Investor Releases

Budapest, May 13, 2009

Magyar Telekom (Reuters: NYSE: MTA.N, BÉT: MTEL.BU and Bloomberg: NYSE: MTA US, BÉT: MTELEKOM HB), the leading Hungarian telecommunications service provider, announces that the first instance Court ruled on May 13, 2009 to annul the resolutions (except for one procedural resolution) passed by the AGM on April 25, 2008.

As it was disclosed on May 26, 2008, two Hungarian minority shareholders filed a law suit against the Company on May 23, 2008, requesting the Court to annul the resolutions passed by the AGM on April 25, 2008, including the resolution on the payment of dividends.  

Magyar Telekom believed the suit to be without merit and has been vigorously defending against it. The dividend payment was executed as decided by the shareholders on April 25, 2008.  

Magyar Telekom believes the ruling, which is not final, to be unfounded and will appeal against it.  

 

 

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