Mr. Ricardo Dourado reports

MATERIAL FACT - HRT HAS PAID CREDIT SUISSE LOAN

HRT Participacoes em Petroleo SA's wholly owned subsidiary, HRT O&G Exploracao e Producao de Petroleo Ltda., in compliance with the provision of CVM Instruction 358/02, paid on Feb. 21, 2014, the balance of the loan with Credit Suisse, which was contracted in May, 2013, to acquire a 60-per-cent participating interest in the Polvo field in the Campos basin.

The original loan amount was $75-million (U.S.). The first payment, in the amount of $40-million (U.S.), was made on Oct. 15, 2013. The remaining balance was to be paid in five quarterly instalments from April, 2014, however the company decided to make the prepayment of debt in order to release a set of guarantees and relevant obligations under the loan agreement.

Thus, as of this date, HRT has no obligation resulting from loans or financing facilities.

We seek Safe Harbor.