Telekom Austria AG

euro adhoc: Telekom Austria AG
Board of Directors (Appointments and Changes)
Telekom Austria's Supervisory Board Decides on Composition of Management Board - Extension of All Four Management Board Mandates (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Vienna, October 12, 2004. In its meeting today Telekom Austria AG's Supervisory Board took a unanimous decision about the future composition of the Management Board. All four current members of the Management Board will keep their positions in the Management Board and continue to execute their current functions. The contracts of CEO Heinz Sundt and CFO Stefano Colombo will each be extended for two years, COO Wireline Rudolf Fischer and COO Wireless Boris Nemsic have been appointed for a further five years. Moreover, Mr. Nemsic has been named Deputy CEO of the Management Board. The extension of the contracts will become effective as of April 2005 after the current terms of office have expired. Supervisory Board Chairman Peter Michaelis: "With the further appointment of the entire Management Board we pay tribute to the successful development of Telekom Austria and at the same time take a decisive step for the future of Austria's leading telecom company. Thus we are assuring strategic and operational continuity for this company which is so important to Austria, while at the same time providing for future challenges." end of announcement euro adhoc 12.10.2004 --------------------------------------------------------------------- Further inquiry note: Martin Bredl Telekom Austria Public Relations Phone: +43 (0) 59059 1 11001 mailto: martin.bredl@telekom.at Hans Fruhmann Investor Relations Telekom Austria Tel.: +43 (0) 59059 1-20917 mailto:hans.fruhmann@telekom.at Branche: Telecommunications Equipment ISIN: AT0000720008 WKN: 720008 Index: ATX, ATX Prime, WBI Börsen: Wiener Börse AG / official dealing New York / official dealing

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