25.06.2007 – 08:08 

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

Energy/Oil/Gas/OMV

25.06.2007

- OMV acquires 8.6% of the issued share capital of the Hungarian oil 
and gas group MOL - The transaction further cements OMV´s strategic 
investment in MOL

OMV Aktiengesellschaft, the leading Central European oil and gas 
group, has purchased several blocks of MOL shares, which, as 
understood have also been offered to other potential investors. The 
average price per share was close to the traded market price, 
implying a total of some EUR 1 bn. Currently OMV holds now 18.6% of 
the issued MOL shares.

OMV seeks to strengthen its strategic participation in MOL through 
this operation. The company is convinced by the long-term benefits of
a closer cooperation, which will allow two European companies to 
considerably increase the security of supply, a significant benefit 
for Europe. Furthermore the complementary strengths of both companies
in Central Europe could be capitalized.

Central Europe represents the core market for both OMV and MOL and 
the two companies complement each other by focusing on different 
regions within this core market. An alliance between OMV and MOL 
would have the scale and scope to compete effectively with the larger
oil and gas companies in the world.

Positioning OMV in view of the upcoming wave of consolidation By 
increasing its stake in MOL to 18.6 %, OMV is positioning itself in 
view of the upcoming wave of consolidation. A further consolidation 
will take place sooner or later in the industry. The benefits of an 
alliance between OMV and MOL have been highlighted by analysts and 
investors several times in the past and a combination between the two
companies has been considered by the management of OMV and MOL many 
times. OMV regards the upcoming wave of consolidation as an 
opportunity for both companies to combine their strengths. Therefore 
it would make sense to start structured discussions with the MOL 
management. OMV thus invites MOL to an open and constructive 
dialogue. OMV in any case is prepared and ready to do so.

Advantages of a Central European alliance Wolfgang Ruttenstorfer: "It
is our responsibility to evaluate all options to secure long-term 
energy supply for Central Europe in an increasingly competitive 
environment. This has always been an important element of our 
strategy." In addition Ruttenstorfer stated that the purchase of an 
additional stake in MOL strengthens OMV´s position and constitutes an
attractive stepping stone to longer term co-operation between the two
companies.

end of announcement                               euro adhoc 25.06.2007 07:30:37

Further inquiry note:

OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

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

Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 874341
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing