Budapest, September 20, 2006 12:30

On the decision of the Board of Directors of Magyar Telekom, from September 20, 2006 György Simó, the present deputy head of the Wireline Services Line of Business of Magyar Telecom and chief executive officer of T-Online Hungary Ltd. will fill the post of head of the Wireline Services Line of Business (T-Com). Besides this post György Simó will also remain the chief executive officer of T-Online. The Board has also decided to appoint Thilo Kusch chief financial officer of Magyar Telekom following the departure of the previous CFO Dr. Klaus Hartmann.

György Simó, 39, graduated from the Eötvös Loránd University. He worked in different areas of the media between 1991 and 1998. From 1998 he ran the content services business unit of the newly emerging Matávnet Kft. (the legal predecessor of T-Online Ltd.). From December 2000 he filled the post of general deputy of the CEO responsible for the company’s media branch, strategy and communication operations, and on November 1, 2003 he was appointed chief executive officer. When the Wireline Services Line of Business emerged on January 1, 2005, Simó was appointed to lead the Internet Division, and on May 1, 2005 he was promoted to deputy head of the Wireline Services LoB (T-Com) of Magyar Telekom. After the departure of Christopher Mattheisen, on June 15, 2006 György Simó was put in charge of T-Com as its acting head.

As CEO of T-Online György Simó has been successfully running T-Com’s most dynamically growing business area, the Internet Division, and in this capacity he has played a key role in the explosive growth of broadband Internet and in the attainment of market leading position by the origo internet portal.

The Board of Directors has also decided to appoint Thilo Kusch chief financial officer of Magyar Telekom after the departure of the previous CFO Dr. Klaus Hartmann. Thilo Kusch has been working for the Deutsche Telekom Group for almost 5 years, prior to this assignment he was responsible for Deutsche Telekom’s investor relations in the capacity of senior executive vice-president. He formerly worked as securities analyst and advisor.