OMV Petrom S.A.

Quarterly Report • Jul 9, 2019

National Storage Mechanism | Additional information

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RNS Number : 9094E

OMV Petrom S.A.

09 July 2019

OMV Petrom S.A.

Investor News

July 9, 2019 / 9:00 am (Local time), 8:00 am (CEST), 7:00 am (BST)

Q2/19 Trading Update Key Performance Indicators

This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's key performance indicators for the quarter ended June 30, 2019. The OMV Petrom Group's results for Q2/19 will be published on July 31, 2019. The information contained in this trading update may be subject to change and may differ from the final numbers of the quarterly report.

Economic environment	Q2/18	Q3/18	Q4/18	Q1/19	Q2/19
Average Brent price (USD/bbl)	74.39	75.16	68.81	63.13	68.86
Average Urals price (USD/bbl)	72.74	74.16	68.33	63.42	68.82
Average USD/RON FX-rate	3.904	3.995	4.083	4.169	4.225
Average EUR/RON FX-rate	4.652	4.647	4.660	4.735	4.748
Source: Reuters/Platts, NBR
Upstream	Q2/18	Q3/18	Q4/18	Q1/19	Q2/19
Total hydrocarbon production (kboe/d)	160	160	156	153	151
thereof crude oil and NGL production (kboe/d)	74	74	72	71	72
thereof natural gas production (kboe/d)	86	87	84	82	79
Total hydrocarbon sales volume (mn boe)	13.7	13.7	13.3	12.8	13.0
Average realized crude price (USD/bbl)	64.65	66.35	59.71	55.66	60.26
Downstream Oil	Q2/18	Q3/18	Q4/18	Q1/19	Q2/19
Indicator refining margin (USD/bbl)*	6.72	6.62	5.27	3.62	3.85
Refinery utilization rate (%)	49	98	99	96	94
Total refined product sales (mn t)	1.13	1.39	1.35	1.18	1.39
Downstream Gas	Q2/18	Q3/18	Q4/18	Q1/19	Q2/19
Gas sales volumes to third parties (TWh)	9.51	7.54	9.74	9.79	8.63
Net electrical output (TWh)	0.42	1.04	1.48	1.08	0.05

* The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield and operating conditions

Contact details:

OMV Petrom Investor Relations

Tel: +40 372 161 930; Fax: +40 372 868 518

E-mail: investor.relations.petrom@petrom.com

Disclaimer regarding forward-looking statements

This report may contain forward-looking statements. These statements reflect the Company's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project", "target", "may", "will", "would", "could" or "should" or similar terminology. By their nature, forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control that could cause the Company's actual results and performance to differ materially from any expected future results or performance expressed or implied by any forward-looking statements.

None of the future projections, expectations, estimates or prospects in this report should in particular be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information and statements contained herein are accurate or complete.

As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results or otherwise. This report does not purport to contain all information that may be necessary in respect of the Company or its shares and, in any event, each person receiving this report needs to make an independent assessment. The Company undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this report that may occur due to any change in its expectations or to reflect events or circumstances after the date of this report.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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