1. Elect Pietro Adamo Sampaio Mendes as Board Chair

No official results Fund totals may overlapCORPORATE GOVERNANCE

1% Fund and manager reports combined; may count the same shares twice · no official result

AGAINST

Details: votes by 69 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 66 asset managers voting on “Elect Pietro Adamo Sampaio Mendes as Board Chair” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	114,931,701	Against
Goldman Sachs	0	72,739,026	Against
Advisors' Inner Circle Fund III	319,868	63,122,440	Against
Fidelity	0	47,200,056	Against
Dimensional	0	32,800,327	Against
Charles Schwab	0	23,970,610	Against
MFS	0	7,901,373	Against
Thornburg	0	7,612,740	Against
TIAA	0	7,374,873	Against
T. Rowe Price	0	4,777,409	Against
Hartford	0	4,769,567	Against
State Street	0	4,751,657	Against
Lazard	0	4,720,496	Against
Delaware/Macquarie	0	3,200,000	Against
American Century	0	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Against
Franklin Templeton	0	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Against
Perpetual Americas Funds Trust	0	1,482,035	Against
DWS	0	1,212,568	Against
Russell Investments	0	1,207,490	Against
Equitable	34,166	1,044,248	Against
Northern Trust	0	940,734	Against
Dodge & Cox	0	907,743	Against
Victory Capital	0	682,799	Against

Fund voting reports, all 66 managers: 1,047,146 for, 421,870,396 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Elect Pietro Adamo Sampaio Mendes as Board Chair” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	0	For
RWC Asset Management LLP	0	57,416	Against
SHELTON CAPITAL MANAGEMENT	0	2,112	Against

Institutional-manager reports, all 3 managers: 4,227,119 for, 59,528 against.

2. Approve Classification of Aloisio Macario Ferreira de Souza as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Classification of Aloisio Macario Ferreira de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Classification of Aloisio Macario Ferreira de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

3. Approve Classification of Ivanyra Maura de Medeiros Correia as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Classification of Ivanyra Maura de Medeiros Correia as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Classification of Ivanyra Maura de Medeiros Correia as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

4. Approve Classification of Jose Fernando Coura as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Classification of Jose Fernando Coura as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Classification of Jose Fernando Coura as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

5. Approve Classification of Jose Joao Abdalla Filho as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Classification of Jose Joao Abdalla Filho as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Classification of Jose Joao Abdalla Filho as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

6. Approve Classification of Rafael Ramalho Dubeux as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

10% Fund and manager reports combined; may count the same shares twice · no official result

AGAINST

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Classification of Rafael Ramalho Dubeux as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	105,752,426	Against
Goldman Sachs	0	72,739,026	Against
Advisors' Inner Circle Fund III	0	62,174,561	Against
Fidelity	29,328,139	16,789,104	Mixed
Dimensional	0	32,800,327	Against
MFS	0	7,901,373	Against
Thornburg	0	7,612,740	Against
TIAA	7,374,873	0	For
T. Rowe Price	0	4,777,409	Against
State Street	0	4,751,657	Against
Lazard	0	4,720,496	Against
Delaware/Macquarie	0	3,200,000	Against
American Century	0	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Against
Franklin Templeton	0	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Against
Perpetual Americas Funds Trust	0	1,482,035	Against
DWS	0	1,212,568	Against
Northern Trust	0	940,734	Against
Dodge & Cox	907,743	0	For
Equitable	0	691,734	Against
Victory Capital	0	682,799	Against
Voya	0	609,612	Against
GMO	0	585,883	Against
Brighthouse	0	541,600	Against

Fund voting reports, all 57 managers: 38,167,955 for, 341,642,663 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Classification of Rafael Ramalho Dubeux as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
RWC Asset Management LLP	57,416	Against
SHELTON CAPITAL MANAGEMENT	2,112	Against

Institutional-manager reports, all 3 managers: 4,286,647 against.

