Budapest, September 29, 2017 11:30

Budapest – September 29, 2017 – Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the “Company”), the leading Hungarian telecommunications service provider, hereby announces that on eptember 28, 2017, to enable the operation of the incentive program based on the new remuneration policy announced in the interim financial report on May 10, 2017, the Company purchased 59,969 Magyar Telekom ordinary shares (HU0000073507) over the counter from the Magyar Telekom Plc. Employee Share Ownership Program Organization (ESOP Organization) at HUF 477 per share in order to harmonize the number of shares held by the ESOP Organization and the number of employees having members’ shares in the ESOP Organization. Following the transaction the number of treasury shares held by Magyar Telekom increased to 988,199.

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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 Reports for the year ended December 31, 2016 available on our website at https://www.telekom.hu.