Press Releases

Budapest, October 31, 2000

As of November 1, 2000, Dr. Klaus Hartmann has been appointed to the position of Chief Financial Officer at MATÁV.

Mr. Hartmann graduated with a PhD in Economics. He also holds an MBA of the University of Birmingham. Prior to his employment with Deutsche Telekom, Dr. Hartmann worked for Arthur Andersen in Germany, and as treasurer and operational controller for a subsidiary company of the BICC Group. Dr. Hartmann joined Deutsche Telekom in 1995 as Manager International Capital Markets, and became Corporate Treasurer of Global One, a joint venture of Deutsche Telekom, France Telecom and Sprint, in 1997. He returned to Deutsche Telekom's Headquarters in Bonn, acting as Senior Advisor to the CFO, in April 2000. He has been elected member of Matáv's Board of Directors on October 27th, 2000.

Mr. John Brady, Matáv's CFO up to the present, is giving up his position at MATÁV and will return to the USA.