Magyar Telekom announcement in accordance with Section 55(2) of the Act on the Capital Markets

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB) (the “Company”), the leading Hungarian telecommunications service provider announces that Deutsche Telekom AG notified the Company on February 27, 2014 that the owner of CMobil B.V. has changed. T-Mobile Global Holding Nr. 2 GmbH, 100% owned by Deutsche Telekom AG, the Company’s indirect owner, increased the registered capital of another of its 100% owned subsidiary registered in the Netherlands, Deutsche Telekom Europe Holding B.V., through in-kind contribution of CMobil B.V. shares as of February 26, 2014. As a result of this Deutsche Telekom Europe Holding B.V. became the new 100% direct owner of CMobil B.V. and at the same time the indirect owner of Magyar Telekom, while the direct owner of 59.21% of Magyar Telekom’s voting rights attached to the shares remained CMobil B.V. Considering that CMobil B.V. is 100% owned by Deutsche Telekom Europe Holding B.V., whose direct 100% owner is T-Mobile Global Holding Nr. 2 GmbH and T-Mobile Global Holding Nr. 2 GmbH is 100% owned by Deutsche Telekom AG, as a result of the transaction the indirect voting rights and overall influence of Deutsche Telekom AG in Magyar Telekom remains unchanged provided that the indirect influence is to be exercised through three intermediary companies (CMobil B.V., Deutsche Telekom Europe Holding B.V. and T-Mobile Global Holding Nr. 2 GmbH) belonging to the Deutsche Telekom Group.

Standard Form for major holding notification
(for Voting rights attached to shares, and for Financial instruments)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachediiMagyar Telekom Nyrt.

2. Reason for the notification (please tick the appropriate box or boxes):

[x] an acquisition or disposal of voting rights
[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
[ ] an event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification obligationiiiDeutsche Telekom Europe Holding B.V.

4. Full name of shareholder(s) (if different from 3.)iv

5. Date of the transaction and date on which the threshold is crossed or reachedvFebruary 26, 2014

6. Threshold(s) that is/are crossed or reached:indirect 50%

7. Notified details:

A) Voting rights attached to shares

B) Financial Instruments

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8. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicablexviNumber of voting rights of CMobil B.V.: 617 436 759, percentage 59,21%. The new 100% direct owner of CMobil B.V. is Deutsche Telekom Europe Holding B.V. whose 100% direct owner is T-Mobile Global Holding Nr. 2 GmbH. T-Mobile Global Holding Nr. 2 GmbH’s 100% direct owner is Deutsche Telekom AG.


9. In case of proxy voting:N/A.

10. Additional information:T-Mobile Global Holding Nr. 2 GmbH increased the registered capital of another of its direct 100% owned subsidiary, Deutsche Telekom Europe Holding B.V., through in-kind contribution of CMobil B.V. shares as of February 26, 2014. As a result of this Deutsche Telekom Europe Holding B.V. became the new 100% direct owner of CMobil B.V. and at the same time the indirect owner of Magyar Telekom, while the direct owner of 59.21% of Magyar Telekom’s voting rights attached to the shares remained CMobil B.V. As a result of the transaction the indirect voting rights and influence of Deutsche Telekom AG, and generally, the voting rights and influence of Deutsche Telekom Group do not change provided that Deutsche Telekom AG will be able to exercise its indirect influence through three intermediary companies, CMobil B.V., Deutsche Telekom Europe Holding B.V. and T-Mobile Global Holding Nr. 2 GmbH, belonging to the Deutsche Telekom Group.

Notes to the Form

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In relation to the transactions referred to in points (b) to (h) of Article 10 of that Directive, the following list is provided as indication of the persons who should be mentioned:
- in the circumstances foreseen in letter (b) of Article 10 of that Directive, the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;
- in the circumstances foreseen in letter (c) of Article 10 of that Directive, the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;
- in the circumstances foreseen in letter (d) of Article 10 of that Directive, the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;
- in the circumstances foreseen in letter (e) of Article 10 of that Directive, the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Article 9, under letters (a) to (d) of Article 10 of that Directive or under a combination of any of those situations, the controlled undertaking;
- in the circumstances foreseen in letter (f) of Article 10 of that Directive, the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;
- in the circumstances foreseen in letter (g) of Article 10 of that Directive, the natural person or legal entity that controls the voting rights;
- in the circumstances foreseen in letter (h) of Article 10 of that Directive, the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion.

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This investor news may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should not have undue reliance placed upon them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

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 Reports for the year ended December 31, 2012 available on our website athttps://www.telekom.hu

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