EANS-Adhoc

Telekom Austria AG / Telekom Austria Group successfully completes capital increase (Ad hoc) - Seite 2

within the stated sound financial framework. In particular, the
capital increase will allow Telekom Austria Group to implement an
accelerated roll-out of its fibre infrastructure during the years
2015 - 2018 in combination with latest available technologies to
ensure CAPEX efficiency. Telekom Austria Group thus aims to meet
increasing demand for high bandwidth services and safeguard the
Group's network quality leadership in the Austria segment.
Furthermore, Telekom Austria Group will be able to finance
value-accretive M&A opportunities that strengthen its operational
strategy, thereby maintaining the following priorities: (i) in-market
consolidation to strengthen existing operations; (ii) the continued
pursuit of Telekom Austria Group's convergence strategy to diversify
in markets that are currently mobile-only and to enhance existing
convergent operations; and (iii) expansion via new operations.

For further information about the capital increase please see the
following link: http://www.telekomaustria.com/en/ir/14887

This document does not constitute an offer of securities, nor a
solicitation for an offer of securities nor marketing or sales
activity for such securities in countries where such an offer or
solicitation for an offer is subject to legal restrictions. This
document must not be used for such an offer or such marketing
activities. Under http://www.telekomaustria.com/en/ir/14887, a
prospectus will be published in accordance with the Austrian Capital
Market Act (Kapitalmarktgesetz). This document is not for
distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any State of the United
States and the District of Columbia). This document does not
constitute or form a part of any offer or solicitation to purchase
securities in the United States. The securities mentioned herein have
not been, and will not be, registered under the United States
Securities Act of 1933, as amended, (the "Securities Act") and may
not be offered or sold in the United States, except pursuant to an
exemption from the registration requirements of the Securities Act.
There will be no public offer of securities in the United States.
This communication is directed only at (i) persons who are outside
the United Kingdom or (ii) persons who have professional experience
in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order") and (iii) high net worth entities, and other