Rafael Procaci Da Cunha

He holds a degree in Economics from the Federal University of Rio de Janeiro – UFRJ and an MBA in business management from the Darden Graduate School of Business Administration at the University of Virginia – USA. He also attended the post-graduation course “Emerging CFO Program: Strategic Financial Leadership Program” from Stanford Graduate School of Business, Stanford University, USA. He is certified by the IBGC Councilor Certification Program (CCI) in Corporate Governance by the Brazilian Institute of Corporate Governance (IBCG). Began his career as an investment analyst in a private equity fund managed by Banco Opportunity, where he participated in several projects in the infrastructure sector, having actively participated in the negotiations with Petrobras that gave rise to the Production Agreement and the Company. He has been an officer of the Company since October 2003.

Mr. Rafael Procaci da Cunha declared for all legal purposes that, in the last 5 years, he was not subject to the effects of any criminal conviction, any conviction or application of penalty in administrative proceedings before CVM (Securities and Exchange Commission) or any final and unappealable conviction, in the judicial or administrative scope, which would have the effect of suspending or disqualifying him from practicing any professional or commercial activity. Additionally, Mr. Rafael Procaci da Cunha declares that he is not considered a Politically Exposed Person under the terms of applicable regulations.