25/02/2005

Purchase of treasury shares

MOL Hungarian Oil and Gas Company hereby announces that, through the exercise of its pre-emption rights, today it purchased 270,000 "A" series MOL shares on the Budapest Stock Exchange from the Slovintegra-Slovbena shareholder group at HUF 13,390 each, with the assistance of ING Bank (Hungary) Rt., as investment service provider. Following this transaction MOL owns 5,601,939 "A" series and 369 "C" series ordinary shares.