MOL-E.ON Ruhrgas International closed gas business transaction

MOL Hungarian Oil and Gas Company hereby announces that the sale of 100% stake of MOL Natural Gas Supply Plc. and MOL Natural Gas Storage Plc. to E.ON Ruhrgas International was closed on 31 March 2006. Final conditions of the transaction are identical with those announced on 13 January 2006. 

In line with the announced 2006-2010 strategy MOL intends to utilise the capital released from the gas midstream businesses, in its key upstream and downstream business segments, on value creating investments to support the continued growth of the Group.