Annual General Meeting - April 27, 2005

The Board of Directors of Matáv
hereby notifies Shareholders that the Company will hold
the Annual General Meeting at 11.00 a.m. on April 27, 2005

Time of the General Meeting: 11.00 a.m. on April 27, 2005
Venue of the General Meeting: the headquarters of the Company, Tölösi Conference Center Budapest I., Krisztina krt. 55.
   
Agenda:
1. Report of the Board of Directors on the management of the Company, the business policy of Matáv Group and report on the business operations and the financial situation of Matáv Group in 2004 according to the requirements of the Accounting Act
2. Report of the Board of Directors on the business operations of the Company in 2004, presentation of the report of the Supervisory Board and the Auditor
3. Proposal of the Board of Directors for the use of the profit after tax earned in 2004
4. Modification of the Articles of Associations of the Company
5. Election of Member of the Board of Directors
6. Election of Members of the Supervisory Board
7. Determination of the remuneration of the members of the Supervisory Board
8. Miscellaneous