Matav RT.
(www.matav.hu)
Ticker:MTA Krisztina korut 6-8
Exchange:New York Stock Exchange Budapest, HUNGA 1541
Industry:Service (SIC Code 4812)
# of Employees:20014

Offering Information
Type of Shares:American Depositary Receipts Filing Date:10/22/97
U.S. Shares:207,457,000 Offer Date:11/13/97
Non-U.S. Shares:0 Filing Range:$18.00 - $21.00
Primary Shares:207,457,000 Offer Price:$18.65
Secondary Shares:0 Gross Spread:$0.51
Offering Amount: $4,045,411,500 Selling:$0.27
Expenses: - Reallowance:
Shares Out After: -

Primary Underwriting Group
ManagerTierPhone
CS First BostonLead Manager (212) 325-2000
Merrill Lynch & Co.Co-manager (212) 449-4600

Business Description
The company is Hungary's national telecommunications company and is the principal provider of telecommunications services in the country, with over 2.3 million access lines in service to residential and business customers. The company is a full service telecommunications provider and has the exclusive rights to be the national carrier of the country until December 2001 to provide national and international long distance public telephony services, local public telephony services in local concession regions that cover over 75% of the population. Through joint ventures, the company is also the countrys' largest mobile telecom provider, with more than 400,000 subscribers. The company is majority owned by Germany's Deutsche Telekom AG and AmeriTech Corp of the United States.

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

©1997 IPO Data Systems, Inc. - All rights reserved.