7. Approve Classification of Renato Campos Galuppo as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

65% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Classification of Renato Campos Galuppo as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	26,450	72,712,576	Against
Advisors' Inner Circle Fund III	319,868	61,854,693	Against
Fidelity	46,117,243	0	For
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	4,751,657	0	For
Lazard	4,720,496	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	907,743	0	For
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For
Brighthouse	541,600	0	For

Fund voting reports, all 57 managers: 245,243,349 for, 134,567,269 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Classification of Renato Campos Galuppo as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

8. Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Terms of…

No official results Fund totals may overlapSHAREHOLDER RIGHTS AND DEFENSES

91% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: description as filed, votes by 60 asset managers

Description as filed by funds: Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Terms of Article 141 of the Brazilian Corporate Law?

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Te” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	72,739,026	0	For
Advisors' Inner Circle Fund III	62,174,561	0	For
Fidelity	16,789,104	29,328,139	Mixed
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Against
Lazard	4,720,496	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	0	907,743	Against
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For
Brighthouse	0	541,600	Against

Fund voting reports, all 57 managers: 344,009,679 for, 35,800,939 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Te” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

9. Elect Directors

No official results Fund totals may overlapDIRECTOR ELECTIONS

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

0.2% Fund and manager reports combined; may count the same shares twice · no official result

AGAINST

Details: votes by 60 asset managers

The 60 asset managers below reported this as one line covering every nominee; it is not attributed to any one director, and no share total is shown for it.

Fund voting reports: 57 asset managers voting on “Elect Directors” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
Vanguard	105,752,426	Against
Goldman Sachs	72,739,026	Against
Advisors' Inner Circle Fund III	62,174,561	Against
Fidelity	46,117,243	Against
Dimensional	32,800,327	Against
MFS	7,901,373	Against
Thornburg	7,612,740	Against
TIAA	7,374,873	Against
T. Rowe Price	4,777,409	Against
State Street	4,751,657	Against
Lazard	4,720,496	Against
Delaware/Macquarie	3,200,000	Against
American Century	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	Against
Franklin Templeton	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	1,698,859	Against
Perpetual Americas Funds Trust	1,482,035	Against
DWS	1,212,568	Against
Northern Trust	940,734	Against
Dodge & Cox	907,743	Against
Equitable	691,734	Against
Victory Capital	682,799	Against
Voya	609,612	Against
GMO	585,883	Against
Brighthouse	541,600	Against

Fund voting reports, all 57 managers: 398,900 for, 379,411,718 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Elect Directors” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
RWC Asset Management LLP	57,416	Against
SHELTON CAPITAL MANAGEMENT	2,112	Against

Institutional-manager reports, all 3 managers: 4,286,647 against.

10. Elect Fiscal Council Members

No official results Fund totals may overlapCOMPENSATION

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Elect Fiscal Council Members” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	29,328,139	16,789,104	Mixed
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	0	4,777,409	Abstain
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 29,885,339 for, 349,925,279 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Elect Fiscal Council Members” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

11. In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below?

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below?” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below?” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

12. Percentage of Votes to Be Assigned - Elect Aloisio Macario Ferreira de Souza as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Aloisio Macario Ferreira de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Aloisio Macario Ferreira de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

13. Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

14. Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

15. Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

16. Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

17. Percentage of Votes to Be Assigned - Elect Jose Joao Abdalla Filho as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Jose Joao Abdalla Filho as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Jose Joao Abdalla Filho as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

18. Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

19. Percentage of Votes to Be Assigned - Elect Pietro Adamo Sampaio Mendes as Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Pietro Adamo Sampaio Mendes as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Pietro Adamo Sampaio Mendes as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

20. Percentage of Votes to Be Assigned - Elect Rafael Ramalho Dubeux as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Rafael Ramalho Dubeux as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Rafael Ramalho Dubeux as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

21. Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

100% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain
Brighthouse	0	541,600	Abstain

Fund voting reports, all 57 managers: 4,807,601 for, 375,003,017 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

22. Approve Classification of Thales Kroth de Souza as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

36% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST

Details: votes by 49 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 46 asset managers voting on “Approve Classification of Thales Kroth de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Goldman Sachs	26,450	72,712,576	Against
Advisors' Inner Circle Fund III	319,868	61,854,693	Against
Fidelity	24,243,425	0	For
MFS	7,730,773	0	For
Thornburg	7,612,740	0	For
T. Rowe Price	4,755,976	0	For
Lazard	4,720,496	0	For
State Street	3,453,037	0	For
Delaware/Macquarie	3,200,000	0	For
Dimensional	2,583,569	0	For
American Century	2,249,485	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,187,856	0	For
Vanguard	1,175,518	0	For
Victory Capital	682,799	0	For
Equitable	657,568	0	For
Allspring	522,079	0	For
Empower	478,087	0	For
Columbia Threadneedle	458,394	0	For
HENNESSY FUNDS TRUST	398,900	0	For
Voya	310,686	0	For
Elevation Series Trust	178,592	0	For
PACE SELECT ADVISORS TRUST	167,683	0	For
Nationwide	158,300	0	For

