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This is a known bug in OBIEE. Refer to :
BUG:7369585 - SUPPORT OF HTML TAGS IN PRINT TO PDF (NARRATIVE VIEW, DASHBOARD TEXT OBJECT)
BUG:7476622 - HTML TO PDF NARRATIVE AND OTHER FORMATTING DIFFERS
BUG:8787191 - NARRATIVE DOES NOT DISPLAY CORRECT FONT SIZE AND CENTER IN PDF
BUG:9372634 - HTML TAGS SHOWN WHEN PRINT/EXPORT TO PDF
NOTE:749246.1 - OBIEE 10g: When a Report is Downloaded to PDF Format it Shows the Embedded HTML Option Tag Values in the Report.
BUG:12826562 - HTML TAGS AND CODE USED IN COLUMN FORMULA ARE VISIBLE IN REPORT PDF
BUG:5747757 - NARRATIVE VIEW IN PDF DOES NOT KEEP FORMAT
The workaround is to print the report to Excel or HTML.