Telekom Austria : Announcement According to §93 of the Austrian Stock Exchange Act

Vienna, 19 January 2012 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) has been informed that 20.118% of Telekom Austria AG shares are held directly and indirectly by RPR Privatstiftung, Vienna.

Today, Marathon Zwei Beteiligungs GmbH, a 100% subsidiary of RPR Privatstiftung, has exercised existing call options to buy 22,593,000 shares of Telekom Austria AG equating to 5.100% of total shares outstanding. These shares are deliverable within 3 business days.

In addition, Marathon Zwei Beteiligungs GmbH continues to hold 66,467,000 shares of Telekom Austria AG equating to 15.004% of total shares outstanding. As a result Marathon Zwei Beteiligungs GmbH now holds 89,060,000 shares of Telekom Austria AG, which equates to 20.103% of total shares outstanding.

Marathon Zwei Beteiligungs GmbH, is a 100% subsidiary of Marathon Beteiligungs GmbH, which is wholly owned by RPR Privatstiftung.

In addition, RPR Privatstiftung directly holds 64,721 shares of Telekom Austria AG, which equates to 0.015% of total Telekom Austria AG shares outstanding.

In total, this represents direct and indirect holdings of 89,124,721 Telekom Austria AG shares by RPR Privatstiftung, which equates to 20.118% of total shares outstanding.

By exercising its call options RPR Privatstiftung falls below the 5% threshold for the announcement of holdings of derivative financial instruments according to § 91a of Austrian Stock Exchange Act. Furthermore it exceeds the 20% threshold for the announcements of holdings of stocks according to § 91 of the Austrian Stock Exchange Act.

Contact:
Matthias Stieber
Director Investor Relations
Telekom Austria Group
Phone.: [phone]
E-Mail: [e-mail]

Disclaimer:
This document contains forward-looking statements that involve risks and uncertainties. These forward-looking statements are usually accompanied by words such as "believe," "intend," "anticipate," "plan," "expect" and similar expressions. Actual results 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. These factors include, but are not limited to, the following:
1) the level of demand for telecommunications services or equipment, particularly with regard to access lines, traffic, bandwidth and new products;
2) competitive forces in liberalized markets, including pricing pressures, technological developments, alternative routing developments and new access technologies, and our ability to retain market share in the face of competition from existing and new market entrants;
3) the effects of our tariff reduction or other marketing initiatives;
4) the regulatory developments and changes, including the levels of tariffs, the terms of interconnection, unbundling of access lines and international settlement arrangements;
5) our ability to achieve cost savings and realize productivity improvements;
6) the success of new business, operating and financial initiatives, many of which involve start-up costs, and new systems and applications, particularly with regard to the integration of service offerings;
7) our ability to secure the licenses we need to offer new services and the cost of these licenses and related network infrastructure build-outs;
8) the progress of our domestic and international investments, joint ventures and alliances
9) the impact of our new business strategies and transformation program;
10) the availability, terms and deployment of capital and the impact of regulatory and competitive developments on capital expenditure;
11) the outcome of litigation in which we are involved;
12) the level of demand in the market for our shares which can affect our business strategies;
13) changes in the law including regulatory, civil servants and social security law, including pensions and tax law; and general economic conditions, government and regulatory policies, and business conditions in the markets we serve.

Through its expansion into the Eastern and South-eastern European region, the company operates in markets that have been experiencing political and economic change. This circumstance has affected, and may continue to affect, the activities of enterprises operating in this environment. Consequently, operations in the Eastern and South-eastern European region involve uncertainties, including tax uncertainties and risks related to foreign exchange rates that typically do not exist in other markets.
Due to rounding differences deviations in subtotals and totals may occur.

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