Ad-hoc report- Investigation by the Romanian Competition Council
Date of report: November 16, 2011
Name of issuer: OMV Petrom S.A.
Headquarters: Bucharest, Coralilor Street nr. 22, sector 1 ("Petrom City")
Telephone/fax number: +40 372 429082
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:
Investigation by the Romanian Competition Council
OMV Petrom SA ("OMV Petrom") received a statement of objections from the Romanian Competition Council concerning an alleged breach of antitrust regulations with respect to the withdrawal of the retail product Eco Premium (unleaded gasoline pre-mixed with lead substitute) from the Romanian fuels market. The alleged breach concerns a number of the key players on the Romanian fuels market.
The findings of the Competition Council, including possible financial sanctions, will be stated in the final decision which will be issued after the receipt of OMV Petrom’s response to the statement of objections and after a hearing at the Competition Council. In accordance with applicable antitrust regulations the maximum fine may be up to 10% of the turnover.
OMV Petrom is of the opinion that the allegations are unjustified and will take all necessary measures to ensure that its position is fairly represented and reflected in the decision of the Competition Council.
During the time period of the alleged breach, Eco Premium had a market share of approximately 2% on the Romanian fuels market. The decision to withdraw Eco Premium from the market was based on environmental and economic reasons, duly considering consumers’ interests.
President of the Executive Board
Chief Executive Office