OMV intends to continue to purchase own shares

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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
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Wien (euro adhoc) - - Share buy back program continued to serve
primarily outstanding convertible bonds

Notification of the intended purchase of own shares of the Company
pursuant to section 65 para 1 no. 4 and 8 and para 1a of the Austrian
Stock Corporation Act (Aktiengesetz) and section 82 para 8 Stock
Exchange Act (Börsegesetz)

The OMV Executive Board decided to continue the purchase of own
shares to serve the convertible bonds and stock options on January 8,
2007. The legal authorization was obtained at the Annual General
Meeting on May 24, 2006 (published on the OMV website www.omv.com >
About OMV > Investor Relations > Investor News > Annual General
Meeting 2006 on May 24, 2006 and on page 36, in Wiener Zeitung on May
27, 2006).

Share buyback 2007 Period: January 12, 2007 until November 23, 2007
Type: non-par value share (ISIN: AT0000743059) Intended volume: up to
2,500,000 shares, i.e. up to 0.83% of the total number of shares
Repurchase price: current stock price with a minimum of EUR 25 and a
maximum price per share which must not exceed the average un-weighted
closing price over the ten preceding trading days by more than 30%
Type of sale: via Vienna Stock Exchange Purpose: the acquired company
shares will be used to serve convertible bonds or will be offered to
members of the Executive Board of OMV Aktiengesellschaft and defined
senior executive managers of OMV Aktiengesellschaft and associated
companies in the form of stock options

Convertible bonds In June 2006 the Company commenced a share buyback
program during which a total of 4,695,400 shares were repurchased
until the end of December 2006. These shares have been used
exclusively to serve bonds converted into ordinary shares, avoiding
the need to issue new shares. As at January 1, 2007 the total number
of convertibles outstanding is 165,459 (equaling 1,654,590 shares).
The additional share buy back program for 2007 is intended to be used
primarily for serving the outstanding convertible bonds.

Changes and transactions will be published on the OMV homepage
www.omv.com > About OMV > Investor Relations > Stock Information >
Stock Buybacks/Sale.

end of announcement euro adhoc 08.01.2007 17:30:00
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ots Originaltext: OMV Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 874341
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing