EFTA01380765

7 October 2015 Corporate Credit,Energy Petroleo Brasileiro S.A. 5:om• Soweto: 4.8091 2014 etro eo 3314 40'4 : rase 'Euro • '015 2015 Taal Reven444 34020.6 345604 33.3244 24883 5 240392 Co:. Oen Roe 44435 6.0868 8.6425 7,8013 43761 91,9099 owe% o9rese 5865 Eel! • - 4311704 7.420A me 6t215.0) 7,0217 4030.7 Xi% . . .946.1 2446 . Reoxted ESTIM 2,2112.2 1731.3 7.012.0 7.4900 4439 9 :47* 36 7% :36% .991 . Ctene• In WC 7012 Kalil 0.0)).4) 0,09091 847.0 Peon In NS WA 2. Kea %Ala% 1,2720 WA 619 .71 17rtmet0CF 1w <hp in %WM 3.01114 44174 00.60720 4/604.1 4850 4 NM latent 904 (1,66L1) meow 0.537.33 12.572.10 1949.21 18.689 41 SSW Ii 1555331 1615171 405 060 17621 1370 .u- 13,91761 442% 9.91 66 • • . • , 0 if0F tv olg in 11WM 0 441981 4.01$21 114418 81 11.05601 621 01 Few 0001 MOw IFC19 15 575 11 6241 01 111.955 4: MI V <2.1$7 71 Ile chop %OS 3331 B <340491 <3.423 7i any. !I 9,6779 Ilet comb goed.an 13 243 LI %SAO% 11543911 V 337 7t 4.060 t i 0E-9 6 3 12.2070 14,2000 128337 2 121 I i 1712 8 119527.6 Tots Debt 13111.0%.* 1366609 '32.097.2 124040.7 139,11110 26.2166 ... 3 10.666 0 26.157.2 Net NIX 112,702.2 115,380.6 '15.441.0 114374.7 107.7612 .749, 0:, t ^ 21,1076 39./..11 4 091patad 194‘ Debt IC4905 II 1015147 4 1064443 102.911.1 104.3117.0 4 4.% 786, 0 IN 021. )('o 99% 10.7% Cm554 Doll 295 240. 219* 172, 205. <owl Oett/6811DA 11 468* 3645. -3 584 401. 656. TOWSWAN Aocaortel F86DA(.I 636* 567* 529. 470* 5241 Mont.1 Het cleb0E8I7DAoa 3679 2873x -2 664 335' 33. Adivokl 114‘ det4/811DA 3679 28739 4 IX% 338. 433. liM6a9ITM 14 436,9 5.509 21.539 16909 20.14 44.4144 Hot *Valhi EE41CA a 219 610* 19004 1626. 1961. Idiuted doW1.1% Rwertod EMMA 16 4219 447. 391 409. LIM OCMo1011:88( 168% 11.2% 6 7% IC 0% 82% Wain; Camel ',snow Pan) 36 30 28 32 CAPEX(111114.....40 233% 22 WI 166% 238% 21.54 % %NM 5014. 43.3676 156% 40µ:o!C4N god Cmh (46901063 23531 4 90.659 189% Tad 2420 1 A TONI DM 143.0141.0 474,18 54 DOI '43000 SNItexcliert Elute 97.0374 4251 8/11840/041190 78141Capialtstba 222,07M) WOOS 0>3 re< 20'3 2014 LTV OM SU% '41.074,4 143,11380 124157.6 t7% 44% 37.9290 241Q4 33,7557 1935 a, a al3 334. 417% -114.111 mons 4,202 6 4351.6 4028 3241 .40 65 -14.0% ell% 241362 254 104 2153>8 4203 4%1 114 0.003-71 12.20631 1451.51 al% III 0%43.% 1, • 79 3 15,912.19 an 14.4% 340132 3.0233 11,2644 CI% 40.0%. 01.0 474 0.91921 1451.91 42% 319% 14831491 .00 16341 NM Ml 067261 %MT& 0.01 108% 454% 127 165 71 05,7972) *0.014 01 ItC4% '216% 07 40931 0/2.41161 C632131 NM 1811% 17.6939 8.7051 (5431731 NM MA 1971661 113 1005) 05,372 71 ITO% DAM 7,061 'I 11.8773 14%209 70% 49% 1054306 120,2100 119,6226 ICS 45% 1143122 122,0172 It1,81%6 1462% 44% 157366 16.6462 26.157 3 4.0% 4411 CA= 115.441.0 107,7612 *35 458 IA5430 219.30 99.1,11 4 1.4% 42% 10,7•1 44.3 1063910 4028 4129 498. 070. 41: 614 130. 06.‘ .287. 832 338 70% 90% 107% 330 .74 246. 218. 706. us/ 075 390. 3143• 2502. 1'3 389. 526+ 521. 944 670 118 123. 2526. 1951. 04 660 323. 2526. 1951. 3341 *178 3.36. 2747. 20.12. CS 7 1529 1 3 23. 26.26. 19.6“ 01% 3 21. 4 23. 400. 60.711 Mitte4C40 M on 10%2015 29,:080 Adbelef 141 101.384 0 24.361 6040/0401/81•0 1%41750 ..y, 12,192 1 4721 "• 349 Ev4M.4 teptoA I 523. all = IIIII II . 20 16 , 2017 2018 2019 251209 • 0 9% tweettew tewlem ..an sawn et 91 900 Ms to can 011, • D.1119 WV 6.9.* Deutsche Bank Securities Inc. t' t ars 27 l'erobes 2015 menu settler^ UP* SS% Page 13 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0079295 CONFIDENTIAL SDNY_GM_00225479 EFTA01380765