Press Releases

Budapest, August 15, 2006

Magyar Telekom's Board of Directors (Board) at its meeting held yesterday had decided to call the company's Extraordinary General Meeting.

The Board discussed the current status of the previously announced and ongoing investigation into certain contracts and the related circumstances, stating it was not in a position to approve the company's 2005 annual report at this time. However, it decided to call the company's Extraordinary General Meeting to inform its shareholders. The timing as well as the agenda of the General Meeting will be announced shortly.