Magyar Telekom Távközlesi Nyilvánosan Müködö Reszvenytársaság : Minutes of the Annual General Meeting of Magyar Telekom Plc. held on April 19, 2023

Unofficial English translation

based on live interpretation and the Hungarian language minutes

Magyar Telekom Telecommunications Public Limited Company

Annual General Meeting

MINUTES

taken at the Annual General Meeting of Magyar Telekom Telecommunications Public Limited Company (registered seat: 1097 Budapest, Könyves Kálmán krt. 36.; registration number: Cg. 01- 10-041928) taking place at the headquarters of Magyar Telekom Plc. (1097 Budapest, 9th district, Könyves Kálmán krt. 36.; Puskás Tivadar Conference Hall) on April 19, 2023, from 11:11 a.m.

Way of participating at the General Meeting: in person.

Participants: as listed in the attached attendance sheet.

Dániel Szeszlér: Good Morning Ladies and Gentlemen! My name is dr. Dániel Szeszlér, I am the Group legal director and chief legal counsel of Magyar Telekom Plc. The Board of Directors proposed me to be the Chairperson of the General Meeting, so I will chair the General Meeting until the election of the Chairperson as well.

Let me introduce my colleagues sitting at the table: on my left Tibor Rékasi, CEO and member of the Board of Directors of the Company; and Darja Dodonova, CFO of the Company also member of the Board of Directors, representing the Board of Directors at the General Meeting today. On my right dr. Gabriella Bognár, registered legal counsel.

I welcome the Shareholders and the invitees. So, I welcome prof. dr. Attila Borbély as chairperson of the Supervisory Board and of the Audit Committee, who will represent these bodies at the General Meeting.

I open the Annual General Meeting of the Company at 11:11 o'clock. The General Meeting is held with shareholders' attendance in person, by decision-making at the General Meeting.

Let me inform the General Meeting that votes will be cast via computer and votes will be counted electronically in accordance with the Articles of Association. I will state the result of the voting as the computer counted votes appear on the screen and recorded in the minutes. The Company assigned KELER Zrt. to contribute at the General Meeting and do the registration and ensure the computerised voting. I ask Mónika Mészárosné Paulov, present on behalf of KELER Zrt., to describe the essence and method of computer voting.

Mónika Mészárosné Paulov: My name is Mónika Mészárosné Paulov, representing KELER Zrt. assisting in the management of the General Meeting and in the registration process. I would briefly introduce you the voting system.

During the registration you have received a wireless voting device with your individual voting number assigned thereto. Therefore, please take care of the voting device and do not hand it over to anyone else. You may switch on the device by pressing any button.

Please switch on your devices now by pressing any button. You may vote with pressing buttons 1, 2, and 3: button no. 1 is the "YES" button, button no. 2 is the "NO" button, button no. 3 is the "ABSTENTION" button. Proposals will be put to the vote by the Chairperson of the General Meeting and you can cast your vote following the voice signal indicating starting of the voting until the next voice signal indicating the end of the voting.

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Unofficial English translation

based on live interpretation and the Hungarian language minutes

After the start of the voting please push the applicable button (1, 2, 3) of the voting device then release it. Simultaneously with pushing the chosen button your device will display the initial font of the respective button: button no. 1 is "Y", like "YES", button no. 2 is "N", like "NO" and button no. 3 is "A" like "ABSTENTION". After casting your vote OK text is displayed in the upper right corner indicating that the voting system received the vote and confirmed its receipt to the voting device. Please note that only the first vote will be registered by the system, buttons cannot be pressed several times. Within a couple of seconds upon the closing of the voting the results are displayed on the screens and the monitor in front of the Chairperson. In addition, the number of votes that were not cast will also be displayed. The Chairperson of the General Meeting will of course declare the result of the voting. Please note that the voting ratio will be rounded to 2 decimal places, therefore, there can be a situation when 1 "NO" vote is cast and the voting ratio will be 0.00% on the screen. Naturally, all votes will be registered both in the system and the minutes of the General Meeting. Now, I propose to have a test voting. Please play the voice signal. The voting is closed and the results are displayed. If the voting device does not work properly, please let us know and we immediately replace the device. If you have any questions regarding the voting system, please let us know now. Please return the voting devices to the registration desk after the General Meeting. Thank you for your attention and I wish you good work and a successful General Meeting!

Dániel Szeszlér: Thank you. I inform the shareholders that the number of shares issued by the

Company: 1,005,801,352 pcs of which non-voting treasury shares are: 43,078,833 pcs.

Total number of votes represented by the voting shares: 962,722,519 pcs.

Total number of votes represented by the shareholders appeared during registration: 713,411,204 pcs (in percentage: 74.10%).

Based on the status of the registration, at 11:00 o'clock, I stipulate that the General Meeting constitutes a quorum, as the shareholders representing more than half of the shares carrying voting rights at the General Meeting are present in person or by proxy. Quorum will be continuously monitored by KELER Zrt. during the General Meeting at each decision. Or after break, when continuing the General Meeting the quorum will be determined again and displayed on screen.

I stipulate that the General Meeting has been convened in compliance with the relevant provisions of law and the provisions of the Articles of Association, the notice of the General Meeting has been published on March 13, 2023. No proposal on the amendment of the published agenda and no resolution proposal relating to items on or to be added to the agenda were submitted to the Board of Directors within the deadline set out in the law.

