HRT Participações em Petróleo S. A announced that, at the board of directors meeting held on April 22, 2014, it was resolved to cease the existence of
the position of Chief Technical Officer at HRT, currently held by Mr. Nilo Chagas de Azambuja Filho. Through this resolution, from May 1, 2014 on, the positions held by Nilo Azambuja as President of the wholly-owned subsidiary, HRT O&G Exploração e Produção de Petróleo Ltda., and the supervision of the Exploration and Production technical departments will be accumulated by the CEO of HRT, Milton Romeu Franke.