MOL signs a EUR 825 million revolving facility agreement

On Tuesday 25th July, 2006 MOL Hungarian Oil and Gas Plc. signed a new EUR 825 million multi-currency revolving facility agreement with a syndicate of international banks. The facility amount was significantly oversubscribed in syndication, and MOL decided to increase the Facility by 10% from its launch amount to EUR 825 million and the syndicate commitments have been scaled back accordingly. The new syndicated loan facility is the ever largest euroloan transaction with the ever best terms for MOL which clearly shows the success of the company's strategy in the region and the high level of support of MOL's relationship banks.

The EUR 825 million commercial bank facility has a maturity of 5+1+1 years with bullet repayment and carries an interest rate of EURIBOR plus 18 basis points out of the box, subject to a margin grid based on the ratio of Net Debt to EBITDA . The proceeds of the facility will be used for general corporate purposes and to refinance MOL's EUR 600 million revolving facility signed in 2003.

Bookrunners:

Barclays Capital

Calyon

Mandated Lead Arrangers:

The Bank of Tokyo-Mitsubishi UFJ, Limited

Barclays Bank PLC

BNP Paribas

Calyon

ING Bank N.V.

KBC Bank N.V.

Lead-Arrangers:

BayernLB

Citibank N.A.

Deutsche Bank Luxembourg S.A.

Fortis Bank (Nederland) N.V.

HVB Bank Hungary Zrt

Morgan Stanley

The Royal Bank of Scotland plc

Raiffeisen Bank Zrt

Société Générale

UBS Limited

Všeobecná úverová banca a.s.

Arrangers:

SANPAOLO IMI SpA

Lead Managers:

DZ BANK AG