Telekom Austria AG — Major Shareholding Notification 2016

Aug 1, 2016

EANS-Voting Rights: Telekom Austria AG / Publication of an Announcement according to art. 93 BörseG with the objective of Europe-web publication

Notification of voting rights transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Release according to article 93 BörseG with the aim of a Europe-wide distribution Person/company obliged to make the notification: ----------------------------------- Name: Citigroup Inc. Place: Wilmington, Delaware State: USA Announcement According to § 91ff Austrian Stock Exchange Act Vienna, 1 August 2016: Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) was informed about the following: 1. Issuer: Telekom Austria AG 2. Reason for the notification: Acquisition / disposal of instruments Acquisition or disposal of financial/other instruments 3. Person subject to notification obligation Name: Citigroup Inc. City: Wilmington, Delaware Country: USA 4. Name of shareholder(s): Citigroup Global Markets Limited, Citigroup Global Markets Funding Luxembourg 5. Date on which the threshold was crossed or reached: 28/07/2016 6. Total positions % of voting % of voting Total of both Total number rights rights through in % (7.A+7.B) of voting attached to financial/other rights of shares (7.A) instruments issuer (7.B.1 + 7.B.2) Resulting 3.90 % 11.71 % 15.62 % 664,500,000 situation on the date on which threshold was crossed / reached Position of previous notification (if applicable) Details 7. Notified details of the resulting situation: A. Voting rights attached to shares ISIN Code Number of voting rights % of voting rights Direct Indirect Direct Indirect (Sec 91 BörseG) (Sec 92 BörseG) (Sec 91 BörseG) (Sec 92 BörseG) AT0000720008 25,943,824 3.90% SUBTOTAL A 25,943,824 3.90%

B 1: Financial / Other Instruments pursuant to Sec. 91a para. 1 No. 1 BörseG

Type of instrument	Expiration Date	Exercise Period	Number of voting rights that may be acquired if the instrument is exercised	% of voting rights
Call-Option Swap	07/08/2023 04/08/2023	NA NA	51,887,646 25,943,824	7.81% 3.90%
		SUBTOTAL B.1	77,831,470	11.71%

B 2: Financial / Other Instruments pursuant to Sec. 91a para. 1 No. 3 BörseG

Type of	Expiration Exercise		Physical /	Number of	% of
instrument Date		Period	Cash Settlement voting rights voting rights

SUBTOTAL B.2

1. Information in relation to the person subject to the notification obligation:

Full chain of controlled undertakings through which the voting rights and/or the financial/other instruments are effectively held starting with the ultimate controlling natural person or legal entity:

No.	Name	Directly controlled by No.	Shares held directly (%)	Financial/other instruments held directly (%)	Total of both (%)
1	Citigroup Inc.
2	Citigroup Global Markets Limited	1	3.90 %	3.90%	7.80%
3	Citigroup Global Markets Funding Luxembourg	2		7.81%	7.81%

1. In case of proxy voting Date of general meeting: - Voting rights after general meeting: - is equivalent to - voting rights.

2. Additional Comments: Please note, the call option held on Citigroup Global Markets Funding Luxembourg was the result of an inter-company booking with Citigroup Global Markets Limited.

Contact: Matthias Stieber Director Investor Relations Telekom Austria Group Phone: +43 (0) 50 664 39126 E-mail: matthias.stieber@telekomaustria.com

Disclaimer for forward-looking statements:

This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as "believe", "intend", "anticipate", "plan", "expect" and similar expressions. Actual events 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. Neither Telekom Austria Group nor any other person accepts any liability for any such forward-looking statements. Telekom Austria Group will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of Telekom Austria Group. Further inquiry note: Matthias Stieber Director Investor Relations Tel.: +43 (0) 50 664 39126 mailto: matthias.stieber@telekomaustria.com issuer: Telekom Austria AG Lassallestrasse 9 A-1020 Wien mail: investor.relations@telekomaustria.com WWW: www.telekomaustria.com/ir sector: Telecommunications ISIN: AT0000720008 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English

Aussendung übermittelt durch euro adhoc The European Investor Relations Service