Relinquishment of the Akri-Bijeel Block in the Kurdistan Region of Iraq

The decision is based on a comprehensive assessment of the block potential and follows the communication made in MOL’s Third Quarter Interim Management Report (November 6, 2015). MOL and Gulf Keystone Petroleum, as Contractor Entities, signed the Relinquishment and Termination Agreement of the Production Sharing Contract on 31 December 2015.

MOL Group remains committed to maximize the value of its investments in the Kurdistan Region of Iraq, among others in the Shaikan Block.

For further information, please contact:

Investor Relations          + 36 1 464 1395

facsimile:                      + 36 1 464 1335