Investor Releases

Budapest, October 13, 2006

The Supervisory Board of Magyar Telekom Telecommunications Public Limited Company (headquarters: 1013 Budapest, Krisztina krt.55.) hereby notifies Shareholders that the Company will hold its Extraordinary   General Meeting at 1.00 p.m. on November 15, 2006

Venue of the General Meeting: The headquarters of the Company, Tölösi Conference Center, Budapest I., Krisztina krt. 55.

Way of organizing the General Meeting: participation in person.

Agenda of the General Meeting:

1.   Presentation of the report of the Supervisory Board on the Company’s 2005 annual report
2.   Decision on the Company’s annual report and on the use of the 2005 profit after tax
3.   Election of the Company’s auditor, determination of its remuneration
4.   Miscellaneous

Conditions for participation and exercising voting rights at the General Meeting

Shareholders may exercise shareholder’s rights at the General Meeting either in person or through a duly authorized representative.

• Shareholders participating in person identify themselves with their identity card whereas their ownership is certified through the ownership certificate issued by their custodian. Shareholders registered in the Stock Registry but not being able to present their ownership certificate may participate the General Meeting but may not exercise their voting and proposal rights.
• The proxy shall be set forth in a public instrument or a private document of full probative force. The proxy shall be presented to the representative of the Board of Directors prior to the commencement of the General Meeting. Regarding ownership certificates the provisions of Section a) shall prevail.
• Custodians, registered in the Stock Registry and acting as nominees may act on behalf of the shareholder pursuant to Act CXX of 2001 (Act on Capital Markets).

The condition of exercising voting rights at the General Meeting is that the shareholder or the nominee (except proxy holders acting on the basis of the authorization of the shareholder issued in the form of a public instrument or a private document of full probative force) is registered as such in the Stock Register at least six (6) working days prior to the date of the General Meeting (i.e. latest by 2006, November 7) and froze their shares up until the day of the GM (including the day of the GM). The registry of shareholders in the Stock Registry and the freezing of shares shall be arranged by their respective custodians - on the basis of the relevant assignment of the shareholder. Shareholders are informed by their custodians about the deadline of being registered in the Stock Register. The Company shall not be held liable for the due performance or failure to perform such assignments given to custodians and for the relevant consequences.

We wish to remind our shareholders that the registration will take place from 11 a.m. to 12.30 p.m. In the case of registration after the above indicated period the Company may not be held liable if the shareholder (or the proxy) misses part of the General Meeting due to late registry.

If the General Meeting does not have a quorum, the Board of Directors convokes the repeated General Meeting to November 15, 2006 at 3 p.m. with the same agenda to the above specified place. The repeated General Meeting shall have a quorum irrespective of the number of shareholders/votes being present.

The Supervisory Board of Magyar Telekom Telecommunications Public Limited Company

Announcement on the place of availability of the documents of the General Meeting
We wish to inform our shareholders that the submissions prepared in writing of the Extraordinary General Meeting to be held as of November 15, 2006 are available from October 30, 2006 at the customer service office of KELER Ltd. (1075 Budapest, Asbóth u. 9-11.) between 9 a.m. – 3 p.m., on the web site of Magyar Telekom Plc. (www.magyartelekom.hu) and the Budapest Stock Exchange (www.bet.hu) and at the place of the General Meeting from the commencement of registration (November 15, 2006 11 a.m.).