euro adhoc: Telekom Austria AG / Telecom Italia International N. V. sells 73.9 million shares in Telekom Austria (E)

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This press release may not be published or distributed in or sent to the United States of America, Canada and Japan.

Vienna, January 21, 2004: Telekom Austria has been informed that Telecom Italia International N.V. has sold its residual shareholding, corresponding to 73.9 million shares or 14.78% of Telekom Austria’s share capital, in a private placement to institutional investors at a price of EUR 10.55 per share.
Following completion of this transaction, the free float in Telekom Austria’s share capital will increase to 52.8%. The remaining stake is owned by ÖIAG, representing the Republic of Austria. ÖIAG and Telekom Austria have each entered lock-up agreements until 31 May 2004.

This document does not constitute or contain an offer to sell or a solicitation of an offer to buy any securities in the United States, in Austria or elsewhere. The ordinary shares of the Company have not been and will not be sold in the United States or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under Securities Act) unless registered under the Securities Act or pursuant to an exemption from such registration. In Austria, the ordinary shares of the Company will be offered exclusively by way of a non public offering to a limited circle of persons within the scope of their business or professional activity according to Section 3/1/11 of the Austrian Capital Market Act.

Further inquiry note:
Hans Fruhmann
Telekom Austria AG
Investor Relations
Tel.: +43 (0) 590591-20918

Emittent: Telekom Austria AG Lassallestrasse 9 AT-1020 Wien Email: WWW: ISIN: AT0000720008 WKN: 720008 Indizes: ATX, ATX Prime, WBI Börsen: official dealing Wiener Börse AG, New York

end of announcement euro adhoc

Branche: Telecommunications Equipment
Sprache: Englisch