Press Releases

Budapest, June 16, 2010 18:00

Magyar Telekom informs its shareholders of a recent development in the lawsuit regarding the shareholders' resolutions of June 29, 2009 as follows:

As previously disclosed, two Hungarian minority shareholders filed a lawsuit against the Company requesting the Court to render ineffective the resolutions passed by the extraordinary general meeting on June 29, 2009. The Metropolitan Court, acting as a court of first instance rejected this claim in its decision announced on June 16, 2010.

The plaintiff shareholders may appeal the court's decision and therefore the decision of the court is not final and binding. Accordingly, we cannot fully exclude that the Company will be required to take other corporate actions in connection with the above shareholders' suit in the event of an appeal and/or an adverse outcome of an appeal. Also, we cannot provide any assurance that this matter would not have other adverse effects on the Company that are not currently foreseen.

About Magyar Telekom
Magyar Telekom is Hungary's biggest provider of telecom services.
It provides a full range of telecommunications and infocommunications (ICT) services including fixed line and mobile telephony, data transmission and non-voice as well as IT and systems integration services. The business activities of Magyar Telekom are managed by two business units: Consumer services (the home-related services brand T-Home and the mobile communications brand T-Mobile) and Business services (T-Systems brand). Magyar Telekom is the majority owner of Makedonski Telekom, the leading fixed line and mobile operator in Macedonia and it holds a majority stake in Crnogorski Telekom, the leading telecommunications operator in Montenegro. Magyar Telekom's majority shareholder (59.21%) is MagyarCom Holding GmbH, fully owned by Deutsche Telekom AG. For further information visit www.telekom.hu.