• Results positively affected by higher exports and company cost-cutting
• Production of gasoline, diesel fuel and petrochemicals rise
• Construction officially launched of new polyethylene production line

BRATISLAVA, 15th November 2013 – SLOVNAFT Group has reported a 7% year-on-year increase in nine-month net sales to EUR 3.6 billion,while net profit rose 5% year-on year to EUR 43 million.SLOVNAFT saw sales during the period of its petroleum products grow 16% year-on-year to 4.53 million tonnes, of which almost 76% was exported.

There was a 24% rise in sales to foreign markets to 3.44 million tonnes, though domestic sales fell slightly to 1.1 million tonnes.“SLOVNAFT Group’s petroleum product sales increased in the first three quarters of the year mainly due to higher exports. This combined with an emphasis on internal cost cutting allowed Slovnaft to post strong economic figures,”said Oszkár Világi, Chairman of the Board and Chief Executive Officer of SLOVNAFT, a.s. “ On the other hand, a drop in domestic sales caused by weak economic growth in Slovakia, as well as a reduction in the difference between the prices of finished petroleum products and crude oil prices on international commodity exchanges, dampened the impact of cost side savings despite positive financial effects from exports.From this perspective, the numbers achieved by the SLOVNAFT Group in the current environment can be viewed as quite good, yet it remains vulnerable in the final quarter to run during the winter, what has traditionally been a complicated period.”

For the first nine months of the year Slovnaft's Bratislava refinery processed 4.44 million tonnes of crude oil, which was 12% higher than the same period last year.Gasoline production for the first three quarters rose 5% year-on-year to 1.09 million tonnes.Production of diesel fuel saw 12% growth to 2.3 million tonnes.An increase was also reported in the production of petroleum products, rising 12% to 243,000 tonnes.

Investment in the first three quarters of 2013 reached EUR 44 million.Slovnaft also started construction in this period of a new unit for manufacturing polyethylene. “The new polyethylene production line, worth EUR 300 million, is considered by us to be an especially critical project for Slovnaft,” continued Mr. Világi. “We expect our investment program, which in the next period will include several oil refining projects in addition to the new polyethylene line, to contribute to keeping the SLOVNAFT Group competitive in the long term and maintaining positive results.”

At the end of September, the company was operating 212 petrol stations.

• The results were positively affected by higher export activity (an increase of 27%)
• An increase in the production of motor gasoline, motor diesel and petrochemical products
• Three new gas stations open in the first half-year

BRATISLAVA, 13th August 2013 – In the first half of 2013, the SLOVNAFT Group increased its net revenues year-on-year by 9%, to 2.33 billion euros. Net profit in this period reached 7 million euros compared to a loss of 14 million euros in the first half of 2012. During this period, the SLOVNAFT Group increased the sale of petroleum products year-on-year by 18%, to 2.92 million tons, of which almost 77% was exported.

The sale in foreign markets increased by 27%, to 2.24 million tons, despite problems with product shipping in the second quarter due to the increased water level of the Danube river. Because of this, the transport of final products was restricted, particularly to clients in Austria and Germany. Sales in the domestic market reached 683,000 tons.

“The macro-economic environment hasn’t improved significantly in the last half-year, despite that we achieved a positive economic result. It is also due to the continuous process of uncovering internal reserves and decreasing expenses. Part of this is also the the New Downstream Program, through which we’ve managed to achieve benefits of nearly USD 60 million so far this year. We are continuing with our strong investment program, the construction of the newest LDPE unit, and simultaneously planning other investment projects at the Bratislava refinery,” stated Oszkár Világi, Chairman of the Board of Directors and CEO in SLOVNAFT, a.s.

In the first half-year, Slovnaft processed 2.86 million tons of crude oil at the Bratislava refinery, which was 9% more than during the same period in 2012. The production of motor gasoline increased year-on-year by 5%, to 693,000 tons in the first six months. The production of motor diesel reached 1.51 million tons and increased year-on-year by 14%. A 12% increase was also recorded in the production of petrochemical products, up to 156,000 tons.

