Dividend

Dividend policy

The Company's Board of Directors approved the new dividend policy in March 2003. According to this policy, finding value-creating acquisitions remains Magyar Telekom's strategic priority. These potential future transactions require that balance sheet flexibility be maintained by keeping the net debt ratio (net debt to net debt plus total equity) in the range of 30-40%. Magyar Telekom would like to highlight that this dividend policy is not only dependent on the acquisition opportunities that may arise, but also on the future financial position of the Group.

Dividend payment for business year 2010

In accordance with the resolution of Magyar Telekom Plc.’s Annual General Meeting held on April 12, 2011, the company will pay its shareholders HUF 50 gross dividend per ordinary Magyar Telekom share for the business year 2010. Dividend payment will start on May 12, 2011.

The record date related to the dividend payment is May 5, 2011. Shareholders who hold Magyar Telekom shares in their securities accounts on that day – May 5, 2011 - will receive a dividend. The last day when shares can be bought on the Budapest Stock Exchange that will be entitled to the dividend paid for the 2010 business year is May 2, 2011.

Announcement on the procedure of dividend payment

Announcement on dividend proposal