MOL Magyar Olaj es Gázipari : Settlement of derivative agreements and conclusion of new agreements

About this update from Mol Hungarian Oil & Gas Plc Class A

MOL agreed with UniCredit Bank GmbH ("UniCredit") on 26 June 2026, that the option rights in relation to 31,000,000 MOL Series "A" Ordinary shares ("Shares") under the share option agreement executed between UniCredit and MOL on 27 June 2025 will be either fully cash settled or partly physically and partly cash settled on 3 July 2026. Simultaneously, MOL and UniCredit entered into a new share option agreement. According to the new share option agreement MOL will receive American call options and UniCredit will receive European put options, with the effective date of 7 July 2026. The maturity date of both the call and put options will be 2 July 2027. MOL agreed with ING Bank N.V. ("ING") on 26 June 2026, that the option rights in relation to 31,000,000 Shares under the share option agreement executed between ING and MOL on 27 June 2025 will be either fully cash settled or partly physically and partly cash settled on 3 July 2026. Simultaneously, MOL and ING entered into a new share option agreement. According to the new share option agreement MOL will receive American call options and ING will receive European put options, with the effective date of 7 July 2026. The maturity date of both the call and put options will be 2 July 2027. MOL agreed with Commerzbank AG ("Commerzbank") on 26 June 2026, that the total return swap agreement signed on 27 June 2025 in respect of 6,676,013 Shares will be either fully cash settled or partly physically and partly cash settled on 3 July 2026. Simultaneously, MOL and Commerzbank entered into a new total return swap agreement. The agreement's settlement date is 7 July 2027. The number of affected Shares, the number of options as well as the strike price of the options in all three transactions above will be defined based on market data available as of 3 July 2026 and the capital market participants will be informed accordingly.

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