Fund voting reports, all 46 managers: 71,338,138 for, 134,567,269 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Classification of Thales Kroth de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

23. Percentage of Votes to Be Assigned - Elect Thales Kroth de Souza as Independent Director

No official results Fund totals may overlapDIRECTOR ELECTIONS

— Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN

Details: votes by 49 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 46 asset managers voting on “Percentage of Votes to Be Assigned - Elect Thales Kroth de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
Goldman Sachs	72,739,026	Abstain
Advisors' Inner Circle Fund III	62,174,561	Abstain
Fidelity	24,243,425	Abstain
MFS	7,730,773	Abstain
Thornburg	7,612,740	Abstain
T. Rowe Price	4,755,976	Abstain
Lazard	4,720,496	Abstain
State Street	3,453,037	Abstain
Delaware/Macquarie	3,200,000	Abstain
Dimensional	2,583,569	Abstain
American Century	2,249,485	Abstain
DRIEHAUS MUTUAL FUNDS	1,698,859	Abstain
Perpetual Americas Funds Trust	1,482,035	Abstain
DWS	1,187,856	Abstain
Vanguard	1,175,518	Abstain
Victory Capital	682,799	Abstain
Equitable	657,568	Abstain
Allspring	522,079	Abstain
Empower	478,087	Abstain
Columbia Threadneedle	458,394	Abstain
HENNESSY FUNDS TRUST	398,900	Abstain
Voya	310,686	Abstain
Elevation Series Trust	178,592	Abstain
PACE SELECT ADVISORS TRUST	167,683	Abstain
Nationwide	158,300	Abstain

Fund voting reports, all 46 managers: 205,905,407 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Percentage of Votes to Be Assigned - Elect Thales Kroth de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
RWC Asset Management LLP	57,416	Abstain
SHELTON CAPITAL MANAGEMENT	2,112	Abstain

Institutional-manager reports, all 3 managers: 4,286,647 abstained.

24. Amend Articles and Consolidate Bylaws

No official results Fund totals may overlapCORPORATE GOVERNANCE

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Amend Articles and Consolidate Bylaws” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Amend Articles and Consolidate Bylaws” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

25. In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under…

No official results Fund totals may overlapCORPORATE GOVERNANCE

0% Fund and manager reports combined; may count the same shares twice · no official result

AGAINST

Details: description as filed, votes by 60 asset managers

Description as filed by funds: In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate?

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
Vanguard	105,752,426	Against
Goldman Sachs	72,739,026	Against
Advisors' Inner Circle Fund III	62,174,561	Against
Fidelity	46,117,243	Against
Dimensional	32,800,327	Against
MFS	7,901,373	Against
Thornburg	7,612,740	Against
TIAA	7,374,873	Against
T. Rowe Price	4,777,409	Against
State Street	4,751,657	Against
Lazard	4,720,496	Against
Delaware/Macquarie	3,200,000	Against
American Century	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	Against
Franklin Templeton	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	1,698,859	Against
Perpetual Americas Funds Trust	1,482,035	Against
DWS	1,212,568	Against
Northern Trust	940,734	Against
Dodge & Cox	907,743	Against
Equitable	691,734	Against
Victory Capital	682,799	Against
Voya	609,612	Against
GMO	585,883	Against
Brighthouse	541,600	Against

Fund voting reports, all 57 managers: 379,810,618 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
RWC Asset Management LLP	57,416	Against
SHELTON CAPITAL MANAGEMENT	2,112	Against

Institutional-manager reports, all 3 managers: 4,286,647 against.

26. IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES 161…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

5% of fund votes cast · no official result

AGAINST

Details: description as filed, votes by 23 asset managers

Description as filed by funds: IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES 161, PARAGRAPH 4, AND 240 OF LAW 6404, OF 1976, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE TO BE CONFERRED TO THE SAME SLATE?

