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euro adhoc: Telekom Austria AG
Telekom Austria exercises call options and buys back 0.67% of its share capital to use for stock options (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Vienna, February 20, 2004: Telekom Austria announced today its
intention to exercise the 3,326,881 American call options on shares
of Telekom Austria AG which were acquired during the IPO in November
2000 to limit the company’s exposure under the current stock option
plan and which expire on February 27, 2004. The execution price of
each call option is EUR 9. Following the exercise of the options,
3,326,881 Telekom Austria shares, i.e. 0.67% of its share capital,
will be credited to the accounts of Telekom Austria in the way of an
off-market transaction at 9 EUR per share on March 3, 2004. The
buyback will be used to cover obligations resulting from present and
future stock option programs. The transaction happens in the
framework of the authorization to buy back up to 50 million shares
which was given by the general assembly to the management board on
June 4, 2003. Telekom Austria is  exercising this right for the first
end of announcement        euro adhoc 20.02.2004

Further inquiry note:

Hans Fruhmann
Investor Relations Telekom Austria
Tel.: +43 (0) 59059 1-20917

Branche: Telecommunications Equipment
ISIN: AT0000720008
WKN: 720008
Index: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing
New York / official dealing

Original content of: Telekom Austria AG, transmitted by news aktuell

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