MOL Hungarian Oil and Gas Plc

Share Issue/Capital Change • Jun 23, 2023

Budapest, 23 June 2023

Settlement of option agreements and terms and conditions of new share option agreements

MOL Plc. ("MOL") hereby notifies the capital market participants in relation to the announcement as of 20 June 2023 of the following:

Under the share option agreement executed between MOL and UniCredit Bank AG ("UniCredit") on 20 June 2022 3,704,188 pieces of MOL Series "A" ordinary shares ("Shares") will be physically settled and 30,742,366 pieces of Shares will be cash settled on 27 June 2023. As a result, MOL acquires 3,704,188 Shares.

Under the share option agreement entered into by MOL and UniCredit on 20 June 2023 MOL receives American call options and UniCredit receives European put options in relation to 30,742,366 pieces of Shares with the effective date of 27 June 2023. The maturity date of both the call and put options is 24 June 2024, and the strike price of both options is EUR 8.1321 per Share.

Under the share option agreement executed between MOL and ING Bank N.V. ("ING") on 20 June 2022 3,353,987 pieces of MOL Series "A" ordinary shares ("Shares") will be physically settled and 30,927,069 pieces of Shares will be cash settled on 27 June 2023. As a result, MOL acquires 3,353,987 Shares.

Under the share option agreement entered into by MOL and ING on 20 June 2023 MOL receives American call options and ING receives European put options in relation to 30,927,069 pieces of Shares with the effective date of 27 June 2023. The maturity date of both the call and put options is 24 June 2024, and the strike price of both options is EUR 8.5423 per Share.

As a result of the transactions the number of treasury shares increases by 7,058,175 MOL owns 28,180,341 "A" Series and 578 "C" Series MOL Ordinary shares.

For further information, please contact Investor Relations:

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