Magyar Telekom Tavkozlesi : Shareholders’ Assembly of MakTel approves dividend

Budapest,April 16, 201813:00

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the 'Company'), the leading Hungarian telecommunications service provider, hereby announces that its subsidiary, Makedonski Telekom AD - Skopje (MakTel), has decided at its Shareholders' Assembly today on a total dividend payment of MKD 1.58 billion (ca. HUF 8.0 billion at the April 13, 2018 HUF/MKD exchange rate of 5.05) for the financial year 2017

According to Macedonian Accounting Standards (MAS), on a standalone basis, MakTel recorded a net profit of MKD 1.58 billion for 2017, all of which will be distributed as dividend in line with the decision of the Shareholders' Assembly.

Stonebridge Communications AD Skopje, which is 100% owned by Magyar Telekom, is entitled to a dividend of MKD 0.9 billion (approximately HUF 4.54 billion).

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