Press Releases

Result of the voluntary public offer for all outstanding shares in EPT and the subsequent exercise of Magyar Telekom's purchase right

Budapest, April 13, 2010 17:30

Magyar Telekom (the Company), fulfilling its obligation set out in section 55(1) of Act CXX of 2001 on the capital market, announces that, as a result of the voluntary public offer for all outstanding shares in Első Pesti Telefontársaság Plc. (EPT Plc.) and the subsequent exercise of Magyar Telekom's purchase right the Company has become the sole shareholder in EPT Plc. owning 100% of its shares.

On January 15, 2010, Magyar Telekom announced and launched a voluntary public offer for all outstanding shares in EPT Plc. Following the public offer, the Company exercised its purchase right for the EPT shares not acquired through the public offer process. As a result, effective from April 13, 2010, Magyar Telekom has become the sole shareholder in EPT Plc. owning a 100% stake.

About Magyar Telekom
Magyar Telekom is Hungary's largest telecommunication service provider, which offers the full range of telecommunication and info-communication (ICT) services, including fix and mobile phone, data transmission and non-voice, as well s IT and system integration services. The company pursues its business through its two business units: Consumer Services Business Unit (the T-Home brand of services accessed at home and the T-Mobile brand of mobile communication services); Business Services Business Unit (T-Systems brand). Magyar Telekom is majority owner of Makedonski Telekom, the largest fix and mobile service provider of Macedonia, as well as Crnogorski Telekom, Montenegro's largest telecommunication service provider. Magyar Telekom's majority (59.21%) owner is MagyarCom Holding GmbH, which is exclusively owned by Deutsche Telekom AG. Further information is available at www.telekom.hu.