Personnel and organizational changes in MOL Plc.

The Strategy and Business Development department of MOL Group will be separated into two departments as of 15 June 2008. The Strategy Development department will report to the Group Chief Executive Officer while the Corporate Business Development Department will report to the Chairman and Chief Executive Officer. At the same time, in line with our strategy and the strategic partnership with CEZ a Gas and Power division will be also established.

Lajos Alács will be responsible for the Gas and Power divison from 15 June 2008. Mr Alács has worked as Strategy and Business Development Executive Vice President since 1 July 2006. His new position qualifies as senior executive position according to the Securities Act. 

Ábel Galácz will be responsible for the Corporate Business Development department from 15 June 2008. Mr Galácz has worked for MOL since 2000, currently as advisor for the Chairman. 

László Varró will be responsible for the Strategy Development department from 15 June 2008. Mr Varró has worked as chief economist since 2005.

The new organisational structure supports the activity of the divisions through the closer cooperation between the strategy and the businesses thus contributing to achieving the strategic targets of the Group.