Telekom Austria : Announcement According to § 91ff Austrian Stock Exchange Act
July 16, 2014 at 04:49 am EDT
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Vienna, 15 July 2014
Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) was informed by Schönherr Rechtsanwälte GmbH, representing América Móvil, S.A.B. de C.V. ("América Móvil"), Sercotel, S.A. de C.V. ("Sercotel"), and Carso Telecom B.V. ("Carso Telecom") about the following:
"On behalf of our clients we notify you in accordance with Section 91 et seq. Austrian Stock Exchange Act ("SEA") about a change in major shareholdings in Telekom Austria Aktiengesellschaft (ISIN: AT0000720008), Lassallestrasse 9, 1020 Vienna ("Telekom Austria AG" or "Issuer"):
Carso Telecom B.V. is a company established under Dutch Law which is via Sercotel controlled by América Móvil as defined in Section 92 no 4 SEA: Sercotel is a wholly-owned subsidiary of América Móvil and Sercotel holds 100 % of the shares in Carso Telecom.
Hitherto América Móvil directly held 7,935,700 shares with voting rights issued by Telekom Austria AG corresponding to 1.7914 % of the voting rights in the Issuer as well as indirectly via Carso Telecom 113,171,407 shares with voting rights issued by Telekom Austria AG corresponding to 25.5466 % of the voting rights in the Issuer. 125,917,735 shares with voting rights issued by Telekom Austria AG, held by Österreichische Industrieholding AG, registered under 80286v and corresponding to 28.4239 % of the voting rights in the Issuer are attributable pursuant to Sec 91 SEA. Therefore, América Móvil directly and indirectly hitherto held a total of 247.024.842 shares with voting rights issued by Telekom Austria AG corresponding to 55.7618 % of the voting rights in the Issuer.
On 15.05.2014 Carso Telecom published a voluntary public takeover offer (Sec 25a ATA) for all shares of Telekom Austria AG ("Offer"). By 30.06.2014 the Offer was converted into a mandatory offer (Sec 22 ATA). The Offer could be accepted until 10.07.2014, whereby subsequent declarations of acceptance until 14.07.2014 have been taken into account. On 14.07.2014 Carso Telecom has been informed by the receiving and payment agent that until 14.07.2014 declarations of acceptance have been made for 103,978,115 shares with voting rights issued by Telekom Austria AG, corresponding to 23.4713 % of the voting rights in the Issuer. This results in a disclosure obligation according to sec 91, 91a SEA and in a total of voting rights attributable to Carso Telecom and América Móvil pursuant to sec 91 et seq. SEA as follows:
Carso Telecom according to sec 91, 92 SEA 239,089,142 / 53.9704 %, according to Sec 91a SEA 103,978,115 / 23.4713 % and in total 343,067,257 / 77.4418 %;
América Móvil according to sec 91, 92 SEA 247,024,842 / 55.7618 %, according to Sec 91a SEA 103,978,115 / 23.4713 % and in total 351,002,957 / 79.2332 %.
Thus, Carso Telekom and América Móvil have crossed the 75 % thresholds of voting rights in the Issuer. The settlement of the Offer will be made on or before 24.07.2014."
Telekom Austria AG is Austria's leading telecoms operator. Net sales break down by activity as follows:
- mobile telecommunications services (46.7%): 23.9 million subscribers at the end of 2022;
- fixed telecommunication services (36.5%): fixed-line telephony service Internet access. The group also develops telecommunication for telecom operators (line leasing, satellite transmission services, creation of domain names, etc.);
- sale of communication equipments (15%);
- other (1.8%).
Net sales (including intragroup) break down geographically as follows: Austria (54.6%), Bulgaria (12.7%), Croatia (9.3%), Belarus (9.1%), Serbia (7.1%), Slovenia (4.4%) and Macedonia (2.8%).
TELEKOM AUSTRIA AG 