The 23 asset managers below reported 6,795,044 for, 117,976,890 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,795,044AGAINST: 117,976,890

Largest asset managers voting on “IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES ” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	0	99,769,584	Against
BAILLIE GIFFORD FUNDS	0	11,035,313	Against
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	0	3,240,983	Against
Vanguard	0	2,324,949	Against
Cambria ETF Trust	649,725	0	For
John Hancock	0	537,429	Against
JPMorgan	0	413,788	Against
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	0	252,013	Against
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	170,062	Against
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	0	76,463	Against
Krane Shares Trust	0	71,100	Against
Gabelli	0	35,000	Against
GPS Funds I	0	34,877	Against
RBB FUND, INC.	0	10,959	Against
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	0	4,370	Against
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

27. Fix Number of Fiscal Council Members at Five

No official results Fund totals may overlapCORPORATE GOVERNANCE

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Fix Number of Fiscal Council Members at Five” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Fix Number of Fiscal Council Members at Five” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

28. In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate?

No official results Fund totals may overlapCORPORATE GOVERNANCE

0% Fund and manager reports combined; may count the same shares twice · no official result

AGAINST

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed S” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
Vanguard	105,752,426	Against
Goldman Sachs	72,739,026	Against
Advisors' Inner Circle Fund III	62,174,561	Against
Fidelity	46,117,243	Against
Dimensional	32,800,327	Against
MFS	7,901,373	Against
Thornburg	7,612,740	Against
TIAA	7,374,873	Against
T. Rowe Price	4,777,409	Against
State Street	4,751,657	Against
Lazard	4,720,496	Against
Delaware/Macquarie	3,200,000	Against
American Century	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	Against
Franklin Templeton	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	1,698,859	Against
Perpetual Americas Funds Trust	1,482,035	Against
DWS	1,212,568	Against
Northern Trust	940,734	Against
Dodge & Cox	907,743	Against
Equitable	691,734	Against
Victory Capital	682,799	Against
Voya	609,612	Against
GMO	585,883	Against
Brighthouse	541,600	Against

Fund voting reports, all 57 managers: 379,810,618 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed S” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
RWC Asset Management LLP	57,416	Against
SHELTON CAPITAL MANAGEMENT	2,112	Against

Institutional-manager reports, all 3 managers: 4,286,647 against.

29. SETTING THE COMPENSATION FOR THE ADMINISTRATORS, THE MEMBERS OF THE FISCAL COUNCIL, AND THE MEMBERS OF THE STATUTORY…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 4 wordings of this item as funds reported it.

86% of fund votes cast · no official result

FORAGAINST

Details: description as filed, votes by 28 asset managers

Description as filed by funds: SETTING THE COMPENSATION FOR THE ADMINISTRATORS, THE MEMBERS OF THE FISCAL COUNCIL, AND THE MEMBERS OF THE STATUTORY ADVISORY COMMITTEES TO THE PETROBRAS' BOARD OF DIRECTORS.

The 28 asset managers below reported 107,228,988 for, 17,587,339 against, 7,310 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 107,228,988AGAINST: 17,587,339ABSTAIN: 7,310

Largest asset managers voting on “SETTING THE COMPENSATION FOR THE ADMINISTRATORS, THE MEMBERS OF THE FISCAL COUNCIL, AND THE MEMBERS OF THE STA” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
BlackRock	99,769,584	0	0	For
BAILLIE GIFFORD FUNDS	0	11,035,313	0	Against
CULLEN FUNDS TRUST	5,556,519	0	0	For
Jackson National	0	3,240,983	0	Against
Vanguard	0	2,324,949	0	Against
Cambria ETF Trust	649,725	0	0	For
John Hancock	0	537,429	0	Against
JPMorgan	0	413,788	0	Against
Morningstar Funds Trust	316,916	0	0	For
MASTER INVESTMENT PORTFOLIO	252,013	0	0	For
Brookfield Investment Funds	173,192	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	0	For
TIMOTHY PLAN	93,564	0	0	For
PFM Multi-Manager Series Trust	76,463	0	0	For
Krane Shares Trust	71,100	0	0	For
Janney Montgomery Scott LLC	44,393	0	0	For
Gabelli	35,000	0	0	For
GPS Funds I	0	34,877	0	Against
RBB FUND, INC.	10,959	0	0	For
ELEVATION POINT WEALTH PARTNERS, LLC	0	0	7,310	Abstain
Northern Lights Fund Trust IV	5,128	0	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	0	For
Echo45 Advisors LLC	0	0	0	--
Family Firm, Inc.	0	0	0	--
IPConcept (Luxemburg) S.A.	0	0	0	--

Showing the 25 largest of 28 asset managers. See all 28 in the interactive database.

