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13.04.2018 – 11:08

OMV Aktiengesellschaft

EANS-Public Payment: OMV Aktiengesellschaft
Report on payment to government agencies according to art. 128 Stock Exchange Act

  Public Payment transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

Consolidated Report on the Payments Made to Governments
Section 267c of the Austrian Commercial Code

Section 267c of the Austrian Commercial Code (UGB) requires that large
undertakings and public interest entities that are active in the extractive
industry or logging of primary forests prepare the following consolidated report
on payments to governments. This section implements Chapter 10 of EU Accounting
Directive (2013/34/EU). The "Basis of preparation" paragraph provides
information to the reader about the contents of the report. This also includes
information on the type of payment for which disclosure is required and how OMV
has implemented the regulations in the preparation of the report.

Basis of preparation

Reporting entities
Under the requirements of the regulation, OMV Aktiengesellschaft is required to
prepare a consolidated report covering payments made to governments for each
financial year in relation to extractive activities by itself and any subsidiary
undertakings included in the consolidated Group financial statements.

Activities within the scope of the report
Payments made by the OMV Group (hereafter OMV)to governments that arose from
exploration, prospection, discovery, development and extraction of minerals,
oils and natural gas deposits or other materials within extractive activities
are presented in this report.

A "government" is defined as any national, regional or local authority of a
country and includes a department agency or entity undertaking that is
controlled by the government authority and includes national oil companies.

In cases where a state-owned entity engages in activities outside of its
designated home jurisdiction,then it is not deemed to be a reportable
governmental body for these purposes and thus payments made to such an entity in
these circumstances are not reportable.

Project definition
The regulation also requires payments to be reported on a "project" basis as
well as on a government and governmental body basis. A project is defined as the
operational activities that are governed by a single contract, license, lease,
concession or similar legal agreement and form the basis for payment liabilities
to the government. Where these agreements as per the aforementioned definition
are substantially interconnected, these agreements are treated for the purpose
of these regulations as a single project.

"Substantially interconnected" is defined as a set of operationally and
geographically integrated contracts, licenses, leases or concessions or related
agreements with substantially similar terms that are signed with a government,
giving rise to paymentl iabilities. Such agreements can be governed by a single
contract, joint venture agreement, production sharing agreement or other
overarching legal agreement.

There may be instances - for example, corporate income taxes, where it is not
possible to attribute the payment to a single project and therefore these
payments are shown at the country level.

Cash and payments in kind
In accordance with the regulation, payments have to be reported on a cash basis.
This means that they are reported in the period in which they are paid and not
in the period in which they are accounted for on an accruals basis.

Refunds are also reported in the period in which they are received and will
either be offset against payments made in the period or be shown as negative
amounts in the report.

Payments in kind made to a government are converted to an equivalent cash value
based on the most appropriate and relevant valuation method for each payment
type. This can be at cost or market value and an explanation is provided in the
report to help explain the valuation method.Where applicable, the related
volumes are also included in the report.

Payment reporting methodology
The regulations require that payments are to be reported where they are made to
governments by OMV. It is required that the report reflect the substance of each
transaction and activity. Based on these requirements, OMV has considered its
reporting obligation as:

- Where OMV makes a payment directly to the government, these payments will be
reported in full, irrespective of whether this is made i n the sole capacity of
OMV or in OMV's capacity as the operator of a joint operation.

-In cases where OMV is a member of a joint operation for which the operator is a
state-owned entity (i.e. a government), payments made to that state-owned entity
will be disclosed where it is possible to identify the reportable payment from
other cost recovery items.

- For host government production entitlements,the terms of the agreement have to
be considered;for the purpose of reporting in this report, OMV will disclose
host government entitlements in their entirety where it is the operator.

Payments made as a single payment or a series of related payments that are below
EUR 100,000 within a financial year are excluded from this report.

Reporting currency
Payments made in currencies other than euros are translated for the purposes of
this report at the average rate of the reporting period.

