| MATERIAL FACT HRT APPOINTS NEW CEO
Rio de Janeiro, May 13, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) is pleased to announce the appointment of Milton Romeu Franke as Chief Executive Officer ("CEO") of the Company effective immediately and in accordance with such unanimous decision of the Board of Directors of the Company. Milton Romeu Franke joined HRT in 2009 and has served on the Company's Board of Officers with lead responsibility for Engineering, Drilling and Production. During his extensive and prominent career in the energy industry, Mr. Franke worked at Petrobras for 26 years, during which he held senior responsibility for corporate planning, engineering, and research functions, among others. Mr. Franke also provided energy consulting services for ten years together with Booz, Allen & Hamilton, a leading global management consulting firm, and also worked at Brazil's licensing agency, ANP. John Willott, Chairman of HRT's Board of Directors and formerly VP for Exploration at ExxonMobil, commented,"Milton's vast experience in the industry, his familiarity with HRT, and the respect he commands as a thoughtful and diligent professional will enable him to provide stability and leadership at this important stage of the Company's development. On behalf of the Board of Directors, I congratulate Milton on his appointment to CEO and look forward to working closely with him to deliver HRT's full potential." Milton Franke added, "HRT's portfolio and people provide a strong foundation for the Company to develop into a leading international E&P player, and 2013 will be a defining year for all of us. I am honored to have been asked by the Board to lead the management team at such an important juncture, and we will continue to focus on improving execution of the great opportunity set we have." HRT also announced today that Wagner Peres, President of HRT America, had informed the Board of his decision to leave from his management role effective on May 10th, 2013. Mr. Peres will continue to provide oversight and contribute to the Company's future development as a member of the Board of Directors. The Company expects to identify and announce a replacement to assume Mr. Peres' responsibilities in HRT America soon. Click here for the Material Fact. For further information, please contact the Investor Relations Department. About HRT
HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises eight main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc., Air Amazonia Serviços Aéreos Ltda. and HRT Canada Inc.. The Company retains a 55% interest in 21 exploratory blocks in the Solimões Basin. HRT also operates ten exploratory blocks off the Namibian coast: eight blocks in the Orange Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life. For more information, please visit the Company's website: www.hrt.com.br/ir |