euro adhoc: OMV Aktiengesellschaft / Strategic management decisions / OMV, Gazprom and Vienna Stock Exchange agree to jointly develop Central European Gas Hub and establish a gas exchange

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OMV / energy / oil / gas

05.11.2008

OMV, the leading Central European oil and gas group and Gazprom, the
world's largest natural gas company, along with the further parties
Wiener Börse AG, the operator of the Vienna Stock Exchange, and
Centrex Europe Energy & Gas AG, a company operating in the natural
gas sector, have agreed in principle:

- On a cooperation for the development of Central European Gas Hub
(CEGH), an Austrian hub operator, into a leading hub platform in
Continental Europe and

- The establishment of a Central European gas exchange providing for
the trading of gas products on a spot and futures market.

CEGH, currently a 100% subsidiary of OMV, is a gas hub platform
existing in addition to the physical gas hub functions in Baumgarten
and has recently been converted into a joint stock corporation
(Aktiengesellschaft).

Upon closing of the intended transaction, which is expected to occur
in 2009, OMV Gas & Power GmbH and Gazprom Germania GmbH will each
hold a 30% participation in CEGH. Wiener Börse AG and Centrex Europe
Energy & Gas AG will each acquire a 20% participation in CEGH.

The transaction is subject to approval by regulatory authorities, in
particular pursuant to the Austrian Stock Exchange Act and European
merger control regulations.

end of announcement euro adhoc
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ots Originaltext: OMV Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

OMV

Investor Relations:

Ana-Barbara Kuncic

Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com

Press:

Bettina Gneisz-Al-Ani

Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com

Thomas Huemer

Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 874341
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing