Press Releases

Budapest, July 21, 2000

From September 1st, 2000 a newly appointed Chief Executive Officer, László Drajkó, will manage MATÁVnet Ltd., Hungary's market-leading Internet Service Provider. Since the departure of the managing director in March, management functions at the firm have been carried out by György Simó, deputy CEO, who will continue his work from September onwards in his original position.

László Drajkó (32), after finishing his studies at the Technical University of Budapest and the Technical University of Delft (the Netherlands), has worked as managing director of Novell Hungary and later at Compaq Computer Hungary. Later on, he managed a market development team as general manager at Compaq's German firm covering 14 Eastern European countries.

"Regarding Matáv's objectives in 2000, IP technology will continue to enjoy priority. This is why I consider it very important that a young and dynamic management team with significant domestic and international experience should direct the ISP subsidiary of our Company - stated Elek Straub, Matáv's Chairman and Chief Executive Officer in relation to the appointment.

MATÁVnet is the market leading domestic ISP. MATÁVnet operates the [origo] portal which is visited by more than 100 thousand users a day, the [origo] Freemail free e-mail system with more than 350 thousand registered users, the Vizsla browser and many other popular online services.