EANS-PVR: Telekom Austria AG / Publication of an Announcement according to art. 93 BörseG with the objective of Europe-web publication

=------------------------------------------------------------------------------- Notification of voting rights transmitted by euro adhoc. The issuer is responsible for the content of this announcement. =-------------------------------------------------------------------------------

Release according to article 93 BörseG with the aim of a Europe-wide distribution

Person/company obliged to make the notification: =---------------------------------- Name: América Móvil, S.A.B. de C.V. Place: Mexico City State: México

Announcement According to § 91ff Austrian Stock Exchange Act

Vienna, 29 July 2016: Yesterday, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) was informed about the following:

1. Issuer: Telekom Austria AG 2. Reason for the notification: Acquisition / disposal of instruments 3. Person subject to notification obligation Name: América Móvil, S.A.B. de C.V. City: Mexico City Country: México 4. Name of shareholder(s): 5. Date on which the threshold was crossed or reached: 28/07/2016

6. Total positions % of voting % of voting Total of both Total number rights rights through in % (7.A + of voting attached to financial/other 7.B) rights of shares (7.A) instruments issuer (7.B.1 + 7.B.2)

Resulting 80.32 % 7.81 % 88.12 % 664,500,000 situation on the date on which threshold was crossed / reached

Position of 88.12 % 0 % 88.12 % previous notification (if applicable)

Details 7. Notified details of the resulting situation:

A. Voting rights attached to shares

ISIN Code Number of voting rights % of voting rights

Direct Indirect Direct Indirect

(Sec 91 BörseG) (Sec 92 BörseG) (Sec 91 BörseG) (Sec 92 BörseG)

AT0000720008 5,922,550 527,771,602 0.89% 79.42%

SUBTOTAL A 585,581,798 88.12%

B 1: Financial / Other Instruments pursuant to Sec. 91a para. 1 No. 1 BörseG

Type of Expiration Exercise Number of voting rights % of voting rights instrument Date Period rights that may be acquired if the instrument is exercised

SUBTOTAL B.1

B 2: Financial / Other Instruments pursuant to Sec. 91a para. 1 No. 3 BörseG

Type of Expiration Exercise Physical / Number of % of voting instrument Date Period Cash voting rights Settlement rights

Cash Settled 05.08.2023 American Cash 51,887,646 7.81% Put Style Settlement

SUBTOTAL B.2 51,887,646 7.81%

8. Information in relation to the person subject to the notification obligation: Full chain of controlled undertakings through which the voting rights and/or the financial/other instruments are effectively held starting with the ultimate controlling natural person or legal entity:

No. Name Directly Shares held Financial/other Total of controlled directly instruments held both (%) by No. (%) directly (%)

1 América Móvil, 0.89% 7.81% 8.70% S.A.B. de C.V.

2 América Móvil B.V. 1 51.00% 51.00%

Österreichische 28.42% 28.42% Bundes- und Industriebeteilig ungen GmbH (Syndicate Partner)

9. In case of proxy voting Date of general meeting: - Voting rights after general meeting: - is equivalent to - voting rights.

10. Additional Comments: On 28/07/2016 América Móvil, S.A.B. de C.V. together with América Móvil B.V. agreed to sell a total of 51,887,646 Telekom Austria AG shares to the market (the "Sold Shares"). On the same day América Móvil, S.A.B. de C.V. entered into a cash settled put option agreement with respect to 7.81% (the "CS Put"). The trades in respect of the Sold Shares to the market will be settled within 6 trading days at the latest. Upon settlement of the trades América Móvil, S.A.B. de C.V. and América Móvil B.V. will together effectively hold 51.89% (344,817,550 shares) of all outstanding shares in Telekom Austria AG.

For purposes only of disclosure and notification under the aggregation rules of the BörseG, exceeding 90%, please note that until settlement of the Sold Shares, the aggregated amount of attributable voting rights under the Sold Shares, shares held by América Móvil, S.A.B. de C.V. and América Móvil B.V. and syndicated shares held by Österreichische Bundes- und Industriebeteiligungen GmbH and the CS Put (financial instrument) will amount to 95.93% (637,469,444 shares). Upon settlement of the trades América Móvil, S.A.B. de C.V. and América Móvil B.V. will together effectively hold 51.89% (344,817,550 shares) of all outstanding shares in Telekom Austria AG. Further, 7.81% of voting rights are attributable as a financial instrument pursuant to Sec. 91a para. 1 No. 3 BörseG and further 28.42 % syndicated shares held by Österreichische Bundes- und Industriebeteiligungen GmbH are attributable under Sec 92 BörseG. In the aggregate, América Móvil, S.A.B. de C.V. will again be below 90% following settlement of the trades.

Contact: Matthias Stieber Director Investor Relations Telekom Austria Group Phone: +43 (0) 50 664 39126 E-mail: matthias.stieber@telekomaustria.com

Disclaimer for forward-looking statements:

This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as "believe", "intend", "anticipate", "plan", "expect" and similar expressions. Actual events may differ materially from those

anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of

important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither Telekom Austria nor any other person accepts any liability for any such forward-looking statements. Telekom Austria will not update these forward-looking statements, whether due to changed

factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of Telekom Austria.

end of announcement euro adhoc =-------------------------------------------------------------------------------

(END) Dow Jones Newswires

   July 29, 2016 13:51 ET (17:51 GMT)- - 01 51 PM EDT 07-29-16