Change in influence in MOL

Pursuant to the Capital Market Act 2001. CXX MOL Hungarian Oil and Gas Company hereby informs the capital market on the following change in shareholder influence.

As a consequence of the change in the GDR depositary bank, on 9 January 2006, the former depositary, JPMorgan Chase Bank’s influence decreased from 14.02% (14,242,620 shares) to 0%. At the same time the influence of the new GDR depositary, The Bank of New York increased from 0.01% (15.000 shares) to 14.04% (14.257.620 shares). The Bank of New York acts as the issuer of the depositary receipt (secondary securities based on MOL shares) and therefore exercises ownership rights for the beneficial owner of the GDR’s.