MOL's Board of Directors has decided on the dividend payment date

MOL Hungarian Oil and Gas Company hereby informs capital market participants, that MOL’s Board of Directors has set the starting day of dividend payment at the 14th of June 2005. Accordingly, the record date will be the 7th of June 2005. The Company will inform shareholders on the exact amount of dividend per share and the terms of payment in a separate dividend payment announcement by the 31st of May 2005.