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Investor Presentaiton

Segment Croatia - Mobile Key Performance Indicators ARPU* (in EUR) MoU per Subscriber* (in min) 14.0 13.4 13.4 12.5 97.1 96.5 92.6 89.8 88.8 12.4 T T Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q4 10 Q1 11 Q2 11 Q3 11 Mobile Broadband Customers* (in 000) Mobile Penetration* (in %) 192.9 165.1 170.6 144.8 147.8 119.1% 118.0% 116.8% T I Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q4 10 T Q4 11 127.0% 119.9% T Q1 11 Q2 11 Q3 11 Q4 11 * Due to a new definition on prepaid subscribers, the counting method of active prepaid SIM cards was changed from a 15-month rolling average to a 90 day active methodology. Following this implementation historic KPI's have been restated as of Q1 2010. As of Q4 2011 calculation method of fixed access lines has been harmonized to Group standards and have been restated as of Q3 2011. 30
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