Petrobras Distribuidora S.A. 2018 First Quarter Results — May 7, 2018 | CONFIDENTIAL

Disclaimer — ! This presentation may contain forward-looking statements. These forecasts only reflect expectations of the Company's managers regarding future economic conditions, as well as the Company's performance, financial performance and results, among others. The terms "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "objective", "should", and similar terms, which, of course, involve risks and uncertainties that may or may not be expected by the Company and therefore are not guarantees of future results of the Company and therefore the future results of the Company's operations may differ from current expectations and the reader should not rely exclusively in the information contained herein. The Company does not undertake to update the presentations and forecasts in the light of new information or its future developments. The values ​​reported for 2018 onwards are estimates or targets. The financial and operational information set out in this presentation is rounded off. The total amount is presented in the tables and graphs could therefore differ from the direct numerical aggregation of the preceding numbers. In addition, this presentation contains some financial indicators that are not recognized by BR GAAP or IFRS. These indicators do not have standardized meanings and may not be comparable to indicators with a similar description used by other companies. We provide these indicators because we use them as measures of company performance; they should not be considered in isolation or as a substitute for other financial metrics that have been disclosed in accordance with BR GAAP or IFRS.

1Q2018 Financial Highlights — Net profit (loss) R$ mm Adjusted EBITDA R$ mm +58.3% +19.5% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Adjusted EBITDA & Margin R$ / m3 Leverage Net debt/EBITDA (x) 3.6% 3.5% 3.3% 3.6% +20.6% -2.2x 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Source: Petrobras Distribuidora S.A.

1Q2018 Consolidated Figures — Retail Stations Major Costumers Aviation Others Sales Volumes Mm m3 Net Revenues R$ mm -2.2% +12.2% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Gross Profit R$ mm, R$ / m3, % Adjusted EBITDA & Margin R$ mm, R$ / m3, % 7.8% 7.4% 6.7% 3.8% 3.2% 3.4% 164 143 150 80 63 76 +2.4% +19.5% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Source: Petrobras Distribuidora S.A.

Retail Stations 1Q2018 Selected Numbers — Major Customers Aviation Others Sales Volumes Mm m3 Net Revenues R$ mm -1.1% +12.2% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Gross Profit R$ mm, R$ / m3, % Adjusted EBITDA & Margin R$ mm, R$ / m3, % 7.5% 7.3% 6.5% 4.9% 4.5% 4.0% 181 161 164 119 99 99 +0.9% -0.7% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Source: Petrobras Distribuidora S.A.

Major Customers 1Q2018 Selected Numbers — Retail Stations Major Customers Aviation Others Sales Volumes Mm m3 Net Revenues R$ mm -2.6% +10.9% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Gross Profit R$ mm, R$ / m3, % Adjusted EBITDA & Margin R$ mm, R$ / m3, % 7.1% 7.4% 5.7% 2.9% 2.7% 2.7% 151 149 129 62 55 61 -15.7% +7.8% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Source: Petrobras Distribuidora S.A.

Aviation 1Q2018 Selected Numbers — Retail Stations Major Customers Aviation Others Sales Volumes Mm m3 Net Revenues R$ mm +4.2% +21.6% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Gross Profit R$ mm, R$ / m3, % Adjusted EBITDA & Margin R$ mm, R$ / m3, % 11.1% 10.1% 9.9% 5.6% 3.0% 4.3% 221 181 208 112 55 91 +19.8% +73.1% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Source: Petrobras Distribuidora S.A.

Others 1Q2018 Selected Numbers (Chemicals, Energy & Asphalts) — Retail Stations Major Customers Aviation Others Sales Volumes Mm m3 Net Revenues R$ mm -10.7% +2.6% 4Q17 1Q17 1Q18 4Q17 1Q17 1Q18 Gross Profit R$ mm, R$ / m3, % Adjusted EBITDA & Margin R$ mm, R$ / m3, % 17.6% 15.1% 18.5% 9.4% 8.6% 12.7% 164 145 186 88 75 128 +26.4% +52.5% 4Q17 1Q17 1Q18 Source: Petrobras Distribuidora S.A.

Cash flows, indebtedness & leverage — Cash flows, indebtedness & leverage R$ mm, X LTM EBITDA Debt average term & cost Yrs, % CDI 1Q18 1Q17 Avg. Debt term (yrs) Avg. Cost of Debt (%CDI) Source: Petrobras Distribuidora S.A.

Petrobras Distribuidora S.A. — Rafael Grisolia Chief Financial Officer & Investor Relations Officer Luís Cláudio Bispo Investor Relations Manager website: br.com.br/ri E–mail: ri@br.com.br Phone: +55 21 2354-4015