2312
    On-call telephone number: +55-(21)-9921-1048 and 9985-9623
    imprensa@petrobras.com.br

Petrobras Press Management, +55-21-3224-1306 or +55-21-3224-2312, On-call telephone number: +55-21-9921-1048, or +55-21-9985-9623, imprensa at petrobras.com.br