Amendment of the share option agreement between MOL and UniCredit Bank A.G.

MOL Hungarian Oil and Gas Public Limited Company (“MOL“) hereby informs the capital market’s participants that MOL has entered into an amendment of the share option agreement concluded on 8 February 2011 with UniCredit Bank A.G. (”UniCredit”). The strike price for both the call and the put options under the share option agreement following the amendment is EUR 86.71535 per share.

Other terms of the share option agreement have remained unchanged. UniCredit continues to own a total number of 2,914,692 MOL Series “A” Ordinary shares.

MOL continues to own 4,520,045 MOL Series "A" and 578 MOL Series "C" Ordinary shares.

For further information, please contact:

Investor Relations                    + 36 1 464 1395
facsimile:                        + 36 1 464 1335