Results for the First Half 2008

Vienna, August 20, 2008 - Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first half 2008 and the second quarter ending June 30, 2008.

Highlights

■	Revenues grow by 7.7% from EUR 2,353.8 million to EUR 2,535.8 million

■	EBITDA increases by 2.7% from EUR 942.4 million to EUR 967.7 million

■	Continuing growth of international operations drives EBITDA

■	Ongoing stabilization of Fixed Net trends as product bundles are effective in decelerating access line loss

■	Subscriber base in the Mobile Communication segment grows by 52.5% to 16.5 million customers

■	Outlook for full-year 2008 including DPS guidance of at least EUR 0.75 reiterated

Note: All financial figures are based on IFRS; if not stated otherwise, all comparisons are given year-on-year. EBITDA is defined as net income excluding interest, income tax expense, depreciation and amortization, impairment charges, equity in earnings of affiliates, income/loss from investments and foreign exchange differences. This equals operating income before depreciation, amortization and impairment charges.