EB's initial dividend proposal for 2016

OMV Petrom S.A.

Executive Board's initial proposal regarding dividend distribution for the financial year 2016

Ad hoc report in compliance with Capital Markets Law no. 297/2004 and Regulation no.1/2006 of NSC

Date of report: February 16, 2017

Name of issuer: OMV Petrom S.A.

Headquarters: Bucharest, Coralilor nr. 22, sector 1

Telephone/fax number: +40 372 160697/ +40 372 868518

Sole registration number at the Trade Register Office: 1590082

Fiscal attribute: RO

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, London Stock Exchange

Significant event to be reported:

Executive Board's initial proposal regarding dividend distribution for the financial year 2016

In accordance with the legal and statutory provisions, it is under the Executive Board duty to make recommendations to the shareholders regarding the distribution of profits.

Based on the 2016 preliminary results and strong free cash flow, the Executive Board of OMV Petrom S.A. proposes a dividend of RON 0.015/share for the 2016 financial year.

This initial proposal observes the current dividend policy and principles of shareholders return for 2016, as published on the OMV Petrom S.A.'s corporate website.

The Executive Board's final proposal for distribution of dividends for the financial year 2016, to be submitted for approval to the April 2017 Ordinary General Meeting of Shareholders, will be subject to the approval by the Supervisory Board and will be communicated on the occasion of the convening of the above mentioned Ordinary General Meeting of Shareholders.

Mariana Gheorghe Andreas Matje

Chief Executive Officer Chief Financial Officer

President of the Executive Board Member of the Executive Board