On August 24, 2009 the Telekom Austria AG retired 17 million treasury shares at an average price of Euro 18.80, in total amounting to EUR 319.5 million and resulting in a reduction of retained earnings. The retired shares accounted for 3.7% of total common stock. The retirement resulted in a reduction of common stock in the amount of EUR 37.1 million to EUR 966.2 million, and a corresponding increase in additional paid-in capital of EUR 37.1 million to EUR 584.4 million. The number of shares issued was reduced to 443 million. Additionally, the corresponding deferred tax liability resulting from the write down of the treasury shares for tax purposes in 2008 was released, resulting in an increase of retained earnings of EUR 33.5 million.