MOL Hungarian Oil and Gas Plc

Report Publication Announcement • Feb 17, 2023

Budapest, 17 February 2023

Publication of MOL Group's Q4 and Full Year 2022 results

MOL Plc. has published the following documents today:

• Presentation of Q4 and Full Year 2022 results
• Financial & operational data table
• Q4 2022 results press release
• Updated Investor Presentation

Highlights of the period:

• MOL's full-year 2022 Clean CCS EBITDA amounted to USD 4,702mn supported by strong Upstream and Downstream contribution driven by overall favorable macro environment
• Group-level Q4 2022 Clean CCS EBITDA reached USD 1,074mn, 26% lower than in the previous quarter
• Upstream Q4 2022 Clean EBITDA rose by 8% to USD 492mn year-on-year and decreased quarter-onquarter, dented by extra royalty payments in Hungary and regulated gas price scheme in Croatia
• Downstream Q4 2022 Clean CCS EBITDA reached USD 384mn, increased by 9% year-on-year, as diminishing Petchem contribution was offset by higher refining EBITDA generation
• Consumer Services Q4 2022 EBITDA decreased by 23% year-on year and reached USD 89mn due to the negative effect of fuel price regulations in Central and Eastern Europe

Chairman-CEO Zsolt Hernádi commented:

"Last year was a real test from every possible aspect in our industry, I am proud to say that MOL managed to navigate successfully through the countless challenges and delivered both operationally and financially. The war in Ukraine and its consequences on supply security, the unpredictable macro conditions and regulatory measures have brought unprecedented challenges to MOL's skilled employees who did great during the constant crisis situation. The robust EBITDA in 2022 – even with the extreme high taxes, price caps and regulatory measures in place – gives the possibility to continue our transformational and development journey laid down in the Shape Tomorrow 2030+ strategy. Accordingly we made inaugural investments in green hydrogen production, and set foot in waste management that is a big step towards our circular economyrelated strategic goals.

It is clear to us that 2023 will be no easier, but I believe that MOL's proven resilience will help us navigate through these uncertain times with confidence."

For further information, please contact Investor Relations:

Tel: +36 1 464 1395 Email: investorrelations@mol.hu