30. IF ONE OF THE CANDIDATES THAT COMPOSES YOUR CHOSEN SLATE LEAVES IT, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

5% of fund votes cast · no official result

AGAINST

Details: description as filed, votes by 23 asset managers

Description as filed by funds: IF ONE OF THE CANDIDATES THAT COMPOSES YOUR CHOSEN SLATE LEAVES IT, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE TO BE CONFERRED ON THE SAME SLATE?

The 23 asset managers below reported 6,795,044 for, 117,976,890 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,795,044AGAINST: 117,976,890

Largest asset managers voting on “IF ONE OF THE CANDIDATES THAT COMPOSES YOUR CHOSEN SLATE LEAVES IT, CAN THE VOTES CORRESPONDING TO YOUR SHARES” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	0	99,769,584	Against
BAILLIE GIFFORD FUNDS	0	11,035,313	Against
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	0	3,240,983	Against
Vanguard	0	2,324,949	Against
Cambria ETF Trust	649,725	0	For
John Hancock	0	537,429	Against
JPMorgan	0	413,788	Against
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	0	252,013	Against
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	170,062	Against
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	0	76,463	Against
Krane Shares Trust	0	71,100	Against
Gabelli	0	35,000	Against
GPS Funds I	0	34,877	Against
RBB FUND, INC.	0	10,959	Against
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	0	4,370	Against
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

31. PROPOSAL FOR THE ALLOCATION OF THE 2024 FISCAL YEAR RESULTS.

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR

Details: votes by 23 asset managers

The 23 asset managers below reported 124,771,934 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 124,771,934

Largest asset managers voting on “PROPOSAL FOR THE ALLOCATION OF THE 2024 FISCAL YEAR RESULTS.” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
BlackRock	99,769,584	For
BAILLIE GIFFORD FUNDS	11,035,313	For
CULLEN FUNDS TRUST	5,556,519	For
Jackson National	3,240,983	For
Vanguard	2,324,949	For
Cambria ETF Trust	649,725	For
John Hancock	537,429	For
JPMorgan	413,788	For
Morningstar Funds Trust	316,916	For
MASTER INVESTMENT PORTFOLIO	252,013	For
Brookfield Investment Funds	173,192	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	For
TIMOTHY PLAN	93,564	For
PFM Multi-Manager Series Trust	76,463	For
Krane Shares Trust	71,100	For
Gabelli	35,000	For
GPS Funds I	34,877	For
RBB FUND, INC.	10,959	For
Northern Lights Fund Trust IV	5,128	For
CITY NATIONAL ROCHDALE FUNDS	4,370	For
Family Firm, Inc.	0	--
SARATOGA ADVANTAGE TRUST	0	--
World Funds Trust	0	--

32. Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2024

No official results Fund totals may overlapCORPORATE GOVERNANCE

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2024” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,703,108 for, 107,510 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2024” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

33. Approve Allocation of Income and Dividends

No official results Fund totals may overlapCAPITAL STRUCTURE

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 60 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Allocation of Income and Dividends” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For
Brighthouse	541,600	For

Fund voting reports, all 57 managers: 379,810,618 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Approve Allocation of Income and Dividends” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

34. In the Event of a Second Call, Can the Voting Instructions Contained in this Proxy Card Be Considered Valid for the…

No official results Fund totals may overlapCORPORATE GOVERNANCE

98% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: description as filed, votes by 60 asset managers

Description as filed by funds: In the Event of a Second Call, Can the Voting Instructions Contained in this Proxy Card Be Considered Valid for the Second Call?

