Press Releases

Budapest, November 14, 2011 14:45

Magyar Telekom announces that today it will file with the U.S. Securities and Exchange Commission (the "SEC") a Form 15F to terminate registration of its shares and American Depositary Shares ("ADSs") under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act").

As previously announced, Magyar Telekom Plc. (the "Company") delisted its ADSs from the New York Stock Exchange effective November 12, 2010. As also announced previously, the Company intends to deregister its shares and ADSs and terminate its reporting obligations under Exchange Act, and today, the Company will file with the SEC a Form 15F for this purpose. The Company expects the deregistration to become effective on February 12, 2012, 90 days after the filing of the Form 15F. The main purpose of the deregistration is to reduce complexity in financial reporting and administrative costs.

The Company remains committed to serving its investor base in the United States, as well as to comply with the highest standards of corporate governance and to provide transparent financial reporting. The Company will maintain its American Depositary Receipt program on a Level I basis.

The Company will maintain its primary listing on the Budapest Stock Exchange and will continue to make English translations of its annual reports, financial statements and investor releases available on its website at www.telekom.hu.