The Leading Oil and Gas Group in Central Europe

1. The Leading Oil and Gas Group in Central Europe Investor Presentation

2. OMV Group • Exploration and Production • Worldwide activities in 5 core regions • Production: 330,000 boe/d (52% oil - 48% gas) • Reserves: 1,365 mn boe (57% oil - 43% gas) • Refining and Marketing incl. petrochemicals • Active in 13 Central European countries (market share 20%) • 5 refineries with capacity of 26.4 mn t (540,000 boe/d) • Marketing: >2,500 retail stations • 35% Borealis (#2polyolefins producers in Europe) • Gas • 2,000 km pipeline system (43 bcm transport capacity) • 1/3 of Russias gas exports via Baumgarten to Western Europe • Gas sales: 14.2 bcm • 50% of EconGas GmbH

3. Arpechim Petrobrazi Petrom – The Transformational Deal • Daily oil and gas production of 217,000 boe/d (2005) • 49% oil – 51% gas Romania • Oil and gas reserves of 991 mn boe (Dec. 31, 2005) • 60% oil – 40% gas Serbia • New refining capacity in the East of D-13 • Arpechim: 3.5 mn t • Petrobrazi: 4.5 mn t Bulgaria • 635 retail stations • Market share in Romania >30% • Through the acquisition of 51% of Petrom, OMV became the undisputed leading integrated oil and gas group in Central and Eastern Europe

4. Integration of Petrom • Restructuring program on track • Centralizing organization and accounting structures • Personnel restructuring program • New agreement for major services reached with Petromservice • Acquisition of Rafiserv to increase efficiency and service quality • Closing down of 70 uneconomic filling stations and 108 storage farms • Launch of a franchise system for 60 filling stations • New exploration program started - 3D seismic and 3 new licenses • Regulated gas price increased by about 1/3 in 2005, currently stable • Market related pricing policy implemented • Petrom's crude supply integrated in OMV Group • Transfer of OMV’s Marketing activities in Romania, Bulgaria and Serbia to Petrom

5. Strong Financial Performance Figures in this and the following tables may not add up due to rounding differences 1 Figures amended after stock split at the rate of 1:10 on July 11, 20052Figures exclude results from discontinued operations

6. Vision for 2010:OMV Develops Along the EU Growth Belt • Expand from mature into growing markets • Increase the lead to other regional competitors • Further boost profitability potential • Continued growth

7. Growth and Targets for 2010 1 OMV Erdgas and EconGas2 OMV Erdgas, EconGas and Petrom

8. MOLDOVA OMV Refineries Petrom Refineries Danube River Other Large Refineries (>3.5 mn t or c.70,000 b/d) Leading Position in the Attractive CEE Market • 5 refineries with a total capacity of 26.4 mn t • 2,500 retail sites • 17 mn t marketing sales volume • Market share D-13: 20 %

9.  OMV Exploration OMV Exploration & Production  Petrom Exploration & Production Austria 151 Petrom 991 Rest of Europe 26 Africa 95 Middle East/Caspian 50 Australia/New Zealand 36 South America 16 TOTAL 1,365 UK Ireland Germany Austria Kazakhstan Romania Bulgaria Albania Iran Tunisia Pakistan Libya Yemen Australia New Zealand Exploration and ProductionA new Dimension with Petrom Proved Reserves as of December 31, 2005in mn boe OMV’s five core regions Productionin 6m/06, in boe/d Austria 39,000Petrom 208,000 Rest of Europe 13,000 Africa 35,000Middle East/Caspian 19,000Australia/New Zealand 7,000South America 8,000 TOTAL 330,000

10. Production Targets 2010 Targeting significant production growth in international business outside Austria and Romania 500 Production in 1,000 boe/d 338 CAGR 2006 – 2010 4% excl. acquisitions 8% incl. acquisitions

11. Gas Business Leading position in gas transportation and storage • 90% market share of gas imports into Austria in 2005 • Principal provider of gas storage in Austria • OMV’s infrastructure handles approximately 33% of all Russian gas exports to Western Europe • Nabucco pipeline project: Development phase started • Leading position in Austrian gas supply • 50% stake in market leader EconGas

12. Nabucco Pipeline: An Essential Growth Project Investment in infrastructure is necessary to monetise gas value in other parts of the chain (E&P, Sales & Trading, Logistics) ? Investment: EUR 4.6 bn Distance: 3,300 km First gas expected in 2011 Capacity: starting 10 bcm final up to 30 bcm Decision to be made end of 2007 Potential entry points (selection) • Upstream: Access to new (equity) supply sources Middle East, Caspian Region (EP Iran, Bulgaria, Romania) • Midstream: additional transmission business in Austria and abroad and combined storage business (Austria and Romania) • Strengthen turntable position Baumgarten • Swap possibilities with international partners • Downstream: Markets along entire pipe route, physical link between CEE markets and sales cluster (EconGas, Petrom)

13. 13% ROACE is Primary Target • Targets based on mid cycle assumptions: • Brent USD 30/bbl • EUR/USD 1:1.20 • Refining margin (OMV asset mix) USD 4.80/bbl

14. CAPEX Program for 2006 to 2010 EUR 1,700 mn CAPEX per yearon average excluding acquisitions Total CAPEX per division CAPEX running business/growth

15. Outlook for 2006 In the current high oil price environment we expect to exceed the excellent performance of 2005, despite the more challenging refining environment • E&P: Crude prices expected to be above last year’s level; additional production from New Zealand, Libya and Yemen, however productionforecasted to be5% below last year; write down for Venezuela being evaluated • R&M: Significantly weaker refining margins compared to last year; high crude prices impact costs of own energy consumption; cracker on stream in Schwechat leads to higher volumes despite fire incidents; due to high price levels Marketing margins remain under pressure; negative impact from introduction of excise tax on product exports in Romania • Gas: Improvements in storage business expected; gas price liberalization approach in Romania still under discussion