13/12/2007

MOL standpoint on Hungarian Financial Supervisory Authority’s resolution

MOL Hungarian Oil and Gas Plc. hereby informs the capital market participants, that it received the Hungarian Financial Supervisory Authority’s resolution, according to which the Authority ordered the Company to pay a HUF 5,000,000 fine for the breach of certain rules pertaining to the publication of insider information, and a HUF 43,000,000 fine for the breach of rules pertaining to the prohibition of insider trading.

MOL disagrees with the Hungarian Financial Supervisory Authority’s resolution, in MOL’s opinion the Company complied with the laws, thus, the Company shell initiate court revision of the resolution.