Announcement

MOL Hungarian Oil and Gas Public Limited Company (headquarter: H-1117, Budapest, Október huszonharmadika u. 18., Hungary, registered by the Budapest Metropolitan Court as Court of Registration, company’s registration number: 01-10-041683; the „Issuer”) launched a bond programme (the „Bond programme”) with a maximum amount of HUF 100,000,000,000 (one hundred billion Hungarian Forints) for calendar years 2010-2011. The Hungarian Financial Supervisory Authority (HFSA) approved the publication of the base prospectus (the „Prospectus”) dated 2 August 2010 with its resolution no. EN-III/TTE-310/2010 of 5 August 2010. Within the framework of the Bond programme the Issuer intends to sell dematerialized, registered bonds via public offerings during the 12-month period after the publication of the Prospectus. Within the framework of the Bond programme the aggregate par value of the issued and outstanding bonds shall not exceed HUF 100,000,000,000 or its equivalent in foreign currency. Under the effectiveness of the Bond programme the Issuer may issue bonds which are denominated in any of the following currencies: HUF, EUR, JPY, USD, CHF, PLZ, HRK, CZK, RON and RUB. The Prospectus was announced and it is available on the home pages of the Issuer (www.mol.hu), OTP Bank Plc (www.otp.hu) and K&H Bank Ltd, as joint lead managers (www.khb.hu), on the home page of the Budapest Stock Exchange (www.bet.hu) and on the page www.kozzetetelek.hu operated by the HFSA. The printed version of the Prospectus may be requested during workdays, within working hours at the points of distribution.

The aim of the Bond programme is the further diversification of MOL’s funding sources. As the first part of this programme MOL intends to issue Hungarian Forint bonds, which have a nominal value of minimum HUF 2 billion, with annual coupon payment of 6% and 18 month maturity, via public offering between 27 September and 22 October, 2010. The nominal value of the bond is HUF 10,000 and the minimal amount to be subscribed is HUF 100,000.* The Final Terms of the offering will be publicly available from September 24, 2010 on the above mentioned publication homepages.

* The information provided in this announcement is non-exhaustive and has been announced solely for informational purposes, is not intended as public offer or an invitation for bid or investment advise. MOL Plc., OTP Bank Plc. and K&H Bank Ltd. reserve the right to change the terms.

For further information, please contact:

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

Downloadable documents: 

MOL100923ER03H.pdf

MOL100923ER04H.pdf