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “In the Event of a Second Call, Can the Voting Instructions Contained in this Proxy Card Be Considered Valid fo” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	72,739,026	0	For
Advisors' Inner Circle Fund III	62,174,561	0	For
Fidelity	46,117,243	0	For
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Against
Lazard	4,720,496	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	0	907,743	Against
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For
Brighthouse	0	541,600	Against

Fund voting reports, all 57 managers: 373,496,118 for, 6,314,500 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “In the Event of a Second Call, Can the Voting Instructions Contained in this Proxy Card Be Considered Valid fo” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

35. IN THE EVENT OF A SECOND CALL FOR THIS GENERAL MEETING, CAN THE VOTING INSTRUCTIONS CONTAINED IN THIS BULLETIN ALSO BE…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

99.8% of fund votes cast · no official result

FOR

Details: description as filed, votes by 23 asset managers

Description as filed by funds: IN THE EVENT OF A SECOND CALL FOR THIS GENERAL MEETING, CAN THE VOTING INSTRUCTIONS CONTAINED IN THIS BULLETIN ALSO BE CONSIDERED FOR THE HOLDING OF THE MEETING ON THE SECOND CALL?

The 23 asset managers below reported 124,641,405 for, 130,529 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 124,641,405AGAINST: 130,529

Largest asset managers voting on “IN THE EVENT OF A SECOND CALL FOR THIS GENERAL MEETING, CAN THE VOTING INSTRUCTIONS CONTAINED IN THIS BULLETIN” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	99,769,584	0	For
BAILLIE GIFFORD FUNDS	11,035,313	0	For
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	3,240,983	0	For
Vanguard	2,324,949	0	For
Cambria ETF Trust	649,725	0	For
John Hancock	406,900	130,529	Mixed
JPMorgan	413,788	0	For
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	252,013	0	For
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	For
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	76,463	0	For
Krane Shares Trust	71,100	0	For
Gabelli	35,000	0	For
GPS Funds I	34,877	0	For
RBB FUND, INC.	10,959	0	For
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	For
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

36. In case of a cumulative voting process, should the corresponding votes to your shares be equally distributed among the…

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

58% of fund votes cast · no official result

FORAGAINST

Details: description as filed, votes by 23 asset managers

Description as filed by funds: In case of a cumulative voting process, should the corresponding votes to your shares be equally distributed among the candidates indicated below? [If the shareholder chooses "yes", only the candidates listed below with the answer type "approve" will be considered in the proportional percentage distribution. If the shareholder chooses to "abstain" and the election occurs by the cumulative voting process, the shareholder's vote shall be ... (due to space limits, see proxy material for full proposal).

The 23 asset managers below reported 18,832,369 for, 13,649,276 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 18,832,369AGAINST: 13,649,276

Largest asset managers voting on “In case of a cumulative voting process, should the corresponding votes to your shares be equally distributed a” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BAILLIE GIFFORD FUNDS	0	11,035,313	Against
BlackRock	7,053,233	0	For
Hartford	4,765,267	0	For
Jackson National	2,890,493	0	For
Vanguard	0	2,324,949	Against
Advisors' Inner Circle Fund III	1,267,747	0	For
Fidelity	1,082,813	0	For
Russell Investments	1,039,245	0	For
Mercer Funds	0	289,014	Against
PACE SELECT ADVISORS TRUST	173,803	0	For
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	For
PFM Multi-Manager Series Trust	76,463	0	For
Gabelli	35,000	0	For
Global X	32,852	0	For
Morningstar Funds Trust	31,742	0	For
INTEGRITY FUNDS	20,000	0	For
RBB FUND, INC.	10,959	0	For
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	For
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

37. Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees

No official results Fund totals may overlapCOMPENSATION

30% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST

Details: votes by 61 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	0	72,739,026	Against
Advisors' Inner Circle Fund III	0	62,174,561	Against
Fidelity	0	46,117,243	Against
Dimensional	0	32,800,327	Against
MFS	0	7,901,373	Against
Thornburg	0	7,612,740	Against
TIAA	7,374,873	0	For
T. Rowe Price	0	4,777,409	Against
State Street	0	4,751,657	Against
Lazard	0	4,720,496	Against
Delaware/Macquarie	0	3,200,000	Against
American Century	0	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Against
Franklin Templeton	0	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Against
Perpetual Americas Funds Trust	0	1,482,035	Against
DWS	0	1,212,568	Against
Northern Trust	0	940,734	Against
Dodge & Cox	0	907,743	Against
Equitable	0	691,734	Against
Victory Capital	0	682,799	Against
Voya	0	609,612	Against
GMO	0	585,883	Against
Brighthouse	0	541,600	Against

Fund voting reports, all 57 managers: 113,633,709 for, 266,176,909 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 4 asset managers voting on “Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
RWC Asset Management LLP	57,416	Against
Fractal Investments LLC	5,600	Against
SHELTON CAPITAL MANAGEMENT	2,112	Against

Institutional-manager reports, all 4 managers: 4,292,247 against.

