Budapest, August 6, 2010 08:30

Magyar Telekom informs its shareholders of a recent development in the registration proceeding regarding the amendments of the corporate data in the companies' register resulting from the shareholders' resolutions of April 7, 2010.

As disclosed on July 23, 2010, the Metropolitan Court of Appeal, in an order dated July 1, 2010, reversed the decision of the Court of Registration suspending the registration proceeding regarding the amendments of the corporate data in the companies' register resulting from the shareholders' resolutions of April 7, 2010 and ordered the Court of Registration to continue the registration proceeding.

The Court of Registration, in its order dated August 2, 2010 and received by the Company on August 5, 2010, registered the amendments of the corporate data in the companies' register resulting from the shareholders' resolutions of April 7, 2010.

As previously disclosed, there are pending lawsuits regarding the shareholders' resolutions of June 29, 2009 and April 7, 2010, respectively. We cannot fully exclude that the Company will be required to take other corporate actions in connection with the law suits. Also, we cannot provide any assurance that these matters would not have other adverse effects on the Company that are not currently foreseen.