Announcement

MOL hereby informs the capital market participants that MOL and CEZ have agreed to modify the conditions of the option structure regarding the shareholding of CEZ in MOL. In December 2007, within their strategic alliance, CEZ purchased 7,677,285 series "A" MOL shares from MOL and sold a call option to MOL with a strike price of the EUR equivalent of HUF 20,000 per share, exercisable at any time until January 2011. On 9 October 2009 the parties agreed to terminate the original option agreement with immediate effect and signed a new call option agreement for 7,677,285 series "A" MOL shares, exercisable at any time until 23 January 2014. The new call option has the same strike price as the previous one, the option fee will be a variable fee determined twice a year in line with the actual capital market conditions."