euro adhoc: OMV Aktiengesellschaft / Interim Announcement

Report January – March 2008 including interim financial statements as of March
31, 2008: Record operating performance in Q1/08

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Intermediate report of the management transmitted by euro adhoc. The issuer
is responsible for the content of this announcement.
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07.05.2008

- Record operating results in Q1/08: EBIT increased by 55% to EUR 795 mn
compared to Q1/07; Petrom contributed EUR 277 mn, up 104%; net income after
minorities up by 34% to EUR 446 mn; EPS of EUR 1.49, up 34%
- Clean EBIT increased by 65% to EUR 792 mn; Petrom contributed EUR 274 mn, up
132%; clean net income after minorities up by 40% to EUR 444 mn; clean EPS of
EUR 1.49, up 40%
- Outlook 2008: We again expect to deliver robust earnings, supported by new
field developments in the upstream, benefits of optimization programs in the
downstream, further expansion of the international gas business and the gas
logistics business and continued modernization at Petrom.

First quarter 2008 (Q1/08)

In Q1/08, results were driven by a continuously favorable crude price
environment. The Brent price steadily rose thereby exceeding last year´s Q1 by
67%, more than offsetting the burden of a weaker USD. Refining margins were
weaker than in Q1/07. The Group´s EBIT of EUR 795 mn was 55% above the level of
Q1/07. The EBIT contribution of Petrom was EUR 277 mn. Net income from
associated companies fell behind Q1/07 reflecting the reduced at-equity result
from Petrol Ofisi which was burdened by FX losses due to TRY depreciation vs.
the USD. Net income after minorities of EUR 446 mn rose by 34% compared to last
year´s level. Clean EBIT was up by 65% at EUR 792 mn after excluding net special
income of EUR 4 mn mainly related to non-core asset sales in Romania. Petrom´s
clean EBIT contribution increased by 132% to EUR 274 mn. Clean net income after
minorities was EUR 444 mn and clean EPS after minorities were
EUR 1.49, up by 40% on Q1/07.

In Exploration and Production (E&P), clean EBIT increased by 75% compared to
Q1/07 to EUR 679 mn despite the negative impact of USD exchange rates,
essentially reflecting the favorable oil price environment. The Group´s oil and
gas production was 322,000 boe/d, at the same level as in Q1/07.
In Refining and Marketing (R&M), clean EBIT was EUR 40 mn, exceeding Q1/07 by
39%. The high oil price had a negative effect on costs of own energy consumption
in the refineries, but also brought positive inventory effects. Due to higher
volumes and a strong non-oil business, the marketing contribution improved
considerably.
In Gas and Power (G&P), clean EBIT was up by 11%, mainly due to the strong
contribution of the logistics business benefiting from higher transport
capacities sold and the consolidation of the operating company of the WAG
pipeline. Also, storage utilization stayed at a high level. Marketing and
trading volumes increased compared to Q1/07 but difficult market conditions and
the regulatory situation burdened the result, especially in Romania.

Statements to the duty publication:
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Duty publication in/over: www.omv.com
Duty publication at that: 07.05.2008

end of announcement euro adhoc
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emitter: OMV Aktiengesellschaft
Otto-Wagner-Platz 5
A-1090 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/29496
mail: [email protected]
WWW: http://www.omv.com
sector: Oil & Gas - Downstream activities
ISIN: AT0000743059
indexes: ATX Prime, ATX
stockmarkets: official dealing: Wiener Börse AG
language: English

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