OMV Aktiengesellschaft

Move & More.

The Leading Oil and Gas Group in Central Europe

Investor Presentation

2 Q2 2006OMV Group

OMV Group

Refining and Marketing incl. petrochemicals

Gas

Exploration and Production Worldwide activities in 5 core regions

Production: 330,000 boe/d (52% oil - 48% gas) Reserves: 1,365 mn boe (57% oil - 43% gas)

Active in 13 Central European countries (market share 20%) 5 refineries with capacity of 26.4 mn t (540,000 boe/d) Marketing: >2,500 retail stations 35% Borealis (#2 polyolefins producers in Europe)

2,000 km pipeline system (43 bcm transport capacity) 1/3 of Russias gas exports via Baumgarten to Western Europe Gas sales: 14.2 bcm 50% of EconGas GmbH

3 Q2 2006OMV Group

Petrom – The Transformational Deal

New refining capacity in the East of D-13 Arpechim: 3.5 mn t Petrobrazi: 4.5 mn t

Daily oil and gas production of 217,000 boe/d (2005)

49% oil – 51% gas

Oil and gas reserves of 991 mn boe (Dec. 31, 2005)

60% oil – 40% gas

635 retail stations Market share in Romania >30%

Through the acquisition of 51% of Petrom, OMV became the undisputed leading integrated oil and gas group in Central and Eastern Europe

PetrobraziArpechim

Romania

BulgariaSerbia

4 Q2 2006OMV Group

Integration of Petrom Restructuring program on track

Centralizing organization and accounting structures Personnel restructuring program New agreement for major services reached with Petromservice Acquisition of Rafiserv to increase efficiency and service quality Closing down of 70 uneconomic filling stations and

108 storage farms Launch of a franchise system for 60 filling stations

New exploration program started - 3D seismic and 3 new licenses

Regulated gas price increased by about 1/3 in 2005, currently stable

Market related pricing policy implemented Petrom's crude supply integrated in OMV Group Transfer of OMV’s Marketing activities in Romania, Bulgaria

and Serbia to Petrom

5 Q2 2006OMV Group

Figures in this and the following tables may not add up due to rounding differences1 Figures amended after stock split at the rate of 1:10 on July 11, 20052 Figures exclude results from discontinued operations

Strong Financial PerformanceQ1/0

6Q2/0

6Q2/0

5

Q2/05 in EUR mn6m/

066m/

05

6m/05

541 621 510 22% EBIT 1,16

2937 24%

(15) 22 (3) n.a. Financial result 7 (26) n.a.

526 643 507 27%Income from ordinary activities 1,169 911 28%

(102) (177) (124) 43% Taxes (279) (218) 28%

19% 28% 24% 13% Effective tax rate 24% 24% O%

6 8 – n.a. Discontinued operations 14 – n.a.

430 474 383 24% Net income (NIAT) 904 693 30%

(111) (74) (46) 61% Minorities (185) (100) 85%

319 400 337 19% NIAT after minorities 719 594 21%

1.07 1.34 1.13 19% EPS after minorities1 2.41 1.99 21%

491 662 586 13% Clean EBIT 1,15

31,02

313%

297 413 371 11%Clean NIAT after minorities 2 710 635 12%

1.00 1.38 1.24 11%Clean EPS after minorities 1,2 2.38 2.13 12%

6 Q2 2006OMV Group

Vision for 2010: OMV Develops Along the EU Growth Belt

Expand from mature into growing markets

Increase the lead to other regional competitors

Further boost profitability potential

Continued growth

7 Q2 2006OMV Group

Growth and Targets for 2010

Basis 2001 2004 2005

Target2010

Oil and gas production (boe/d)

78,000 125,000 338,000 500,000

Market share in Danube area (%)

9 14 18 20

Retail stations 1,160 1,773 2,451 —

Refining capacity (mn t) 13.0 18.4 26.4 <50.0

Gas marketing volumes (bcm)

6.6 8.41 14.22 20.02

1 OMV Erdgas and EconGas2 OMV Erdgas, EconGas and Petrom

8 Q2 2006OMV Group

Leading Position in the Attractive CEE Market

OMV Refineries Petrom Refineries Danube RiverOther Large Refineries (>3.5 mn t or c.70,000 b/d)

