12.09.2005 – 17:03

OMV Aktiengesellschaft

euro adhoc: OMV Aktiengesellschaft
Mergers - Acquisitions - Takeovers
OMV decides to exit TÜPRAS auction

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

12.09.2005

"Our offer was in line with our policy of only making acquisitions
that ensure value creation and profitable growth. The amount emerging
from the auction did not fulfill this requirement," said OMV’s CEO,
Wolfgang Ruttenstorfer.  "We took this decision out of a position of
strength, and we are comfortable with the decision that has been
made. Tupras was an option worth considering, but certainly not a
‘must have’." Ruttenstorfer continued. As the clear No. 1 in the
growth region of Central Europe, with international E&P assets and a
high degree of integration between its own production and refining
capacities, OMV already has a definite competitive advantage over its
competitors in the region.

Clear Nr. 1 in Central Europe Through the acquisition of 51% of the
Romanian company Petrom, OMV has become the larg-est oil and gas
group in Central Europe, with oil and gas reserves of more than 1.4
bn boe, daily production of approximately 345,000 boe and an annual
refining capacity of 26.4 mn t. OMV has 2,457 filling stations in 13
countries and a market share of 18% in the Danube region.

end of announcement                               euro adhoc 12.09.2005 16:58:06

Further inquiry note:

OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN:
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

Original content of: OMV Aktiengesellschaft, transmitted by news aktuell