MOL Plc. was founded under the Act No. VI of 1988 as amended ...

c.) defining the main business objectives of the Company and to approve the
Company’s business strategy;
d.) approval of the Company’s medium term and annual plans;
e.) approval of the commencement of any new business activity;
f.) submission of the business reports (parent company and
aggregated/consolidated reports) prepared in accordance with the Accounting Act
and the proposal to the general meeting on the utilization of the profit after
taxation, and preparation of a quarterly report to the Supervisory Board on the
Company’s financial position, management and business policy;
g.) appointment of the Chief Executive Officer(s), exercising the employer’s rights
over the Chief Executive Officer(s);
h.) decision on the application for listing the Company on the stock exchange;
i.) performing the obligation of regular and extraordinary disclosure, as imposed
by law;
j.) commissioning a clearinghouse or trader to keep the share register (The
Company shall publish such commissioning in the Cégközlöny (Companies’
Bulletin), Napi Gazdaság (Daily Economy), Népszabadság and Magyar Nemzet
(daily papers).);
k.) permitting the access to the share register;
l.) observing compliance with the provisions of the Articles of Association;
m.) approval of any shareholder’s access to the documents/files;
n.) decision on the increase of the Company’s share capital pursuant to the
Articles of Association or the authorization granted by the shareholders’ meeting;
o.) decision on the acquisition of treasury shares based on authorization granted
by the general meeting or in cases provided by law;
p.) decision to pay interim dividends based upon the authorization granted in
these Articles of Association;
q.) decision on the approval of interim balance sheet.
r.) decision on the amendment of the name, seat, business premises, branch
offices and the scope of activities of the Company (except for the main activity)
and on the related amendment of the Articles of Association.
15.3. The Board of Directors adopts its decisions by simple majority of the votes, with the
exception of issues specified in by-laws of the Board of Directors.
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