EANS-PVR: Telekom Austria AG / Publication of an Announcement after art. 93 BörseG with the objective of Europe-web publication

=------------------------------------------------------------------------------- Notification of voting rights transmitted by euro adhoc. The issuer is responsible for the content of this announcement. =-------------------------------------------------------------------------------

Release according to article 93 BörseG with the aim of a Europe-wide distribution

Person/company obliged to make the notification: =---------------------------------- Name: Österreichische Industrieholding AG (ÖIAG) Place: Dresdner Strasse 87, 1201 Wien State: Österreich

Announcement according to §91 ff Austrian Stock Exchange Act

Vienna, 1 July 2014: Today Telekom Austria Group (VSE: TKA, OTC US: TKAGY) was informed by CHSH Cerha Hempel Spiegelfeld Hlawati Partnerschaft von Rechtsanwälten, representing Österreichische Industrieholding AG, FN 80286v ("ÖIAG"), which currently owns 125,917,735 shares (equivalent to 28.42%) of Telekom Austria Aktiengesellschaft, FN 144477t, ISIN AT0000720008 ("Telekom Austria") about the following:

We refer to our last notification in accordance with §§91 et seq. of the Exchange Act dated April 25, 2014.

On 23 April 2014 ÖIAG entered into a conditional shareholders' agreement with (i) Carso Telecom B.V., register number 55341535 of the commercial register of the Netherlands ("Carso Telecom") and (i) América Móvil, S.A.B. de C.V., register number 263.770 of Mexico City's Registro Publico de Comercio ("América Móvil"), where the parties to it have contractually undertaken, upon effectiveness, to jointly pursue a long-term policy with regard to the management of Telekom Austria, by exercising voting rights on a concerted basis ("Syndicate Agreement").

By June 27, 2014, all conditions precedent were fulfilled. Upon fulfillment of all conditions precedent the Syndicate Agreement became effective.

According to its notification in accordance with §§91 et seq. of the Exchange Act of June 30, 2014, Carso Telecom currently owns directly 112,364,723 shares of Telekom Austria (equivalent to 25.36%) and is itself 100% indirectly owned by América Móvil, which in turn currently owns directly 7,935,700 shares of Telekom Austria (equivalent to 1.79%).

Therefore, according to §§91, 91a and 92 Z1 BörseG, the Syndicate Agreement currently covers 246,218,158 shares of Telekom Austria, which equates to a shareholding of 55.58%.

Therefore, upon effectiveness of the Syndicate Agreement ÖIAG has exceeded the 30%, 35%, 40%, 45% and 50% reporting thresholds according to §§92 Z 1, § 91 BörseG.

For further information please see the following link: www.telekomaustria.com/en/ir/ir-news

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Disclaimer for forward-looking statements: This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as "believe", "intend", "anticipate", "plan", "expect" and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither Telekom Austria nor any other person accepts any liability for any such forward-looking statements. Telekom Austria will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of Telekom Austria.

end of announcement euro adhoc =-------------------------------------------------------------------------------

(END) Dow Jones Newswires

   July 01, 2014 12:00 ET (16:00 GMT)- - 12 00 PM EDT 07-01-14