Oil price and improved refining environment support results:
The average Brent price increased by 32% YoY; production increased to 318,000 barrels of oil equivalent per day; middle distillate and petrochemical margins showed signs of improvement.

Cost control remains a key focus:
Clean CCS EBIT increased to EUR 623 million from EUR 151 million in Q2 2009; clean CCS net income after minorities was up more than threefold to EUR 314 million; realization of group wide cost reduction program well on track.

Outlook for 2010:
In E&P, we expect production to continue to increase; in R&M, the sustainability of higher refining margins remains to be seen; in G&P, the margin situation is expected to stay challenging, while the major projects are progressing.

Mr Wolfgang Ruttenstorfer CEO of OMV that "In Q2 2010 we managed to deliver a set of results well above the level a year ago and continued our solid performance from Q1 2010. This is reflective of both an increase in production as well as a business environment which saw rising oil prices, a strengthened USD and an improvement in middle distillate and petrochemical margins. The latter proved to be an important driver that enabled the R&M business to return to a robust results contribution. As reinforced in our recent strategy update we will put further emphasis on our 3 plus strategy and its three strategic thrusts which are regional focus, portfolio adaptation as well as integration and cost control in order to continue on a path of sustainable growth. I would also like to use the opportunity to welcome our new board member Mr Jaap Huijskes who took over responsibility for the E&P business segment from my commendable colleague Mr Helmut Langanger in July 2010."