Summary

OMV successfully receives arbitral award in relation to its German gas supplies from Gazprom Export.

• OMV's arbitration proceedings against Gazprom Export under ICC rules concluded with an award on November 13, 2024
• OMV is taking steps to recover damages from Gazprom Export based on this arbitral award of EUR 230 mn plus interest and costs
• The arbitral award will be set off with immediate effect against payments to be made by OMV to Gazprom Export under its Austrian gas supply contract
• Established extensive diversification measures will allow OMV to supply its customers in case of potential disruptions of Russian gas supply