DOCUMENTS FOR THE ANNUAL GENERAL MEETING

MOL Plc. Annual General Meeting 2013 Documents
Proposal to Item 1 of the Agenda
Decision on amount of dividend after 2012
After 3 years of non-payment which was on the one hand due to the INA transaction in 2008 as well
as some good organic investment opportunities, on the other hand due to the financial crisis, MOL
turned back to dividend payment in 2012. Last year MOL paid out HUF 45 bn as dividend after the
financial year of 2011.
MOL has always followed a conservative financial policy, however, remained committed to pay out
dividend to the shareholders if there is a room in the balance sheet to do that, in parallel maintaining
the adequate financial stability. In 2013 and in the future as well, dividend payment proposal of
Board of Directors is determined by the actual balance sheet position, which has always a top
priority, as well as the outlook of organic and inorganic growth opportunities.
MOL has outstanding organic growth projects with sizeable investment needs, especially in the
international Upstream operation, where exploration and development programs in Kurdistan
Region of Iraq, Kazakhstan and Russia will accelerate in the coming period. Moreover, MOL is
continuously seeking good inorganic growth opportunities to renew its asset base in Upstream and
strengthen further its Downstream position in the CEE region.
2012 was a challenging year for the company, especially because of the lack of Syrian contribution
due to the announced “force majeure” in February 2012. Despite all these challenges, owing to our
diversified portfolio and conservative financial policy MOL not only kept its financial stability, but
could strengthen it further.
Based on this achievement taking into account aforementioned financial principles the Board of
Directors proposes to the Annual General Meeting to pay out HUF 46 bn (25% of the net profit,
excluding special items) as dividend after the financial result of 2012. The proposed amount
represents a slight increase compared to the dividend payment of last year despite the lower amount
of net profit excluding special items in 2012 compared to 2011.
Resolution proposal
The Board of Directors proposes to the General Meeting to pay HUF 46 bn as a dividend
in 2013 after the financial year ended 31 December 2012. The dividend on treasury shares is
distributed to those shareholders eligible for dividend, in proportion to their shares. The profit
after dividend payment shall increase retained earnings.
52/94