Extraordinary announcement of changes of shareholders owning more than 5% stake

Hermész Mérnöki Tanácsadó és Nagykereskedelmi Kft.’s stake in TVK decreased from 8.02 % to 0 % as of January 04, 2005 Slovnaft A.S. (82412 Slovak Republic, Vlcie Hrdlo, Bratislava) was registered with a 8.02 % stake in TVK’s Share Register as of January 04, 2005.

ST2. Announcement of the acquisition of or change in a ratio of more than 5 % ownership

Name of shareholder acquiring, holding more than 5 % interest Hermész Mérnöki Tanácsadó és Nagykereskedelmi Kft.
Security name, type TVK ordinary shares
Exchange listed (yes/no) Yes
Type of transaction (purchase/sale) Sale
Securities subject to the transaction (qty) 1,958,743
Securities subject to the transaction (%) 8.02
Date of transaction 15.12.2004
Date of notice to Company 27.12.2004.
Holdings before notice (qty) 1,958,743
Holdings before notice (%) 8.02
Holdings after notice (qty) 0
Holdings after notice (%) 0

ST2. Announcement of the acquisition of or change in a ratio of more than 5 % ownership

Name of shareholder acquiring, holding more than 5 % interest Slovnaft A.S.
Security name, type TVK ordinary shares
Exchange listed (yes/no) Yes
Type of transaction (purchase/sale) Purchase
Securities subject to the transaction (qty) 1,958,743
Securities subject to the transaction (%) 8.02
Date of transaction 15.12.2004
Date of notice to Company 27.12.2004
Holdings before notice (qty) 0
Holdings before notice (%) 0
Holdings after notice (qty) 1,958,743
Holdings after notice (%) 8.02

Olvasó Árpád
CEO