MOL appealed against the decision of European Commission issued on June 9, 2010

European Commission has concluded that a 2005 agreement between the Hungarian Government and MOL, in combination with an amendment, in 2008, to the Hungarian Mining Act, conferred a financial advantage on the company that cannot be exempted under EU state aid rules. By its decision issued on June 9, 2010, the Commission requested the Hungarian Government to recover the aid, considered as unjustified, calculated at HUF 30.3 bn plus interest. MOL has received the official notification on July 29, 2010.

MOL has recorded a provision of HUF 35.8 bn (including estimated interest) in its financial statements of the first half year of 2010, which amount was already paid during the third quarter of 2010, since the payment obligation stands regardless of the appeal. MOL appealed against the decision to the General Court of the European Union.

For further information, please contact:

Investor Relations          + 36 1 464 1395
facsimile:                      + 36 1 464 1335
MOL Communication       + 36 1 464 1351