The Court of Registration has registered the capital increase of MOL

MOL Hungarian Oil and Gas Plc. hereby announces that on 10 September 2007 the Court of Registration registered the capital increase of MOL, which was decided by the Board of Directors at its meeting held on 5 September 2007. The share capital of the company increased from HUF 109,330,376,578 to HUF 109,675,502,578.

The capital increase was made as part of the convertible bond programme approved by the EGM held on 1 September 2003. The approved incentive scheme links a significant part of the compensation of the members of the Board of Directors and senior managers to the development of the price of MOL shares on the stock exchange. Within the framework of the programme, MOL issued a total of 1,200 convertible bonds with a par value of HUF 10 million each. Bond holders submitted 194 bonds for conversion, therefore 345,126 pieces "A" series, ordinary, dematerialized shares, each with a nominal value of HUF 1,000, with identical right, will be allocated to them.

The expected day of the listing of the shares is 17 September 2007.