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EANS-Adhoc: Telekom Austria AG / Conversion of the voluntary public takeover offer (Sec 25a ATA) to the shareholders of Telekom Austria AG into a mandatory offer (Sec 22 et seq. ATA)

June 29, 2014



PR Newswire/euro adhoc/ EANS-Adhoc: Telekom Austria AG / Conversion of the voluntary public takeover offer (Sec 25a ATA) to the shareholders of Telekom Austria AG into a mandatory offer (Sec 22 et seq. ATA) ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. other 30.06.2014 Dear Sir or Madam, Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that it has been informed of the following facts: In the course of the conclusion of a conditional syndicate agreement with Österreichische Industrieholding AG ("Shareholders' Agreement"), Carso Telecom B.V. ("Bidder") published a voluntary public takeover offer aimed to acquire control pursuant to Sec 25a ATA. The public takeover offer towards all shareholders of Telekom Austria AG is directed at the purchase of all no-par-value ordinary bearer shares in Telekom Austria AG which are not owned by the Bidder, the AmÉrica MÓvil Group, Österreichische Industrieholding AG or Telekom Austria AG on 15.05.2014 ("Offer"). The offer price amounts to EUR 7.15 ex dividend 2013 per no-par-value ordinary bearer share of Telekom Austria AG (ISIN AT0000720008). The Offer can be accepted from 15.05.2014 until and including 10.07.2014, 17:00 CET. The Offer is subject to several conditions precedent (see Sec 5 of the offer memorandum, available under www.takeover.at or www.telekomaustria.com). If the conditions precedent as set forth in Sec 5.1.2 to 5.1.4 of the offer memorandum are fulfilled or waived prior to the expiry of the original acceptance period so that the Shareholders' Agreement becomes effective (change of control) the following applies pursuant to Sec 5.3 of the offer memorandum: The Offer will be converted into a mandatory offer, whereby the condition precedent as set forth in Sec 5.1.1 of the offer memorandum related to the 50% acceptance threshold will not apply any longer. By 27.06.2014 the conditions precedent as set forth in Sec 5.1.2 to 5.1.4 of the offer memorandum have been fulfilled. Thus, the Shareholders' Agreement became effective prior to the expiry of the original acceptance period triggering the change of control. The Offer is thus being converted into a mandatory offer as of 30. June 2014. This mandatory offer does not have any conditions precedent. The mandatory offer can be accepted until and including 10.07.2014, 17:00 CET. The offer price is unchanged and amounts to EUR 7.15 ex dividend 2013 per no-par-value ordinary bearer share of Telekom Austria AG (ISIN AT0000720008). Apart from this amendment, the terms and conditions of the Offer shall remain unaffected. The addendum to the offer memorandum will be available under www.takeover.at and http://www.telekomaustria.com/en/ir/12474 as of 30/6/2014. --- 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. Further inquiry note: Matthias Stieber Director Investor Relations Tel.: +43 (0) 50 664 39126 mailto: matthias.stieber@telekomaustria.com issuer: Telekom Austria AG Lassallestrasse 9 A-1020 Wien mail: investor.relations@telekomaustria.com WWW: www.telekomaustria.com/ir sector: Telecommunications ISIN: AT0000720008 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.




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