Treasury share transaction

MOL Hungarian Oil and Gas Public Limited Company sold 6,007,479 A Series Ordinary Shares of MOL to Magnolia Finance Limited at a price of HUF 20,515 per share on March 20 2006, in the Budapest Stock Exchange, according to the announcement in March 14 2006. The broker for the stock exchange transactions was ING Bank (Hungary) Rt. After the settlement MOL will have 1,404,217 A Series Ordinary Shares and 578 C Series Ordinary Shares both held in treasury.

Pursuant to Section 67 of the Hungarian Capital Markets Act of 2001, Magnolia has announced that after the settlement it will acquire 5.58 % of influence in MOL.