euro adhoc: Telekom Austria AG / Financing, Stock Offerings (IPO) / Telekom Austria Group: Telekom Finanzmanagement GmbH Plans to Issue a Bond with a Volume of up to EUR 750 mn (Ad hoc)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Bond issue

19.01.2009

Vienna, January 19, 2009: The Telekom Austria Group (VSE: TKA, OTC
US: TKAGY) today announced that its subsidiary, Telekom
Finanzmanagement GmbH, plans to place a benchmark bond with a volume
of up to EUR 750 million.

The bullet bond, which will have a maturity of 7 years, will be
divided into a nominal value of EUR 1,000. The issuer of the planned
bond is Telekom Finanzmanagement GmbH guaranteed by Telekom Austria
AG and Telekom Austria TA AG. With this bond the Telekom Austria
Group is primarily addressing investors in Austria, Germany and the
rest of Europe.

"With this bond we not only strengthen our finance base, but also
extend the maturity profile of Telekom Austria Group. Furthermore we
diversify our debt portfolio and increase our independence from mere
bank finance", says Hans Tschuden, CFO of Telekom Austria Group,
adding: "By taking advantage of the prevailing relatively favourable
climate in the international bond markets, we secure the refinancing
requirements of Telekom Austria Group beyond the year 2010."

The bond will be listed on the Luxembourg Stock Exchange and will not
effect the net debt of Telekom Austria Group.

BNP Paribas, Erste Group Bank AG, The Royal Bank of Scotland plc and
UniCredit CAIB AG have been mandated as joint bookrunners.

This Ad-Hoc release does not constitute a public offer of bonds of
the Telekom Austria Group. A prospectus in accordance with Prospectus
Directive 2003/71/EC is expected to be approved by the Commission de
Surveillance du Secteur Financier (CSSF) on January 19, 2009. It will
be published on the homepage of the Luxembourg Stock Exchange
(www.bourse.lu) and the Austrian Finanzmarktaufsicht (FMA) and the
German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) will
be notified in accordance with Article 18 of the Prospectus
Directive. A public offering is permissible only one business day
following such notification and publication, which is January 21,
2009 at the earliest. Any subscription offers made before January 21,
2009 will be rejected.

end of announcement euro adhoc
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ots Originaltext: Telekom Austria AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Peter E. Zydek

Head of Investor Relations

Telekom Austria Group

Tel.: +43 (0) 59059 1-19001

mailto:peter.zydek@telekom.at

Branche: Telecommunications Equipment
ISIN: AT0000720008
WKN: 555750
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing