Budapest, May 31, 2010 18:00

Magyar Telekom (Reuters: NYSE: MTA.N, BÉT: MTEL.BU and Bloomberg: NYSE: MTA US, BÉT: MTELEKOM HB), the leading Hungarian telecommunications service provider, announces legal proceeding initiated by a minority shareholder.

Magyar Telekom has received information from a minority shareholder that the shareholder has filed a lawsuit against the Company, requesting the Court to render ineffective the resolutions nos. 23-81/2010 (IV.7) passed by the general meeting on April 7, 2010. The Company has not yet received official notice of the claim.

Magyar Telekom disagrees with the lawsuit initiated by the minority shareholder and will vigorously defend against the claim.

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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, 2009 filed with the U.S. Securities and Exchange Commission.