Pursuant to Rule 13a-16 or 15d-16 of the
20035-900 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
PETRÓLEO BRASILEIRO
S.A. - PETROBRAS
Public
Company
PRESS RELEASE
Distribution of Interest on Own Capital
The amount of R$ 3,290 million to be distributed, corresponding to a gross value of R$ 3.00 per common and preferred shares, and is being accrued in our Financial Statements on September 30, 2003 and will be disbursed until February 13, 2004, based on the shareholding position as of November 25, 2003. The shares will be negotiated ex-interest on capital from November 26, 2003 on. These interest on capital are to be offset against the remuneration payable at the end of the 2003 fiscal year and will be subjected to income tax of 15% (fifteen per cent) withheld at source except in the case of shareholders who are exempt.
Rio de Janeiro,
November 13, 2003.
PETRÓLEO BRASILEIRO
S.A. - PETROBRAS
José Sergio Gabrielli
de Azevedo
CFO and Investor Relations
Director
http: //www.petrobras.com.br/ri/english
Contacts:
Petróleo Brasileiro
S.A – PETROBRAS
Investor Relations Department
Luciana
Bastos de Freitas Rachid – Executive Manager
E-mail:
petroinvest@petrobras.com.br
Av. República do
Chile, 65 - 4th floor
20031-912 – Rio de
Janeiro, RJ
(55-21) 2534-1510 / 2534-9947
This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
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PETRÓLEO BRASILEIRO
S.A--PETROBRAS | ||
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By: |
/S/ José Sergio Gabrielli de Azevedo
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José Sergio Gabrielli de Azevedo
Chief Financial
Officer and Investor Relations Director
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.