OMV AG First Quarter Results

OMV AG First Quarter Results

Oil price increase drives improved results: The average Brent price increased by 72% vs. Q1/09; production
was in line with the 2009 level at 317,000 boe/d; refining margins recovered to a certain extent in Q1/10
but middle distillate spreads remained at low levels

Cost management further enhances performance: Clean CCS EBIT increased by 90% to EUR 647 mn; clean
CCS net income after minorities was up 136% at EUR 297 mn driven by a stronger contribution from
associates and a lower tax rate

Outlook for 2010: In E&P, we expect production to increase; in R&M, Q1/10 saw tentative signs of
improvement in the margin environment, however, uncertainty remains going forward; in G&P, the various
projects are progressing steadily and help to strengthen our growing gas and power operation

OMV_Q1_2010_Cost_focus_and_improved_environment_lift_performance.pdf

ENDS

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