OMV’s Annual General Meeting has approved a dividend of EUR 1.00 per share for 2008 as well as all agenda resolutions.

OMV CEO Wolfgang Ruttenstorfer said: “The calendar year 2008 was unquestionably a year of extreme events. Until the middle of the year, oil prices had spiralled to well over USD 140 per barrel, and in the second half of the year, they plummeted due to the global financial crisis. Nevertheless, OMV has again achieved a record operational profit thanks to the consistent execution of its expansion strategy. Under the current economic situation, our aim is to maintain a conservative financial strategy and to handle our financial resources prudently in order to ensure that we have the necessary means to facilitate sustainable value growth.”

Today’s Annual General Meeting has approved a dividend of EUR 1.00 per share, which corresponds to a payout ratio of 22%. The payment date was agreed for May 19, 2009. The meeting was presented the duly adopted annual financial statements and discharged the Executive Board and Supervisory Board. The annual remuneration of the Supervisory Board was set at the same level as in 2008. Deloitte Audit Wirtschaftsprüfungs GmbH was re-elected as auditor for 2009.

Share buy-back

As in previous years, the meeting authorized the Executive Board to acquire own bearer shares up to the maximum legally permitted. The validity period of this authorisation is 30 months commencing today. The share buy back could be carried out at a minimum price that may not be below 30% of the average un-weighted closing price over the preceding ten trading days and a maximum price per share that may not exceed the average un-weighted closing price over the preceding ten trading days by more than 30%.
Capital increase and convertible bonds

The authorization for a capital increase of up to 77,900,000 shares has been given and is valid until May 13, 2014. In addition, the Annual General Meeting further authorized the Company to issue up to EUR 3 bn of convertible bonds or 77,900,000 shares. In accordance, an increase in conditional capital was also approved, whereby authorized and conditional capital increases are limited to a maximum of 77,900,000 shares. The convertible bonds therefore represent an alternative or a complement to a capital increase. Should a capital increase occur, subscription rights may be excluded, as in previous occasions, in cases where there is a contribution in kind. However, when issuing convertible bonds, the Company has again the right to fully exclude subscription rights.

Amendments of the Articles of Association

The Annual General Meeting has approved the following amendments to the Articles of Association: With regard to the permitted languages, it was agreed that legally effective notices from shareholders or third parties acting on their behalf (e.g. banks) are to be addressed to the company in German or English. This applies in particular for deposit confirmations. In addition, the General Meeting shall be conducted in German. Moreover, the age restriction previously applied to members of the Executive and Supervisory Board has been lifted.

Election of members of the Supervisory Board

Due to the expiration of the terms of the members of the Supervisory Board at the close of this Annual General Meeting, the following people were elected as members of the Supervisory Board until the close of the General Meeting which concerns the 2013 fiscal year:

• - Mr. Mohamed AL KHAJA,
• - Mrs. Alyazia AL KUWAITI,
• - Mrs. Elif BILGI-ZAPPAROLI,
• - Mr. Helmut DRAXLER,
• - Mr. Wolfram LITTICH,
• - Mr. Peter MICHAELIS,
• - Mr. Herbert STEPIC,
• - Mr. Herbert WERNER,
• - Mr. Rainer WIELTSCH,
• - Mr. Norbert ZIMMERMANN.

The CVs of the new members of the Supervisory Board are available on OMV’s website.

In the following constitutive supervisory board meeting, Mr. Peter Michaelis was elected president of Supervisory Board, Mrs. Alyazia Al Kuwaiti and Mr. Rainer Wieltsch were elected Vice President of Supervisory Board.