MOL Hungarian Oil and Gas Plc. (“MOL“) hereby informs the capital market’s participants that on 14 March 2008, MOL signed agreements with ING Bank N.V. (registered seat: Amstelveenseweg 500, 1081 KL, Amsterdam, Netherlands, hereinafter ”ING N.V.”) regarding 1,404,217 MOL Series “A” Ordinary shares (“Shares“) purchased by ING N.V. from BNP Paribas S.A. (“BNP“), based on which MOL will receive an American call option for the Shares from ING N.V. and ING N.V. will receive a European put option for the Shares from MOL. The maturity for both options is 1 year and the exercise price is USD 109.83794 per share. Simultaneously, the American call option granted by BNP to MOL and the European put option granted by MOL to BNP in respect of the same number of MOL shares terminates.
