CVM Securities and Exchange Commission of Brazil

Protecting those who invest in Brazil's future

CIRCULAR LETTER/CVM/SMI No. 001/09

São Paulo, March 13, 2009.

To
Directors Responsible for compliance with CVM Instruction No. 387/03

Subject: Request for information

Dear Directors,

1. We refer to the events preceding the disclosure by Petróleo Brasileiro S.A. – PETROBRAS of the Management Analysis Report and the Financial Market Report – RMF for the 4th Quarter and Fiscal Year of 2008, which occurred on March 6, 2009, between 20:50 and 20:54.

2. In view of information published in specialized media regarding the leak of a preliminary version of the aforementioned reports, I determine, based on Article 9, item II, of Law No. 6.385/76, the forwarding of correspondence to this CVM informing whether the institution, any employee, or collaborator of these institutions, had access to the cited report before its disclosure to the market, as well as the name and/or email of the natural or legal person who forwarded such information.

3. All institutions must respond negatively or positively to this Circular Letter, attaching, where applicable, copies of the documents or messages received. The requested information must be sent to the CVM by March 18, 2009, to this Autarchy's office in São Paulo, located at Rua Cincinato Braga, 340 – 2nd floor – Bela Vista – CEP 01333-010, or alternatively, to our fax (11) 2146-2025. We are available for any clarifications via the phones (11) 2146-2005, (11) 2146-2014, or (11) 2146-2015.

4. We inform, for all legal purposes, that failure to comply with this determination will result in the imposition of a daily fine in the amount of R$ 1,000.00 (one thousand reais), as provided in paragraph 11 of Article 11 of Law No. 6.385, of December 7, 1976, regulated by CVM Instruction No. 452, of April 30, 2007, without prejudice to the characterization of obstruction of supervision under CVM Instruction No. 18, of November 17, 1981.

5. We also alert that an appeal against this determination may be filed with the collegiate body, as established in Article 7 of CVM Instruction No. 452 of April 30, 2007.

Sincerely,

WALDIR DE JESUS NOBRE
Superintendent of Market Relations and Intermediaries

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Headquarters: Rua Sete de Setembro, 111 / 2nd Floor - Center - Rio de Janeiro - RJ - CEP: 20050-901 - Brazil Tel.: (21) 32338686 - http://www.cvm.gov.br São Paulo Regional Superintendence: Rua Cincinato Braga, 340 - 2nd, 3rd and 4th floors - CEP 01333-010 - Bela Vista - São Paulo - SP - Brazil - Tel.: (11) 21462000 Brasília Regional Superintendence: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center - S-404 - 4th Floor - CEP 70712-900 - Brasília - DF - Brazil - Tel.: (61) 33272030/33272031