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Investor Presentaiton

Net Debt - Telekom Austria Group (EUR million) Long-term debt Short-term debt - Short-term portion of capital and cross border lease + Capital lease obligations Sept. 30, 2004 Dec. 31, 2003 1,697.4 694.0 2,342.3 631.3 -106.2 -95.5 1.0 2.1 Cash and cash equivalents, short-term and long-term investments Financial instruments, included in other assets and other current assets -197.4 -226.4 -16.6 -16.5 Net debt of Telekom Austria Group Shareholders' equity Net debt/Equity 2,072.2 2,637.3 2,722.0 2,639.4 76.1% 99.9% 26 TELE KOM AUS TRIA
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