Investor Presentaiton

Mobiltel Transaction - Highlights Highly attractive asset Attractive purchase price Smooth integration process Positive impact on TA financials expected ■ Mobiltel is the undisputed market leader in Bulgaria High-quality network infrastructure and strong brands ☐ Excellent margins (e.g. EBITDA margin of 65.4% as of 1H 04) ■ Telekom Austria has entered into a call option agreement, which gives Telekom Austria Group the unilateral right to acquire 100% of the share capital of Mobiltel for an enterprise value of up to EUR 1,600 million including a variable earn-out Purchase price is well within stated acquisition multiple ranges of 4x to 6x EBITDA Earn-out provision further motivates existing shareholders to improve Mobiltel's performance until takeover " ☐ Telekom Austria will conduct exhaustive confirmatory due diligence prior to closing of the transaction mobilkom austria group has highly skilled team and well-defined process available to provide for smooth integration process Significant expertise and excellent track record on historic acquisitions in CEE Mobiltel provides Telekom Austria Group with substantial growth opportunity complementing its stable domestic business ■ Based on historically high level of profitability we expect further good performance yielding significant earnings accretion for Telekom Austria Group 20 TELE KOM AUS TRIA

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