OREANDA-NEWS. October 8, 2012. HRT Participafoes em Petroleo S.A. (tine “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces tliat at its Extraordinary General Shareholders’ Meeting, held today, the following members of the Board of Directors were elected:

Charles Lagana Putz

(independent member)

Elia Ndevanjema Shikongo

(independent member)

Joseph P. Ash II

(independent member)

Milton Romeu Franke

(HRT O&G CEO)

Peter L. O’Brien

(independent member)

Thomas W. Ebbern

(independent member)

Wagner Elias Peres

(HRT America CEO)

As a result, the Board of Directors now comprises 11 members, namely Carlos Thadeu de Freitas Gomes, Charles Lagana Putz, Elia Ndevanjema Shikongo, John Anderson Willott, Joseph P. Ash II, Marcio Rocha Mello, Milton Romeu Franke, Peter L. O’Brien, Thomas W. Ebbern, Wagner Elias Peres e Willian Lawrence Fisher.

It is worth noting that the number of independent members increases from 3 to 8, reinforcing the Company's commitment to corporate governance best practices and reaffirming its long term commitment to the capital market, based on reliability, transparency and equality, which have always marked its relationship with investors.

For further information, please contact HRT's Investor Relations Department.