Share transaction between MOL Plc. and Hungarian Privatisation and State Holding Company (APV Zrt.) executed

MOL Hungarian Oil and Gas Public Limited Company hereby announces that in accordance with its announcement made on 9 May 2006, by exercising its option right it purchased 10,898,525 "A" series MOL ordinary shares from APV Zrt. in a stock exchange transaction on 29 May 2006 with ING Bank acting as investment service provider.

The purchase price was the weighted average stock exchange price of MOL shares for 90 trading days prior to 8 May 2006, equalling HUF 21,760.41.

Following the settlement of the stock exchange transaction (30 May 2006) MOL will have 10,898,525 "A" series and 578 "C" series MOL shares. At the same time the influence of APV Zrt. will decrease from 11.74% (12,792,002) to 1.93% (1,893,477).