The company opened three new gas stations on the D1 highway in the first half-year, operating 212 stations in total.

• Largest current investment into plastics manufacturing in Central Europe
• In addition to construction of a polyethylene production line, an ethylene unit is to be renovated and a new logistics infrastructure built
• By 2015, the volume of polyethylene produced by Slovnaft should rise more than one fifth to 220,000 tonnes

BRATISLAVA, September 6th 2013 – Slovnaft, a member of the international MOL Group, has begun construction of a new unit for the production of LDPE4 polyethylene. Construction of the plant is part of a massive investment in basic plastics, which should reach more than EUR 300 million by 2015. The cornerstone of the new manufacturing unit was today laid in Vlčie hrdlo by Slovak Prime Minister Robert Fico, Economy Minister Tomáš Malatinský, MOL Chairman-CEO Zsolt Hernádi, Oszkár Világi, SLOVNAFT Chairman of the Board of Directors and CEO and representatives of Maire Tecnimont and TALKE company.

Costs for construction of the LDPE 4 production line itself exceed EUR 200 million, while another EUR 100 million will be required to renovate an ethylene unit for processing primarily petrol and gases, from which raw materials will be produced mainly for manufacturing polyethylene and polypropylene, and to develop an associated logistics infrastructure in the form of an ethylene storage tank, silos for storing polyethylene and packing lines. Slovnaft will be financing these investments from a combination of its own funds, loans from the EBRD and commercial loans.

“We expect the new line to streamline production and reduce both energy consumption and emissions, while allowing us through a broader and higher-quality product portfolio to reach new customers and markets. This investment strengthens Slovnaft’s competitiveness in the long term and ultimately brings a lot of direct and indirect positives for all of Slovakia,” said Oszkár Világi, Chairman of the Board of Directors and CEO in SLOVNAFT, a.s.

The new LDPE4 unit replaces seven older lines and will produce low density polyethylene. This is the basis for a wide range of products, such as food and agricultural plastic wrapping, toys, health supplies, insulation and other materials used in construction. The manufacturing process results in granulates that are then further processed by customers. Once the new line starts operating, annual polyethylene production capacity will rise by 40,000 tonnes to reach 220,000 tonnes.

“This key investment contributes to our growth strategy offering both Slovnaft and MOL Group the opportunity to further strengthen our competitiveness and to maintain a leadership position on the Central European market. This investment is a proof that we are investing in our member companies in order to ensure our long-term global success.” said Zsolt Hernádi, MOL Chairman-CEO.

Slovnaft’s polyethylene production plant is being put together by a consortium of associated companies, Tecnimont in Italy and Tecnimont Planung und Industrieanlagenbau in Germany, both subsidiaries of Maire Tecnimont SpA, the holding company of Maire Tecnimont Group, a leading international player in Engineering & Construction (E&C), Technology & Licensing and Energy & Ventures, mainly active in the Hydrocarbons industry.

Pierroberto Folgiero, CEO of Maire Tecnimont, said: “With this project we confirm our outstanding experience in Petrochemicals Industry being Tecnimont part of the history of the polyolefin technologies and further strengthen our

presence in Central and Eastern Europe, where we are focusing our attention to support the development of Petrochemical as well as Fertilizer industries, leveraging on Maire Tecnimont Group’s know-how and proprietary technologies. In this view, we are proud to be one of the key actors in the most relevant investment in the region.”

The logistics infrastructure is to be built by TALKE. The Germany based company is one of the world’s leading logistics service and logistics consultancy providers to the chemical and petrochemical sector in Europe, the Gulf States and Asia. “This logistics facility is the first project that we will carry out in Slovakia,” says Christoph Grunert, Director Logistics Europe at TALKE. “It is also one of our biggest European construction projects to date.”

