Investor Releases

MakTel's new chief executive officer is Mr. Attila Szendrei

September 19, 2002

Matáv (NYSE: MTA and BSE: MTAV.BU), the leading Hungarian telecommunications service provider, is pleased to announce the appointment of Mr. Attila Szendrei as CEO of MakTel.

Mr. Szendrei succeeds Mr. John Munnery as CEO. The appointment has been approved by the MakTel Board of Directors at its meeting today and takes effect from September 19 2002

Mr Szendrei (49) has held a number of senior positions both in Hungary and abroad. He holds degrees in Engineering and Economics. Most recently he has served as CEO of Matáv?s CATV subsidiary, MatávkábelTV Kft. Mr. András Piller will be appointed as new CEO of MatávkábelTV Kft as of October 14, 2002

Matáv holds a majority stake in Stonebridge Communications AD which in turn is the majority shareholder in MakTel, the sole fixed line and the leading mobile operator in Macedonia.