Investor Releases

Magyar Telekom (Reuters: NYSE: MTA.N, BÉT: MTEL.BU and Bloomberg: NYSE: MTA US, BÉT: MTELEKOM HB), the leading Hungarian telecommunications service provider today announced that the Board of the Hungarian National Regulatory Authority (NRA) has published its resolutions concerning the new interconnection, unbundling and local bitstream access reference offers applicable from April 1, 2009.

Budapest, March 27, 2009

The per minute interconnection rates published by the NRA changed only slightly (by less than 1%) compared to the current rates. The table below sets out the rates applicable from April 1, 2009 (excluding VAT):


The table below sets out the new and current reference unbundling and local bitstream access reference offer monthly fees (excluding VAT):


Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described in, among other things, our Annual Report on Form 20-F for the year ended December 31, 2007 filed with the U.S. Securities and Exchange Commission.

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