Organisational and personal change in MOL

MOL Hungarian Oil and Gas Public Limited Company hereby announces that Lajos Alács will be appointed to the position of Strategy and Business Development, Executive Vice President as a successor of Michel-Marc Delcommune. From 1992 to 2000 Mr Alács was the director of MOLTRADE-Mineralimpex Plc., following he joined MOL and in 2004 he became the head of Commercial Department in the Refining and Marketing Division. As of 1 July 2006 his position at MOL reached an executive level. On 30 June 2006 he had 4,999 "A" series MOL shares and 15 MOL convertible bonds. Michel-Marc Delcommune continues his work as an advisor of the Chairman and CEO at the same time he remains the member of the Board of Directors at MOL and TVK.

The company also announces that following the sale of the gas wholesale, marketing, trading and storage businesses Sándor Fasimon, former head of the Gas business continues his work as country chairman of Russia and CIS as of 1 July 2006. In his new position he will not be considered as senior manager of MOL Plc.