MOL Group to Transition to a Holding structure

MOL Plc. has notified market participants on the website of the Budapest Stock Exchange that MOL Group’s Board of Directors and Supervisory Board decided to initiate the reorganization of the Group by switching to a Holding structure and at the same time also decided to convene an Extraordinary General Meeting for 27 November 2025.

The statement points out that The MOL Group's business portfolio is constantly changing, both organically and through expansion. Changes in the MOL Group's external environment, regulatory impacts, and the size and complexity of the business require the Group to transform its corporate structure, management model, and operations. The goal is to develop a flexible legal structure that will enable the reduction or complete elimination of emerging constraints, thereby supporting the implementation of the Group’s Shape Tomorrow strategy.

The holding structure allows for the complete legal separation of business activities. This reduces the complexity of operations, and supports more autonomous decision-making of businesses. Following appropriate decisions, any future divestment, partnership or merger transactions can be executed with
the shortest possible preparation time.

With the transition to a holding structure, MOL Group will consist of a holding company (MOL Plc.) and several operating companies (namely Upstream, Downstream and Retail, besides the existing Circular Economy business line). After the transition is completed, these operating companies will remain 100%
owned subsidiaries of MOL Plc. and MOL Plc. maintains its stock exchange listing. Strategic management, business line oversight, financing, investment decision optimization, and control will remain with MOL Plc.

Each operating company will implement autonomous management based on clearly defined responsibility and authority. As a result, each operating company is expected to significantly enhance its business competitiveness through swift decision-making in response to changes in the external environment and become more flexible in system development in accordance with business characteristics. The new structure clearly defines the activities, responsibilities, and tasks of the holding company and the operating companies. This makes the currently complex operations more transparent, supports efficiency, enables a properly paced green transition, and facilitates the implementation of the defined strategy. The new legal structure will be aligned with the current business segment structure of the Group.