Investor Releases

Matáv (NYSE: MTA.N and BSE: MTAV.BU), the leading Hungarian telecommunications service provider, hereby announces that Mr. Horst Hermann formerly Director of Strategic Branch has been appointed to Chief Strategy and International Officer.

January 28, 2002

At the same time Mr. József Szabó, member of the Supervisory Board has resigned from his position as of December 31, 2001

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