38. ACCOUNTABILITY OF THE ADMINISTRATORS, REVIEW, DISCUSSION, AND VOTING ON THE MANAGEMENT REPORT AND THE COMPANY'S…

No official resultsCORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FORABSTAIN

Details: description as filed, votes by 23 asset managers

Description as filed by funds: ACCOUNTABILITY OF THE ADMINISTRATORS, REVIEW, DISCUSSION, AND VOTING ON THE MANAGEMENT REPORT AND THE COMPANY'S FINANCIAL STATEMENTS, ACCOMPANIED BY THE INDEPENDENT AUDITORS' REPORT AND THE PETROBRAS' FISCAL COUNCIL'S OPINION, FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024.

The 23 asset managers below reported 24,739,378 for, 100,032,556 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 24,739,378ABSTAIN: 100,032,556

Largest asset managers voting on “ACCOUNTABILITY OF THE ADMINISTRATORS, REVIEW, DISCUSSION, AND VOTING ON THE MANAGEMENT REPORT AND THE COMPANY'” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
BlackRock	0	99,769,584	Abstain
BAILLIE GIFFORD FUNDS	11,035,313	0	For
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	3,240,983	0	For
Vanguard	2,324,949	0	For
Cambria ETF Trust	649,725	0	For
John Hancock	537,429	0	For
JPMorgan	413,788	0	For
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	0	252,013	Abstain
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	For
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	76,463	0	For
Krane Shares Trust	71,100	0	For
Gabelli	35,000	0	For
GPS Funds I	34,877	0	For
RBB FUND, INC.	0	10,959	Abstain
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	For
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

39. Elect Ronaldo Dias as Fiscal Council Member and Ricardo Jose Martins Gimenez as Alternate Appointed by Minority…

No official results Fund totals may overlapAUDIT-RELATED

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: description as filed, votes by 60 asset managers

Description as filed by funds: Elect Ronaldo Dias as Fiscal Council Member and Ricardo Jose Martins Gimenez as Alternate Appointed by Minority Shareholder

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 57 asset managers voting on “Elect Ronaldo Dias as Fiscal Council Member and Ricardo Jose Martins Gimenez as Alternate Appointed by Minorit” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	72,739,026	0	For
Advisors' Inner Circle Fund III	62,174,561	0	For
Fidelity	16,789,104	29,328,139	Mixed
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	4,751,657	0	For
Lazard	4,720,496	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	907,743	0	For
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For
Brighthouse	541,600	0	For

Fund voting reports, all 57 managers: 350,324,179 for, 29,486,439 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Elect Ronaldo Dias as Fiscal Council Member and Ricardo Jose Martins Gimenez as Alternate Appointed by Minorit” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
RWC ASSET ADVISORS (US) LLC	4,227,119	For
RWC Asset Management LLP	57,416	For
SHELTON CAPITAL MANAGEMENT	2,112	For

Institutional-manager reports, all 3 managers: 4,286,647 for.

40. Elect Reginaldo Ferreira Alexandre as Fiscal Council Member and Vasco de Freitas Barcellos Neto as Alternate Appointed…

No official resultsAUDIT-RELATEDCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR

Details: description as filed, votes by 56 asset managers

Description as filed by funds: Elect Reginaldo Ferreira Alexandre as Fiscal Council Member and Vasco de Freitas Barcellos Neto as Alternate Appointed by Preferred Shareholder

The 56 asset managers below reported 600,905,961 for, 39,048 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 600,905,961ABSTAIN: 39,048

