Closure of the purchase of Tifon, a fuel retail and wholesale company in Croatia

MOL Hungarian Oil and Gas Plc. hereby announces that on 31 October 2007 the purchase of 100% of Tifon was closed. Tifon currently owns and operates 36 well positioned fuel stations in Croatia. In addition, the company has more than 20 premium site development projects under implementation. The company will be fully consolidated from the fourth quarter in the financial statements of MOL Group.