The binding offer and the conclusion of the transaction are conditional upon approval of the Extraordinary General Meeting of Shareholders of the Group.

Romgaz published an announcement on the Bucharest Stock Exchange stating that the binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited as endorsed by the Group’s Board of Directors, was submitted to ExxonMobil Upstream Business Development on 30  March 2021. The binding offer and the conclusion of the transaction to acquire all shares  issued by ExxonMobil Exploration and Production Romania Limited are conditional upon approval of the Extraordinary General Meeting of Shareholders of the Group.

The aforementioned binding offer relates to all shares (100% of the share capital) issued by ExxonMobil Exploration and Production Romania Limited, company that holds 50% of the rights and obligations under the Concession Agreement for petroleum exploration, development and production in XIX Neptun Deep Block.

OMV Petrom holds the other 50% participating interest, representing rights and obligations under the Concession Agreement for petroleum exploration, development and production in XIX Neptun Deep Block.