Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

This Form CO concerns the proposed combination of OMV Aktiengesellschaft,

Vienna/Austria (“OMV”), and MOL Hungarian Oil and Gas plc, Budapest/Hungary

(“MOL”), hereinafter referred to as the “Transaction”. Currently, OMV is holding

merely a non-controlling 20.2% minority interest in MOL.

OMV is a publicly listed, integrated oil and gas company. OMV has two major

shareholders, which are Österreichische Industrieholding AG, Vienna/Austria

(“ÖIAG”), and International Petroleum Investment Company, Abu Dhabi/United

Arab Emirates (“IPIC”), holding 31.5% and 17.6% of OMV’s outstanding voting

securities respectively. ÖIAG is the Austrian Republic’s investment and privatization

agency (and a mere holding company). IPIC is an investment company which is

wholly owned by the Emirate of Abu Dhabi.

MOL is a publicly listed and integrated oil and gas company with a strong focus on

Central and Eastern Europe.

The undertakings concerned are active in the following sectors:

-- OMV: Exploration, production and refining of crude oil; distribution of refined

oil products; petrochemicals; natural gas (predominately in Austria).

-- MOL: Exploration, production and refining of crude oil; distribution of refined

oil products; petrochemicals; exploration/production and transmission of

natural gas (in Hungary).