Ad-hoc Report - AVAS becomes Petrom’s shareholder replacing MEC

In compliance with Law nr. 297/2004 and Regulation nr. 1/2006 of CNVM

Date of report : February 28, 2007
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:

AVAS becomes Petrom’s shareholder replacing MEC
According to the provisions of  the E.G.O. no 101/2006, SC Depozitarul Central SA performed on February 26, 2007 the transfer of Petrom shares owned by the Ministry of Economy and Commerce in the account of The Authority for State Assets Recovery (AVAS).

Subsequent the transfer, the Authority for State Assets Recovery owns 17,481,773,996 shares representing 30.862% of the Petrom share capital.