MOL has acquired an ownership in the MSZKSZ Zrt.

MOL Plc. hereby announces that on 3 January 2007 it acquired 62% ownership in the MSZKSZ Zrt., which was established by the Hungarian Hydrocarbon Stockpiling Association (MSZKSZ) to develop a strategic gas storage facility with 1.2 bn m3 capacity.

The planned gas storage facility will be developed from a producing gas field (Szőreg-1 field). The necessary capital expenditure is HUF 150 bn, which includes the HUF 65 bn purchase price of the field which is sold by MOL to MSZKSZ. The development is expected to be completed by 2010. The Szőreg-1 field has 2.4 bn m3 cushion gas. In 2006 the production of the field exceeded 450 mn m3 gas and 32 thousand tonnes crude oil. The cash flow not earned from the production will be fully compensated by the purchase price.

The planned investment fits well to MOL’s strategy, the return on the investment is in line with MOL’s targeted return.