An anonymous director reports
MATERIAL FACT - PETRORIO HIRES MARKET MAKER
In compliance with CVM Instruction 384 as of March 17, 2003, Petro Rio SA has informed its shareholders and the market in general that Brasil Plural Corretora De Cambio, Titulos e Valores Mobiliarios SA, was hired to act as its market-maker from Dec. 8, 2016, onward on BM&FBOVESPA SA Securities, Commodities and Futures Exchange, aiming to increase the liquidity of the company's common shares. The contract is effective as of Nov. 18, 2016, for a period of three months ended on Feb. 18, 2017, with the possibility of being extended by common agreement between the parties.
The company also informs that 13,152,063 issued common shares are outstanding in the market and that it has not entered into any agreement with the market-maker regulating the exercise of voting rights or the purchase and sale of its securities.
The appointment of a market-maker reinforces Petro Rio's commitment to its investor base. For additional information, please contact Petro Rio's investor relations department.
About Petro Rio
Petro Rio is one of the largest independent companies in the oil and gas production in Brazil. It is the operator of the Polvo field, located in the Campos basin, which has Brazil's seventh-largest daily production of barrels of oil equivalent. The company's corporate culture seeks to increase production through the acquisition of new production assets, the re-exploration of assets, increased operational efficiency, and reduction of production costs and corporate expenses.
We seek Safe Harbor.
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