Chief Financial Officer, Stefano Colombo, Does not Intend to Extend his Contract.

M2 PRESSWIRE-22 August 2006-Telekom Austria: Chief Financial Officer, Stefano Colombo, Does not Intend to Extend his Contract(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:22082006 Vienna - The Telekom Austria Group (VSE: TKA, NYSE: TKA) today announced that Stefano Colombo, currently Chief Financial Officer of Telekom Austria AG, does not intend to extend his contract beyond the current mandate, which will end on April 10, 2007.

Mr Colombo wishes to turn his attention to new opportunities and challenges. Mr Colombo will continue in his current function until the end of the mandate ...

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