Ms. Tainah Costa reports

CHANGES IN PETRORIO'S MANAGEMENT

At a board of directors meeting of PetroRio (1), the new brand of HRT Participacoes em Petroleo SA, held on this date, the board members were informed of the resignations of Ricardo Bottas Dourado from the position of chief financial officer, and Eduardo Laranjeira Jacome from the position of organizational management and investor relations officer. During this same meeting, the board members unanimously approved the appointment of Guilherme Marques to fill the position of chief financial and investor relations officer.

Effective Feb. 1, 2015, Mr. Marques will assume the responsibilities of his position, and his term in office will be unified with the other executive officers, which runs until May 10, 2015. The company's executive board will now be composed of the following members: Milton Franke, chief executive officer; Mr. Marques, chief financial and investor relations officer; Ricardo Wagner, chief legal officer; and Jose Carlos Pedrosa, business development officer.

The organizational changes reinforce the alignment of PetroRio's management with the strategy that has been rigorously implemented, and that prioritizes production increases through production asset acquisitions, reduced production costs and corporate expenses, the elimination of exploration risks, and the creation of value for shareholders.

(1) The company's corporate name will remain HRT Participacoes em Petroleo SA until the new name is proposed by management for shareholder approval at the next shareholders meeting. The company's shares and global depositary shares (GDS) will continue to be traded under the tickers HRTP3 on the BM&F Bovespa and HRP on the TSX Venture Exchange until the new corporate name is approved, and the request to change the tickers is authorized by the BM&F Bovespa, and the Brazilian Securities and Exchange Commission (CVM). The company will keep its shareholders and the market in general informed of the progress of this process.

We seek Safe Harbor.