Construction of the LDPE4 unit will have a positive impact on employment in the region. It is expected that by the time work peaks, up to 1,000 people will be employed by construction project suppliers.

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In the first quarter of this year, the SLOVNAFT Group increased export sales of oil products on an annual basis by eight per cent – to one million tons. More than 76 per cent of total product sales were directed at exports. In addition to the traditional export markets, such as Austria, the Czech Republic, Poland and Germany, part of the production was also exported to new markets in Western Europe. Sales on the domestic market in the first three months of the year reached 309,000 tons. Total sales volume of oil products during this period increased by 3 per cent to 1.31 million tons.

Despite growth, the demand for oil products is for long-term period marked by persistent low economic activity. “An additional impact on the consumption of oil products was an exceptionally long winter, limiting domestic demand, as well as demand from manufacturing, construction industry, international transportation and agriculture,” said Oszkár Világi, Chairman of the Board of Directors and CEO of SLOVNAFT.

Net sales of the SLOVNAFT Group in the first three months of 2013 remained almost unchanged, on an annual basis – reaching EUR 1.1 billion. The Group’s net profit fell to EUR 10 million from EUR 41 million in the first quarter of 2012.

“In 2013, the SLOVNAFT Group continues, as well as other partner organizations of the MOL Group, working on the New Downstream program, designed to implement measures for reducing costs, and at the same time increasing revenues from commercial activities. In concert with maintaining refining and petrochemical production links, we will continue in our main project, the construction of a new polyethylene production line in Bratislava,” said Oszkár Világi.

In the first quarter, capital expenditures of the SLOVNAFT Group decreased by almost two-thirds, on an annual basis – to EUR 9 million. This was due to the completion of the modernization and reconstruction of the heating plants project, as well as completion of reconstruction of storage tanks. Most of the investments were directed into the petrochemicals sector.

In the first three months of this year, the Slovnaft refinery in Bratislava processed 1.37 million tons of crude oil, which was 5 per cent less than during the same period last year. Petrol production in the first quarter of 2013 fell by 2 per cent, on an annual basis – to 325,000 tons. Diesel production reached 691,000 tons, which is an annual decrease of 6 per cent. A decrease was also registered in the production of petrochemicals, by 4 per cent – to 89,000 tons.

In the first quarter of 2013, the company opened one new petrol station on the D1 Highway, and thus now operates 210 petrol stations. The retail sales network will be further extended in 2013 by two new filling stations on D1 Highway.

At the end of March, the SLOVNAFT Group had 3,296 employees, and its network of petrol stations was staffed by about 1,700 additional employees of business partners.

For more information on the results of SLOVNAFT Group visit:
http://www.slovnaft.sk/en/about_slovnaft/for_investors/

Contact:
Anton Molnár
Spokesperson and Director of Corporate and Marketing Communications
cell: +421 905 393 161
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About SLOVNAFT Group

SLOVNAFT Group is an integrated refinery-petrochemical group. The most powerful company is SLOVNAFT, a.s. dealing mainly with refining in one of the most complex European refineries and with the wholesale and retail sale of motor fuels. Other members of the Group are SLOVNAFT MONTÁŽE A OPRAVY a.s., SLOVNAFT TRANS a.s., VÚRUP, a.s., CM European Power Slovakia, s.r.o. and other companies. SLOVNAFT Group is one of the biggest investors in Slovakia, its cumulative capital expenditure has amounted to nearly EUR 2 billion, at average, approx. 120 million per year since the mid-90th. Slovnaft operates the largest network of filling stations in Slovakia. Most of the company's production is exported, mainly to neighboring key markets and to the Western Europe. Group also exported basic plastics to the Middle and Far East. The company is a leader in Slovakia in the field of CSR and corporate philanthropy, significantly supports sport, culture, education, youth and revitalizing of environment. SLOVNAFT Group is a member of international MOL Group. Further information available at www.slovnaft.sk.