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Ad-hoc Report - Assignment of the claims related to Rafo S.A.

In compliance with Law nr. 297/2004 and Regulation no. 1/2006 of CNVM

Date of report : May 26, 2006
Name of issuer : PETROM S.A.
Headquarters : Bucharest, Calea Dorobantilor nr. 239 sector 1
Telephone/fax number : 021 4060101/021 4060436
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute : R
Trade Register Number: J 40/8302/1997
Share capital: 5,664,410,833.5 RON
Regulated market on which the issued shares are traded : Bucharest Stock Exchange

Significant event to be reported:

Assignment of the claims related to Rafo S.A.

Petrom S.A. informs that is has today assigned all its claims related to S.C. Rafo S.A. to Calder – A International BV which is a company organized under Dutch Law.
Petrom S.A. informs that it has received as consideration for the assignment an amount of USD 44 million and considers that all legal matters related to Rafo S.A. are closed with this transaction.