17/09/2007

Change in the share ownership of senior executives

MOL Hungarian Oil and Gas Plc. and the insider persons concerned hereby announce that on 17 September 2007, 194 convertible bonds were converted into 345,126 shares and allocated to the participants, in accordance with the convertible bond programme as approved by the Extraordinary General Meeting of MOL held on 1 September 2003. On 17 September 2007, the shares were also listed on the Budapest Stock Exchange.

The share and the bond ownership and of the senior executives changed as follows:

Name

Position

Bond ownership after the share allocation

Share ownership after the share allocation

Zsolt Hernádi

Chairman-CEO

26

132,697

Dr Sándor Csányi

Vice chairman

7

24,906

György Mosonyi

CEO

18

74,398

Michel-Marc Delcommune

Member of the BoD

10

45,458

László Akar

Member of the BoD

5

25,251

Dr. Miklós Dobák

Member of the BoD

6

25,906

dr. Gábor Horváth

Member of the BoD

5

18,145

Dr. Ernő Kemenes

Member of the BoD

5

17,158

Iain Paterson

Member of the BoD

5

14,895

Mrs. Kálmán Simóka PhD

Member of the BoD

5

17,290

József Molnár

Executive Vice President

13

34,984

Lajos Alács

Executive Vice President

5

15,673

Zoltán Áldott

Executive Vice President

13

63,127

László Geszti

Executive Vice President

6

10,682

Ferenc Horváth

Executive Vice President

13

34,937

József Simola

Executive Vice President

8

17,078