INA’s announcement about its Syrian operation

MOL Plc. hereby informs the capital market participants that INA, d.d. made a Stock Exchange announcement today about its Syrian operation.

Due to the developments in Syria, INA reduced the crude oil and natural gas production for approximately 1.3 thousand of boe/day in addition to the already announced crude oil production decrease of 1.5 thousand bbl per day in September.

On November 14, 2011, INA announced that the developments in Syria in respect of EU restrictive measures against Syria could have a negative effect on the company's overall profitability and operations. Additionally, INA experienced and is still experiencing difficulties in collection of receivables from the Syrian partner for its share of hydrocarbon production.

The extension of the scope of EU sanctions by the EU Council implementing Decision of 1 December 2011 and also the increasing political instability in Syria effect INA’s Syrian operations.

Further information is available on INA website: www.ina.hr

For further information, please contact:
Investor Relations       + 36 1 464 1395
facsimile:                   + 36 1 464 1335