As explained in the attached letter from MOL’s legal counsel to RiskMetrics/ISS (“RiskMetrics”), MOL disputes the purported factual bases for a number of RiskMetrics’ voting recommendations contained in RiskMetrics’ Proxy Alert relating to MOL’s April 23, 2008 AGM. MOL is particularly concerned that a number of the factual errors relate to OMV’s overtures regarding a potential takeover of MOL and is further concerned that OMV is now citing and widely circulating the RiskMetrics Proxy Alert in support of OMV’s position , since its content is able to mislead investors.
MOL’s requests that RiskMetrics correct the errors in its Proxy Alert have already resulted in a reissue of the Alert on April 10 with several corrections, however, further modifications were requested by MOL on April 19. .
MOL believes that RiskMetrics’ analysis with its current content is biased toward OMV and inconsistent with RiskMetrics’s fiduciary obligations to its clients and the provision of independent and objective analysis that MOL shareholders deserve.