Slovnaft received fine from the Slovak Finance Minister

MOL Hungarian Oil and Gas Public Limited Company hereby announces that on 27 September 2005 Slovnaft, a.s., a member of the MOL Group, received the final decision of the Slovak Finance Minister, imposing a fine of SKK 1.34 billion on Slovnaft, for a breach of the price discipline contemplated by the Slovak Price Act No. 18/1996 Coll. as later amended.

MOL and Slovnaft are of the firm opinion that the decision is not in line with either the Slovak laws or the international practice, therefore they will seek legal remedy against the decision both within Slovakia and before international forums.