Press Releases

Update on the registration proceeding regarding the 2010 shareholders' resolutions

Budapest, May 21, 2010 08:30

Magyar Telekom informs its shareholders of a recent development in the registration proceeding regarding the amendment of the data of the trade registry as a result of the shareholders' resolutions of April 7, 2010 as follows:

urther to our previous disclosure, the Company has received an order of the Metropolitan Court, acting as a Court of Registration dated May 20, 2010 in which the Court of Registration ordered the suspension of the registration proceeding regarding the amendment of the data of the companies register as a result of the shareholders' resolutions passed by the general meeting on April 7, 2010 until a final and binding decision is made in the lawsuit initiated in connection with the matter.

Magyar Telekom disagrees with the order and will vigorously defend against it.

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