Offer to buy shares a gesture especially to small shareholders; price is fixed.
MOL Group Spokesperson Szollar: ‘we deliver our promises to INA employees’

Following the announcement of the beginning of this month, today, on 14 December 2010, MOL Plc. made a general offer to buy INA shares in a Capital Market Announcement.

Following the announcement of the beginning of this month, today, on 14 December 2010, MOL Plc. made a general offer to buy INA shares in a Capital Market Announcement.

This initiative underlines MOL Group’s long term interest and full commitment in INA and Croatia and gives another opportunity to small shareholders to realize value of their INA share. After the voluntary takeover offer in 2008 many shareholders, most importantly the thousands of current and former INA employees left, who until now, due to the sharp decrease in the share price, could not sell their shares to MOL. MOL decided to grant another opportunity.

Domokos Szollár said: ‘We made a promise to INA employees back then that when we manage to get INA back on track, we would make another offer for their shares as a gesture. And this is not just about sale of shares but to put INA in good hands. In the recent years we proved that INA is on the right path, and the energy expert MOL as a strategic partner of Croatia can and will deliver the success for INA.’
The concerns that a stake higher than 50% would mean higher rights for MOL are unfounded. The rights of the Republic Croatia regarding INA will not change by any means. The Shareholders Agreement is in full force and ensures both parties’ rights firmly.

MOL Group spokesperson Domokos Szollar continued: ‘This is another opportunity for small shareholders of INA offering a bonus of more than 60% compared to the average share price at the time of publishing our decision on making an offer.’

Regarding speculations of higher offers from other sides, MOL points out, that the offered price is fixed. There is no space for playing games on the stock exchange, so we are not getting in a licit war. We made a transparent and clear offer which is equally available for all shareholders, and which is in line with HANFA’s requirements. This is our final offer.’

MOL Plc. should within a week contact the shareholders of INA through Central Depository and Clearing Company Inc. (CDCC) via post by providing them the instruction for acceptance of the General offer.
The offer can be accepted from 15 December 2010 until 14 January 2011. The term for payment of the price is 31 January 2011. The acceptance of the offer should be received by CDCC by the last day of the validity term.