Investor Presentaiton

Favorable EBITDA Comparable Trends Despite Macro-Economic and Foreign Exchange Setbacks In EUR mn - 7.2% - 1.6% clean* 1.646 Austria FY 2011: EUR 972.6 mn; -5.8% yoy... -60 Additional Markets FY 2011: EUR 90.4 mn; +120.0% yoy Bulgaria FY 2011. EUR 261.9 mn; -12.3% yoy Croatia FY 2011: EUR 134.5 mn; -10.6% yoy -37 FY 2010 Austria -16 Belarus FY 2011: EUR 106.6 mn; -31.5% yoy -49 32 -6 12 1.527 Bulgaria Croatia Belarus Slovenia Republic of Serbia Republic of Liechtenstein Eliminations Corporates, Macedonia Eliminatios, Others FY 2011 * Without effects of hyperinflation Belarus 10

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