Press Releases

Update on the lawsuit regarding the 2010 shareholders' resolutions

Budapest, May 17, 2010 08:30

Magyar Telekom informs its shareholders of a recent development in the lawsuit regarding the shareholders' resolutions of April 7, 2010 as follows:

The Company has received an order of the Metropolitan Court suspending the implementation of resolutions nos. 5-23/2010 (IV.7.) (decisions regarding the resolutions adopted by the April 25, 2008 Annual General Meeting of the Company that had been rendered ineffective by the Metropolitan Court in a ruling dated May 13, 2009).

Magyar Telekom disagrees with the order and will take the necessary actions in order to persuade the Metropolitan Court to revoke the order.

We cannot fully exclude that the Company will be required to take other corporate actions in connection with the shareholders' suit above. Also, we cannot provide any assurance that this matter would not have other adverse effects on the Company that are not currently foreseen.