Q4/16 Trading Update Key Performance Indicators

Economic environment

 Q4/15

 Q1/16

 Q2/16

 Q3/16

 Q4/16

 Average Brent price (USD/bbl)

43.76

33.94

45.59

45.86

49.33

 Average Urals price (USD/bbl)

42.26

32.29

43.91

44.10

47.89

 Average RON-USD FX-rate

4.067

4.073

3.984

3.999

4.174

 Average RON-EUR FX-rate

4.457

4.491

4.498

4.465

4.507

 Source: Reuters/Platts, NBR

 Upstream

 Q4/15

 Q1/16

 Q2/16

 Q3/16

 Q4/16

 Total hydrocarbon production (kboe/d)

176

175

177

174

170

thereof crude oil and NGL production (kboe/d)

81

81

81

79

78

thereof natural gas production (kboe/d)

96

94

96

95

92

 Total hydrocarbon sales volume (mn boe)

15.4

14.9

15.1

15.1

14.8

 Average realized crude price (USD/bbl)

36.07

26.69

36.86

37.41

41.55

 Downstream Oil

 Q4/15

 Q1/16

 Q2/16

 Q3/16

 Q4/16

 Indicator refining margin (USD/bbl)*

7.75

8.06

6.82

5.96

7.14

 Refinery utilization rate (%)

92

94

68

97

96

 Total refined product sales (mn t)

1.34

1.14

1.13

1.39

1.27

 Downstream Gas

 Q4/15

 Q1/16

 Q2/16

 Q3/16

 Q4/16

 Gas sales volumes to third parties (TWh)

10.70

12.88

9.67

8.89

12.41

 Net electrical output (TWh)

1.13

0.42

0.48

1.20

0.82

* The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield and operating conditions