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Friday, 07/01/2016 7:35:59 PM

Friday, July 01, 2016 7:35:59 PM

Post# of 5825
GDS now are only 6.01%

NEWS RELEASE

UPDATED NUMBER OF GLOBAL DEPOSITARY SHARES OUTSTANDING

Rio de Janeiro, July 1st, 2016 – Petro Rio S.A. (“PetroRio” or the “Company”)

(BM&FBOVESPA: PRIO3, TSX-V: PRJ), announces that the records of the TSX Venture Exchange (the “TSX-V”) have been updated to reflect the number of PetroRio’s Global Depositary Shares (“GDS”) currently outstanding. On July 1st, 2016, there were 792,794 GDS outstanding (each representing 1/2 of an interest in a common share of PetroRio). Further details regarding the GDS can be found in the Company’s annual information form.

For further information, please contact PetroRio’s Investor Relations Department.

http://ri.petroriosa.com.br/download_arquivos.asp?id_arquivo=2AB4B751-021A-4990-ADD1-2129DE7A5A2B

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