Press News

Budapest, May 26, 2008

Two Hungarian minority shareholders filed a law suit against Magyar Telekom 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 believes the suit to be without merit and will vigorously defend against it. The dividend payment will be executed as decided by the shareholders on April 25, 2008, including its time line previously announced by the Company. Magyar Telekom has also been recently sued by companies in which the same two shareholders have ownership interests, respectively: that suit is in connection with the termination of the claimants' agreements for the operation of Magyar Telekom’s call centers earlier this year.