Largest asset managers voting on “Elect Reginaldo Ferreira Alexandre as Fiscal Council Member and Vasco de Freitas Barcellos Neto as Alternate A” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Goldman Sachs	163,006,063	For
Vanguard	156,715,331	For
Advisors' Inner Circle Fund III	91,430,966	For
Fidelity	39,277,765	For
Dimensional	39,061,444	For
PIMCO	14,955,498	For
AllianceBernstein	12,756,800	For
MFS	11,771,406	For
GMO	10,311,973	For
TIAA	8,876,690	For
Delaware/Macquarie	6,185,509	For
Northern Trust	5,923,961	For
TEMPLETON DEVELOPING MARKETS TRUST	4,591,932	For
Franklin Templeton	4,003,928	For
State Street	3,947,224	For
Advisors' Inner Circle Fund II	3,775,100	For
American Century	2,846,236	For
Principal	2,669,000	For
Waddell & Reed	2,088,474	For
DWS	1,987,385	For
Allspring	1,643,493	For
Victory Capital	1,548,100	For
Columbia Threadneedle	1,272,359	For
T. Rowe Price	979,753	For
AIG/SunAmerica	888,738	For

Showing the 25 largest of 56 asset managers. See all 56 in the interactive database.

PETROLEO BRASILEIRO SA 2024-2025 Proxy Voting Records

Results at a glance

How asset managers voted at the PETROLEO BRASILEIRO SA 2024-2025 meeting

1. Elect Pietro Adamo Sampaio Mendes as Board Chair

2. Approve Classification of Aloisio Macario Ferreira de Souza as Independent Director

3. Approve Classification of Ivanyra Maura de Medeiros Correia as Independent Director

4. Approve Classification of Jose Fernando Coura as Independent Director

5. Approve Classification of Jose Joao Abdalla Filho as Independent Director

6. Approve Classification of Rafael Ramalho Dubeux as Independent Director

7. Approve Classification of Renato Campos Galuppo as Independent Director

8. Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Terms of…

9. Elect Directors

10. Elect Fiscal Council Members

11. In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below?

12. Percentage of Votes to Be Assigned - Elect Aloisio Macario Ferreira de Souza as Independent Director

13. Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director

14. Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director

15. Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director

16. Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director

17. Percentage of Votes to Be Assigned - Elect Jose Joao Abdalla Filho as Independent Director

18. Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director

19. Percentage of Votes to Be Assigned - Elect Pietro Adamo Sampaio Mendes as Director

20. Percentage of Votes to Be Assigned - Elect Rafael Ramalho Dubeux as Independent Director

21. Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director

22. Approve Classification of Thales Kroth de Souza as Independent Director

23. Percentage of Votes to Be Assigned - Elect Thales Kroth de Souza as Independent Director

24. Amend Articles and Consolidate Bylaws

25. In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under…

26. IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES 161…

27. Fix Number of Fiscal Council Members at Five

28. In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate?

29. SETTING THE COMPENSATION FOR THE ADMINISTRATORS, THE MEMBERS OF THE FISCAL COUNCIL, AND THE MEMBERS OF THE STATUTORY…

30. IF ONE OF THE CANDIDATES THAT COMPOSES YOUR CHOSEN SLATE LEAVES IT, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE…

31. PROPOSAL FOR THE ALLOCATION OF THE 2024 FISCAL YEAR RESULTS.

32. Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2024

33. Approve Allocation of Income and Dividends

34. In the Event of a Second Call, Can the Voting Instructions Contained in this Proxy Card Be Considered Valid for the…

35. IN THE EVENT OF A SECOND CALL FOR THIS GENERAL MEETING, CAN THE VOTING INSTRUCTIONS CONTAINED IN THIS BULLETIN ALSO BE…

36. In case of a cumulative voting process, should the corresponding votes to your shares be equally distributed among the…

37. Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees

38. ACCOUNTABILITY OF THE ADMINISTRATORS, REVIEW, DISCUSSION, AND VOTING ON THE MANAGEMENT REPORT AND THE COMPANY'S…

39. Elect Ronaldo Dias as Fiscal Council Member and Ricardo Jose Martins Gimenez as Alternate Appointed by Minority…

40. Elect Reginaldo Ferreira Alexandre as Fiscal Council Member and Vasco de Freitas Barcellos Neto as Alternate Appointed…

Largest PETROLEO BRASILEIRO SA shareholders voting in 2024-2025

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