Extraordinary announcement on change in the senior management of the Company

The Board of Directors of Tisza Chemical Group Public Limited Company (TVK Plc.) hereby informs its shareholders and capital market participants that as from September 1, 2014 Artur Thernesz will be the Chief Executive Officer of TVK Plc. Artur Thernesz does not hold any TVK shares.

Artur Thernesz is an internationally renowned downstream business leader. He joined the industry with the local ESSO affiliate in Hungary, followed by management assignments in Europe and served as Executive Director of ExxonMobil Hungary. In 2005, he was invited to establish and lead international Downstream Development activities of the growing MOL Group. He has been initiator of major growth and efficiency improvement programs laying the solid foundation for the Group's competitiveness today. He actively built young generation in the Growww and Freshhh talent programs and seeded the Downstream Academy for young engineers. Artur Thernesz speaks four languages, earned an MBA in Finance and holds an MSc degree in Chemical Engineering. In January 2012, he was appointed Executive Director for Refining and Marketing in INA. With deploying his multi-cultural leadership skills, he built an international team of managers that demonstrated a large scale improvement in both operation and business performance. He will accomplish his assignment by 1 September, 2014.

After September 1, 2014 Zsolt Pethõ, Chief Executive Officer of TVK Plc. deals with his duties of MOL Hungary Downstream Senior Vice President.

We wish both of them further success in their professional career.
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