Press Releases

Budapest, April 29, 2009 14:00

The Shareholders' Assembly of Magyar Telekom's Macedonian subsidiary, Makedonski Telekom AD (MakTel), held today in Skopje, adopted the annual accounts and the audited financial statements of the company for 2008, the annual report on the business operations of Makedonski Telekom for the previous year as well as the operation of the members of the company's Board of Directors for 2008.

The Shareholders' Assembly has adopted a resolution on a total dividend payment of MKD 6.16 billion (around HUF 29.7 billion at the 28 April 2009 HUF/MKD exchange rate of 4.82) for the financial year 2008.

According to Macedonian Accounting Standards (MAS), on a standalone basis, MakTel recorded a net income of MKD 6.16 billion for 2008, all of which will be distributed in line with the decision of the Shareholders' Assembly. Stonebridge "under liquidation", which is 100% owned by Magyar Telekom, is entitled to a dividend payment of approximately MKD 3.5 billion (HUF 16.9 billion).

In addition, the Shareholders' Assembly appointed Mr. Stefan Körber as new member of MakTel's Board of Directors, replacing Mr. Wolfgang Hauptmann.