Publication of MOL Group Exploration & Production Update 2014 report and the update of the investor presentation

Key takeaways are the followings:

Upstream:

• 91-96 mboped and 105-110 mboepd production is expected in 2014 and 2015, respectively (already calculating with the effects of the announced but not yet closed BaiTex and North Sea transactions);
• Current portfolio to deliver around 125-135 mboepd at peak with improving unit EBITDA;
• 2013 year-end hydrocarbon SPE 2P reserves amount to 576 MMboe, unrisked working interest based recoverable resource potential amounts to 950 MMboe;
• For 2014 USD ~1bn organic CAPEX spending is planned to develop and derisk the total reserve and resource potentials;
• Active M&A to step into a new league – North Sea, CIS & Pakistan could be in the focus;
• Deliverables for the key projects in 2014:
• gradual ramp up of production in Kurdistan Region of Iraq; achieve close to 10 mboepd block production by year-end at Akri-Bijell; increase export sales from Shaikan and book reserves during 2014;
• minimize natural decline in the CEE region to below 5%;
• reating new hub and increase off-shore exposure with North-Sea entry.

Downstream:

• Profitability increased in 2013, despite a much worse environment due to 300+ already implemented efficiency actions;
• USD 400mn efficiency improvement already delivered in 2012-2013, USD 100mn+ benefit still due in 2014.

Financials:

• Conservative financial policy maintained as CAPEX is financed from operating cash-flow;
• USD 1.6-1.9bn organic CAPEX is planned in 2014;
• 16% net gearing and 0.8x net debt to EBITDA at 2013 year-end are at 5-year low.

For further information, please contact:

Investor Relations + 36 1 464 1395
Facsimile: + 36 1 464 1335