Personal change in MOL

MOL Hungarian Oil and Gas Public Limited Company hereby announces that as of August 1, 2006 Slavomir Jankovic, Retail Services Division Managing Director will continue his services as the special advisor to the Slovnaft CEO.

As of January 1, 2007 László Geszti will be appointed to the position of the Retail Services Division Managing Director. László Geszti is presently delegated to INA (Croatia), our strategic partner as Vice President of the Board of Directors and CFO. In MOL Group, László Geszti formerly held the position of Managing Director of MOL Group Refining and Marketing Division.

In the meantime, György Mosonyi, Group CEO will directly supervise the Retail Services Division.