Abu Dhabi, UAE – July 16, 2025: Abu Dhabi National Oil Company P.J.S.C. (ADNOC) announced today its intention to transfer its 24.9% shareholding in OMV AG (OMV) to XRG P.J.S.C (XRG), its wholly-owned international investment company.

This transfer, which is subject to regulatory approvals, is aligned with the group’s strategy to consolidate its international growth investments under XRG.

Abu Dhabi National Oil Company is also progressing with preparation for the proposed establishment of Borouge Group International, which is set to be a top-four global polyolefins producer. ADNOC’s proposed 46.94% shareholding in the new entity is expected to be held by XRG upon completion of the transaction, subject to regulatory approvals.

Abu Dhabi National Oil Company remains committed to its longstanding partnership with OMV through XRG and reaffirms its support for the company’s continued growth and success.

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About Abu Dhabi National Oil Company

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification. To find out more, visit: www.adnoc.ae