Organisational change at MOL Group

MOL Hungarian Oil and Gas Company hereby announces that, from 10 April 2006, a new  division called Corporate Centre will be set up to include the following functions: Management Services, Human Resources, Security and Protection, and Internal Audit. The Board of Directors of MOL appointed Mr. József Simola as Director of the Corporate Centre, an executive position, as of 7 April 2006. Mr. József Simola holds 6760 “A” Series MOL shares and 24 Convertible bonds.