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Telekom Austria: Preliminary Headline Figures for the Financial Year 2001 (Ad hoc Release)

Vienna, March 22, 2002 – Telekom Austria (VSE: TKA; NYSE: TKA) announced today preliminary headline figures for the Financial Year 2001.



(in EUR million) 4Q 01 4Q 00 % change FY 01 FY 00 % change
Telekom Austria Group (including Mobilkom Austria)            
Total managed revenues 993.0 978.7 1.5% 3,943.5 3,897.2 1.2%
Total managed EBITDA without costs for idle workforce 309.2 213.8 44.6% 1,472.8 1,060.9 38.8%
Telekom Austria, consolidated
(with Mobilkom at-equity)		            
Consolidated revenues 658.7 697.2 -5.5% 2,659.7 2,814.4 -5.5%
Consolidated EBITDA without costs for idle workforce 200.7 118.7 69.1% 903.7 624.3 44.8%
Costs for idle workforce 13.1 7.3 79.5% 49.9 7.6 556.6%
Consolidated EBITDA 187.6 111.4 68.4% 853.8 616.7 38.4%
             
Mobilkom Austria, consolidated            
Consolidated revenues 441.4 384.5 14.8% 1,713.2 1,501.1 14.1%
Consolidated EBITDA 110.7 95.1 16.4% 571.3 436.6 30.9%


Note: EBITDA is defined as operating income excluding depreciation and amortization.

Costs for idle workforce, which are excluded from total managed EBITDA, include expenses for employees who have been released or transferred from the work force as well as cash settlements for civil servants who have agreed to leave with severance packages. Costs for idle workforce amounted to EUR 49.9 million in 2001 and EUR 7.6 million in 2000.

Telekom Austria’s total managed EBITDA and consolidated EBITDA include costs for early retirement programs which were exceptionally high during the year 2000. For ease of comparison, the following table shows total managed EBITDA and consolidated EBITDA excluding the impact of early retirement costs. There were no early retirement costs for Mobilkom Austria.

(in EUR million) 4Q 01 4Q 00 % change FY 01 FY 00 % change
Telekom Austria Group
(including Mobilkom Austria)		            
Total managed EBITDA without costs for idle workforce
 303.1 260.0 16.6% 1,470.4 1,314.1 11.9%
Telekom Austria, consolidated
(with Mobilkom at-equity)		            
Consolidated EBITDA without costs for idle workforce
 194.6 164.9 18.0% 901.3 877.5 2.7%
             
Early retirement costs* -6.1 46.2 n.m. -2.4 253.2 n.m.


*The negative amounts in 2001 result from the reversal of provisions for early retirement costs.


The final full year results will be published on April 9, 2002.


Contact:

Martin Bredl
Telekom Austria's Company Spokesman
Tel: +43 (0) 059 059-1-11001
E-Mail: martin.bredl@telekom.at

Hans Fruhmann
Head of Investor Relations at Telekom Austria
Tel: +43 (0) 59059 1-20917
E-Mail: hans.fruhmann@telekom.at

Cubitt Consulting (UK)
Serra Balls/Noga Villalon
Tel. +44 (0)20 7367 5100
E-Mail: serra.balls@cubitt.com

Cubitt Inc (USA)
Mark Kollar
Tel: +1 212 232 2222
E-Mail: mark.kollar@cubitt.com

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