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euro adhoc: OMV Aktiengesellschaft
Annual & Special Corporate Meetings
OMV Supervisory Board approves new management holding structure (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
- Approval to separate the Exploration and Production and Refining
and Marketing businesses
- Holding structure provides basis for further growth
At its meeting today, the Supervisory Board of OMV Aktiengesellschaft
approved the separation of OMV’s businesses Exploration and
Production as well as Refining and Marketing including petrochemicals
in wholly owned subsidiaries. A resolution to this effect will be on
the agenda of the Annual General Meeting on May 18, 2004. Depending
on the approval of the Annual General Meeting and the required
registration in the Commercial Register at the Commercial Court in
Vienna, the new management holding structure should be effective as
of July 1, 2004 and with retroactive effect for tax and contractual
purposes from January 1, 2004.
A chart of the planned holding structure is available on request.
end of announcement        euro adhoc 22.03.2004

Further inquiry note:

OMV
Investor Relations:
Brigitte H. Juen
Tel. +43 1 404 40-21622; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 404 40-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 404 40-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 074305
Index: ATX, ATX Prime
Börsen: Bayerische Börse / official dealing
Frankfurter Wertpapierbörse / official dealing
Wiener Börse AG / official dealing
London Stock Exchange / official dealing

Original content of: OMV Aktiengesellschaft, transmitted by news aktuell

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