Petro Rio S.A. ADR fka HRPTY

[garyadam]

I spoke with Investor Relations on Friday to clarify voting rights for HRTPY shareholders.

HRTPY shares can only vote the GDR shares through the paperwork that flows through Deutsch Bank. We can vote FOR, AGAINST or ABSTAIN for anything listed on the ballot.

Our HRTPY shares can not be voted in person at a meeting or by assigning our shares through a proxy.

I am told the above is true for all ADR and GDR shares in any company, not just HRT.

There is an attempt at negotiations to reduce the annual fee of 1.8 cents per share levied by Deutsch Bank annually in May or June. This fee is part of a six year contract between HRT and Deutsch Bank and was agreed to at a time when a $.14 - $.25 share price was not imagined.

HRTPY shareholders are definitely SECOND CLASS citizens.

The best to all shareholders.

Gary Adams