This press release cannot be published, distributed in or sent to the United States of America,
Canada and Japan
Today Telecom Italia International N.V. begins its offering of Telekom Austria AG shares. The offering to institutional investors through a private placement, for a maximum of 65 million shares, with a greenshoe option for a further 10 million shares, is subject to the listing of the shares on the Vienna Stock Exchange. Telecom Italia International N.V. has requested Telekom Austria AG to apply for a listing on the Vienna Stock Exchange of all shares of Telekom Austria AG not yet listed, including its own stake in Telekom Austria AG.
Rome, November 4, 2002
This document does not constitute or contain an offer to sell or a solicitation of an offer to buy any securities in the United States, in Austria or elsewhere. The ordinary shares of Telekom Austria AG have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under United States Securities Act of 1933) unless registered under the Securities Act or pursuant to an applicable exemption from such registration. In Austria, the ordinary shares of Telekom Austria AG will be offered exclusively by way of a non public offering to a limited circle of persons within the scope of their business or professional activity according to Section 3/1/11 of the Austrian Capital Market Act.