Ad-hoc | 29 January 2002 10:30

OMV AG english

OMV increases its capital expenditures Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– OMV increases its capital expenditures – Reinforcement of OMV’s organic growth targets – Total CAPEX 2002 to 2004 planned at EUR 2.7 billion – Focus on Exploration and Production, Marketing and Melamine OMV Group today underlined that its capital expenditure (CAPEX) plans for the three-year period 2002 to 2004 will total EUR 2.7 billion. This increase underlines the Group’s commitment to reinforce and speed up investment in OMV’s principal growth segments. Exploration and Production (E&P), Marketing and Melamine. “We reinforce our strategy of organic growth and have therefore increased our capital expenditure”, commented Wolfgang Ruttenstorfer, CEO, today. For further information, please contact: OMV Presse: Bettina Gneisz Tel. 0043 1 40440 21660; e-mail: bettina.gneisz@omv.com Investoren/Analysten: Brigitte H. Juen Tel. 0043 l 40440 21622; e-mail: investor.relations@omv.com Internet home page: http://www.omv.com Weber Shandwick Square Mile Claudine Cartwright, London Tel: +44 20 7950 2862; E-Mail: ccartwright@webershandwick.com Golin Harris Ludgate Allan Jordan, New York Tel: +1 (212) 697 9191; E-Mail: ajordan@golinharris.com end of ad-hoc-announcement (c)DGAP 29.01.2002 ——————————————————————————– WKN: 874641; ISIN: AT0000743059; Index: ATX Listed: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt und Hamburg; Freiverkehr in Berlin, Hamburg und Stuttgart 291030 Jän 02