Payment types disclosed

Production entitlements
Under production sharing agreements (PSAs), the host government is entitled to a
share of the oil and gas produced and these entitlements are often paid in kind.
The report will show both the value and volume of the government's production
entitlement for the relevant period in barrels of oil equivalent(boe).

The government share of any production entitlement will also include any
entitlements arising from an interest held by a state-owned entity as an
investor in projects within its sovereign jurisdiction.Production entitlements
arising from activitie sor interests outside of a state-owned entity's sovereign
jurisdiction are excluded.

Taxes levied on income, production or profits of companies are reported. Refunds
will be netted against payments and shown accordingly. Consumption taxes,
personal income taxes, sales taxes,property taxes and environmental taxes are
not reported under the regulations. Although there is a tax group in place, the
reported corporate income taxes for Austria relate entirely to the extractive
activities in Austria of OMV's subsidiaries, with no amounts being reported
relating to OMV's non-extractive activities in Austria.

Royalties relating to the extraction of oil, gas and minerals paid to a
government are to be disclosed.Where royalties are paid in kind, the value and
volume are reported.

In accordance with the regulations, dividends are reported when paid to a
government in lieu of production entitlements or royalties. Dividends that are
paid to a government as an ordinary shareholder are not reported, as long as the
dividends are paid on the same terms as that of other shareholders.

For the year that ended December 31, 2017, OMV had no such reportable dividend
payments to agovernment.

Bonuses include signature, discovery and production bonuses in each case to the
extent paid in relation to the relevant activities.

These include license fees, rental fees, entry fees and all other payments that
are paid in consideration for access to the area where extractive activities are

The report excludes fees paid to a government that are not specifically related
to extractive activities or access to extractive resources. In addition payments
paid in return for services provided by a government are also excluded.

Infrastructure improvements
The report includes payments made by OMV for infrastructural improvements, such
as the building of a road or bridge that serves the community,irrespective of
whether OMV pays the amounts to non-government entities. These are reported in
the period during which the infrastructure is made available for use by the
local community.

Payments overview
The overview table below shows the relevant payments to governments that were
made by OMV inthe year that ended December 31, 2017.

Of the seven payment types that are required by the Austrian regulations to be
reported upon, OMV did not pay any dividends, production entitlements,bonuses or
infrastructure improvements that met the defined accounting directive definition
and therefore these categories are not shown.

Payments overview
In EUR 1,000
                                                  Taxes Royalties Fees   Total


Austria                                           1,264 69,993           71,257
Kazakhstan                                       13,759           949    14,708
Madagascar                                                        292    292
Norway                                            9,718                  9,718
New Zealand                                      10,184 31,435    112    41,731
Pakistan                                          5,177 3,899     863    9,939
Romania                                         146,122 123,836   13,428 283,386
Tunisia                                          13,376 5,840            19,216
Total                                           199,600 235,003   15,644 450,247

No payments have been reported for Libya for the year 2017 as OMV was not the

On January 13, 2017, OMV divested its interest in OMV (U.K.) Limited and there
were no material payments in 2017 prior to this date. On November 30, 2017, OMV
completed the acquisition of an interest in the Yuzhno Russkoye natural gas
field located in Western Siberia from Uniper SE.

On November 30, 2017, OMV completed the acquisition of an interest in the Yuzhno
Russkoye natural gas field located in Western Siberia from Uniper SE.

The interest in the natural gas field was obtained by acquiring a stake of
24.99% in OJSC Severneftegazprom(SNGP), which holds the production license to
the Yuzhno Russkoye field. As SNGP is an associated company and therefore
accounted for using the equity method in OMV Group Consolidated Financial
Statements it does not meet the definition of a reporting entity in the context
of the Austrian Commercial Code.

