Euro Medium Term Note Programme unconditionally and irrevocably guaranteed byEuro Medium Term Note Programme • July 2nd, 2003
Under this A2,500,000,000 Euro Medium Term Note Programme (the “Programme”), Telekom Austria Aktiengesellschaft (“Telekom Austria”) and Telekom Finanzmanagement GmbH (“TFG”), together with any of Telekom Austria’s other subsidiaries subsequently appointed as an issuer (each a “New Issuer” and, together with Telekom Austria in its capacity as an issuer and TFG, the “Issuers” and each an “Issuer”) may from time to time issue notes (the “Notes”) denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below).