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12.09.2005 – 17:03

OMV Aktiengesellschaft

euro adhoc: OMV Aktiengesellschaft
Mergers - Acquisitions - Takeovers
OMV decides to exit TÜPRAS auction

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


"Our offer was in line with our policy of only making acquisitions that ensure value creation and profitable growth. The amount emerging from the auction did not fulfill this requirement," said OMV’s CEO, Wolfgang Ruttenstorfer.  "We took this decision out of a position of strength, and we are comfortable with the decision that has been made. Tupras was an option worth considering, but certainly not a ‘must have’." Ruttenstorfer continued. As the clear No. 1 in the growth region of Central Europe, with international E&P assets and a high degree of integration between its own production and refining capacities, OMV already has a definite competitive advantage over its competitors in the region.

Clear Nr. 1 in Central Europe Through the acquisition of 51% of the Romanian company Petrom, OMV has become the larg-est oil and gas group in Central Europe, with oil and gas reserves of more than 1.4 bn boe, daily production of approximately 345,000 boe and an annual refining capacity of 26.4 mn t. OMV has 2,457 filling stations in 13 countries and a market share of 18% in the Danube region.

@@start.t2@@end of announcement                                                 euro adhoc 12.09.2005 16:58:06

ots Originaltext: OMV Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
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
Index:    ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing

Original-Content von: OMV Aktiengesellschaft, übermittelt durch news aktuell

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