Payments by country

Payments by country
In EUR 1,000
                                                  Taxes  Royalties Fees  Total


Federal Ministry for Digital and Economic Affairs        69,993          69,993
Federal Ministry of Finance                       1,264                  1,264
Total                                             1,264  69,993          71,257

Lower Austria                                     1,264  69,993          71,257
Total                                             1,264  69,993          71,257


State Revenue Committee                           13,759                 13,759
Akimat of Mangistau Region                                         427 1 427
Training centers universities                                      522 2 522
Total                                             13,759           949   14,708

Tasbulat                                          6,374            544   6,918
Komsomolskoe                                      7,385            405   7,790
Total                                             13,759           949   14,708

1 Financing of various projects under the joint control of the Akimat of
Mangistau Region and OMV within the concession agreement and spentas per the
agreed projects
2 Financing of various expenses with regard to university training centers as
agreed within the concession agreement

                  Payments by country
In EUR 1,000
                  Taxes               Royalties Fees        Total


Office des Mines
Nationales et des                                   292         292
Total                                               292         292

Explorations                                        292         292
Total                                               292         292


Skatteetaten             9,718                                 9,718
Total                    9,718                                 9,718

Gulfaks                   54                                     54
Gudrun                    54                                     54
Payments not
attributable to          9,610                                 9,610
Total                    9,718                                 9,718

Payments by country
In EUR 1,000
                     Taxes          Royalties      Fees          Total

New Zealand

Crown Minerals                          31,435                       31,435
Inland Revenue           9,998                                       9,998
Ministry of Business      186                            6            192
and Innovation
Environmental                                           106           106
Protection Authority
Total                    10,184         31,435          112          41,731

Maari                      14           5,139           106          5,259
Maui                                     237                          237
Pohokura                                26,059                       26,059
New Zealand               172                                         172
exploration projects
Payments not
attributable to          9,998                           6           10,004
Total                    10,184         31,435          112          41,731


Federal Board of
Revenue Government       5,177                                       5,177
of Pakistan
Director General of
Petroleum                               3,899           480          4,379
Local Government,                                       132           132
District Khairpur
Local Government,                                       251           251
District Sukker
Total                    5,177          3,899           863          9,939

Mehar                                    207            182           389
Miano                                    915            415          1,330
Sawan                                   2,777           234          3,011
Pakistan exploration                                    32             32
Payments not
attributable to          5,177                                       5,177
Total                    5,177          3,899           863          9,939


State budget            146,122        123,836                      269,958
Local councils                                         3,154         3,154
National Agency for
Mineral Resources                                       676           676
National Company of                                    9,500         9,500
CONPET SA                                               98             98
Total                   146,122        123,836        13,428        283,386

Onshore production                      94,200        13,391        107,591
Onshore Joint                            700            13            713
Offshore Black Sea                      28,936          24           28,960
Payments not
attributable to         146,122                                     146,122
Total                   146,122        123,836        13,428        283,386

Payments by country
In EUR 1,000
                      Taxes         Royalties      Fees Total


Receveur des Finances    12,117                                 12,117
Receveur des Douanes      1,259                                 1,259
Entreprise Tunisienne
d'Activités                            4,988 3                  4,988
Tresorerie Generale                      852                     852
de Tunisie
Total                    13,376         5,840                   19,216

Ashtart                    244                                   244
TPS                       5,931                                 5,931
South Tunisia             7,201        5,840 3                  13,041
Total                    13,376         5,840                   19,216

3 Includes payments in kind for 102,268 bbl of crude oil valued using the
average monthly price per boe

In Tunisia where OMV is not the operator, its proportional contribution to the
host government's royalties for 2017 would have been EUR 8.9 mn for 195,257 bbl
of crude oil valued using the average monthly price per boe.

Vienna, March 14, 2018

The Executive Board
Rainer Seele m.p. Johann Pleininger m.p. Reinhard Florey m.p. Manfred Leitner

Further inquiry note:
OMV Aktiengesellschaft

Andreas Rinofner, Public Relations
Tel.: +43 (1) 40 440-21472; e-mail:

Florian Greger, Investor Relations
Tel.: +43 (1) 40 440-22421; e-mail:

end of announcement                         euro adhoc

issuer:       OMV Aktiengesellschaft
              Trabrennstraße  6-8
              A-1020 Wien
phone:        +43 1 40440/21600
FAX:          +43 1 40440/621600
ISIN:         AT0000743059
indexes:      ATX
stockmarkets: Wien
language:     English

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