ÓLEO E GÁS PARTICIPAÇÕES S.A. - Em Recuperação Judicial CNPJ/MF: 07.957.093/0001-96 Public Company - BOVESPA: OGXP3 OGX PETRÓLEO E GÁS S.A. - Em Recuperação Judicial CNPJ/MF: 08.926.302/0001-05 Public Company - BOVESPA: OGSA3 - Conference Call - Settlement with certain Creditors - Rio de Janeiro, January 10th, 2017 - Óleo e Gás Participações S.A. - Em Recuperação Judicial ("OGpar") (Bovespa: OGXP3; OTC: OGXPY,PK) and OGX Petróleo e Gás S.A. - Em Recuperação Judicial ("OGX") (Bovespa: OGSA3; OTC: OXPRY) (together, "Companies"), inform the market, regarding the material fact released by the Companies on the hereby date, on January 11th, 2017 a conference call will be held to present the settlement signed with certain creditors. The webcast will also be available to the market through the Companies' investor relations website, via the following links: www.ogpar.com.br/ri or www.ogx.com.br/ri.

Find below the information to access the aforementioned conference call:

Date: January 11th, 2017

Time: 14:30 (Brasília Time) / 11:30 (Eastern time) Connection in Brazil: +55 (11) 2188-0155

Connection in USA: +1 646 843-6054

LEGAL NOTICE

This document contains Company-related statements and information that reflect the current vision and/or expectations the Company and its management have regarding its business plan. These include, among others, all forward-looking statements that involve forecasts and projections, indicate or imply results, performance or future achievements, and may contain words such as "believe," "foresee," "expect," "consider," "is likely to result in" or other words or expressions of similar meaning. Such statements are subject to a series of expressive risks, uncertainty and premises. Please be advised that several important factors can cause the actual results to diverge materially from the plans, objectives, expectations, estimations, and intentions expressed in this document, In no event shall the Company or the members of

its board, directors, assigns or employees be liable to any third party (including investors) for investment decisions or acts or business carried out based on the information and statements that appear in this presentation, or for indirect damage, lost profit or related issues. The Company does not intend to provide to potential shareholders with a revision of the statements or an analysis of the differences between the statements and the actual results. Each investor must conduct and rely on its own evaluation, including of the associated risks, in making an investment decision.

OGpar / OGX Contacts Investors:

Márcia Mainenti Victor Rosenzvaig ri@ogpar.com.br

+55 21 3916-4545

Media:

Cibele Flores Cibele.flores@ogpar.com.br

+55 21 3916-4505

OGX Petróleo e Gás Participações SA published this content on 10 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 January 2017 00:33:06 UTC.

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