Magyar Telekom today announced that, in accordance with the resolution of Magyar Telekom Plc.’s Annual General Meeting held on April 25, 2008, the company will pay its shareholders HUF 74 gross dividend per ordinary Magyar Telekom share of HUF 100 par value (ISIN number: HU0000073507) for the business year 2007. Dividend payment will start on May 27, 2008. The record date is May 20, 2008. The last day when shares bought on the Budapest Stock Exchange will be entitled to the dividend paid for the 2007 business year is May 15, 2008.