Budapest,

Magyar Telekom expressed thanks to Zoltán Tankó for his successful work and contribution to promoting the development of the company since 1996. Zoltán Tankó said, commenting on his resignation: “The 11 years I have spent serving the business customers of Magyar Telekom has been a very interesting and useful period. During this time we have made the traditional telephone service provider into the country’s most competitive IT and telecom systems integration company. I think it is time for me to utilize my experiences in another area. I thank my colleagues and co-workers for their support.”

István Papp (35) holds a degree in economics and an MBA diploma from Warnborough University in Ireland. He started his professional career at Integra Kft. From 1996 he worked at Anixter Distribution Hungary, first as commerce director and then regional head of sales. In 1999 he joined Cisco Systems Hungary Kft. During the past 8 years he served in several executive positions at the company and directed its large enterprise, service provider, government, small and medium enterprise, as well as partner relations lines of business. In August 2005, he was appointed head of the region comprising eight countries (Albania, Bosnia-Herzegovina, Croatia, Macedonia, Montenegro, Serbia, Slovenia and Hungary); and was Cisco Systems Director responsible for the Adriatic region and Hungary.

István Papp currently does not hold any Magyar Telekom shares.

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