MOLDOVA

5 refineries with a total capacity of 26.4 mn t

2,500 retail sites

17 mn t marketing sales volume

Market share D-13: 20%

9 Q2 2006OMV Group

Exploration and ProductionA new Dimension with Petrom

Austria 151Petrom 991Rest of Europe 26Africa 95Middle East/Caspian 50Australia/New Zealand 36South America 16TOTAL 1,365 Libya

Iran

Yemen

UK

Pakistan

Kazakhstan

Tunisia

Germany

AlbaniaBulgaria

AustriaRomania

Ireland

Australia

New Zealand

Proved Reserves as of December 31, 2005 in mn boe

Austria 39,000Petrom 208,000 Rest of Europe 13,000Africa 35,000Middle East/Caspian 19,000Australia/New Zealand 7,000South America 8,000TOTAL 330,000

Production in 6m/06, in boe/d

OMV’s five core regions

OMV Exploration OMV Exploration & Production Petrom Exploration & Production

10 Q2 2006OMV Group

Production Targets 2010

37 50

214210

87

240

80

70

20

92

(90)

(10)

0

100

200

300

400

500

600

2005 Natural Decline ProductionOptimization

Disposals Developments Exploration Acquisitions 2010

Austria Romania International

Targeting significant production growth in international business outside Austria and Romania

Pro

duct

ion

in 1

,000 b

oe/d

338

500

CAGR 2006 – 20104% excl. acquisitions8% incl. acquisitions

11 Q2 2006OMV Group

Gas Business

► 90% market share of gas imports into Austria in 2005

► Principal provider of gas storage in Austria

► OMV’s infrastructure handles approximately 33% of all Russian gas exports to Western Europe

► Nabucco pipeline project: Development phase started

► Leading position in Austrian gas supply

► 50% stake in market leader EconGas

Leading position in gas transportation and storage

12 Q2 2006OMV Group

VIENNA

BUCHAREST

SOFIA

ANKARA

ISTANBUL

BUDAPEST

Upstream: Access to new (equity) supply sources Middle East, Caspian Region (EP Iran, Bulgaria, Romania)

Midstream: additional transmission business in Austria and abroad and combined storage business (Austria and Romania)

Strengthen turntable position Baumgarten Swap possibilities with international partnersDownstream: Markets along entire pipe route, physical link between CEE

markets and sales cluster (EconGas, Petrom)

Nabucco Pipeline: An Essential Growth Project

?Investment in infrastructure is necessary to monetise gas value in other parts of the chain (E&P, Sales & Trading, Logistics)

Potential entry points (selection)

Investment: EUR 4.6 bnDistance: 3,300 kmFirst gas expected in 2011Capacity: starting 10 bcm

final up to 30 bcm

Decision to be made end of 2007

13 Q2 2006OMV Group

2005Targets

2010ROACE 19.9% 13%

ROE 22.2% 16%-18%

Gearing ratio

(2)% 30%

Payout ratio

21% 30%

13% ROACE is Primary Target

Targets based on mid cycle assumptions: Brent USD 30/bbl EUR/USD 1:1.20 Refining margin (OMV asset mix) USD 4.80/bbl

14 Q2 2006OMV Group

Growth45%

Running business

55%

CAPEX Program for 2006 to 2010

E&P40%

Gas and Corporate

15%

R&M45%

EUR 1,700 mn CAPEX per yearon average excluding acquisitions

Total CAPEX per division CAPEX running business/growth

15 Q2 2006OMV Group

Outlook for 2006

In the current high oil price environment we expect to exceed the excellent performance of 2005, despite the more challenging refining environment

E&P: Crude prices expected to be above last year’s level; additional production from New Zealand, Libya and Yemen, however production forecasted to be 5% below last year; write down for Venezuela being evaluated

R&M: Significantly weaker refining margins compared to last year; high crude prices impact costs of own energy consumption; cracker

on stream in Schwechat leads to higher volumes despite fire incidents; due to high price levels Marketing margins remain under pressure; negative impact from introduction of excise tax on product exports in Romania

Gas: Improvements in storage business expected; gas price liberalization approach in Romania still under discussion

16 Q2 2006OMV Group