Press Releases

MATÁV proposes 2000 dividend of HUF 10 per share

Budapest, March 27, 2001

The Board of Directors of Matáv (NYSE: MTA.N and BSE: MTAV.BU) today announced that Matáv will hold its Annual General Meeting on April 27th, 2001.

Prior to that the Board of Directors and the Supervisory Board have voted to accept the annual report and financial accounts of Matáv Ltd. and Matáv Group, prepared in accordance with Hungarian Accounting Rules (HAR).

The Board of Directors will propose to the Annual General Meeting of Shareholders a 2000 dividend of HUF 10 per each share of HUF 100 par value (representing approximately USD 0.17 per ADR, each equivalent to five ordinary shares*). The Board indicated that it would review Matav's dividend policy for next year in line with the company's strategic development.

For more details about the AGM, see Matáv's official announcement, also available on our website (

* Approximate amount presented for reader convenience only. The exact dollar amount of the ADR dividend will be depend on the USD/HUF exchange rate on the date of payment.