I outline the main procedural rules of the General Meeting.

Entering the venue of the General Meeting, the Puskás Tivadar Conference Hall, is only possible with the use of the wristband received during registration. When re-entering or returning after a break, the wristband shall be presented to the security personnel again.

The General Meeting is conducted in Hungarian, however, some parts might be in English. Unofficial interpretation provided by the Company from Hungarian into English and from English into Hungarian is ensured during the entire General Meeting. The interpreting devices will be available during the entire General Meeting in the lobby, next to the registration desk and here, next to the entrance of this room.

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Unofficial English translation

based on live interpretation and the Hungarian language minutes

The distinguished participants are informed that for the purposes of recording true and accurate minutes, the General Meeting will be audio-recorded by the Company. Please indicate at the start of your contribution if you request us to stop recording during your contribution.

The agenda of the General Meeting, the submissions relating to the individual agenda items, the report of the Supervisory Board relating thereto as well as the respective resolution proposals have been published within the relevant legal deadline prior to the General Meeting on the website of the Company and that of the Budapest Stock Exchange, that of operated by the Central Bank of Hungary, and made available in the documentation of the General Meeting here, at the venue of the General Meeting before the start of the meeting.

The General Meeting will only discuss agenda items and adopt resolutions on the published notice.

Before discussing the agenda items, the General Meeting will decide on resolution proposals related to the arrangement of the General Meeting proposed by the Company, not included in the General Meeting's agenda.

The shareholders are entitled to ask for information, make comments and motions at the General Meeting, regardless of their ownership ratio. In order to ensure the correct and intended conduct of the General Meeting, please be informed that these rights may be exercised within the limits of the published agenda items. In case of remarks not relating to the agenda items, I am entitled to withdraw the right to speak. I may also withdraw the right to speak if a remark is attempts to or results in delay the meeting, prejudicing the effective and reasonable time management of the General Meeting.

Shareholders or their representatives may make any remarks about the agenda items discussed at the General Meeting after having been given the floor by me. You are kindly asked to state your name and the number indicated on the top of the voting device at the beginning of your remark, and use the microphone throughout your contribution, because only those remarks will be translated and recorded in the minutes that were made using the microphone.

I stipulate that the time limit for each contribution is maximum 3 minutes per shareholder per remark, provided that, in order to prevent the delay of the General Meeting, the said maximum time limit may be shortened. Please be aware of the contribution's time limit.

The planned duration of the General Meeting is approximately 2-3 hours. Following the General Meeting the Company invites the participants of the General Meeting to the lobby for the reception at the buffet. Let me inform you that in accordance with Magyar Telekom's corporate social responsibility efforts catering will be provided at the General Meeting by the Hungarian Food Bank Association, which is a non-profit organization that helps reducing food waste and deprivation.

The General Meeting shall elect the Chairperson of the General Meeting before the discussion of the agenda items. The Board of Directors resolved that it proposes to the General Meeting me, dr. Dániel Szeszlér to be the Chairperson of the Annual General Meeting. I make known the resolution proposal.

The General Meeting elects dr. Dániel Szeszlér to be the Chairman of the General Meeting.

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Unofficial English translation

based on live interpretation and the Hungarian language minutes

The voting ratio necessary for adopting this resolution is simple majority. I put the proposal to the vote.

The result of the voting: 661,220,761 affirmative votes (92.68%), 6,800 negative votes (0.00%), and 5,729,232 abstentions (0.80%). (Resolution no. 1/2023 (IV.19.), voting ratios in proportion to the registered capital: Affirmative: 65.740691%, Negative: 0.000676%, Abstention: 0.569619%. Shares represented by validly cast votes, i.e. total number of validly cast votes: 666,956,793 pcs, and proportion thereof to the registered capital: 0.663110%.)

I state that the General Meeting has adopted the resolution proposal in Resolution No. 1/2023 (IV.19.).

I propose to the General Meeting to elect dr. Gabriella Bognár registered legal counsel, sitting next to me, as Keeper of the Minutes. I make known the resolution proposal.

The General Meeting elects dr. Gabriella Bognár as Keeper of the Minutes.

The voting ratio necessary for adopting this resolution is simple majority. I put the proposal to the vote.

The result of the voting: 685,799,650 affirmative votes (96.13%), 0 negative votes (0.00%), and 27,388,357 abstentions (3.84%). (Resolution no. 2/2023 (IV.19.), voting ratios in proportion to the registered capital: Affirmative: 68.184403%, Negative: 0.000000%, Abstention: 2.723038%. Shares represented by validly cast votes, i.e. total number of validly cast votes: 713,188,007 pcs, and proportion thereof to the registered capital: 0.709074%.)

I state that the General Meeting has adopted the proposal in Resolution No. 2/2023 (IV.19.).

I propose to the General Meeting to elect Deutsche Telekom Europe B.V. shareholder and its representative, dr. Rita Bajáky, as authenticator of the Minutes. I make known the resolution proposal.

The General Meeting elects Deutsche Telekom Europe B.V. shareholder and its representative, dr. Rita Bajáky, as authenticator of the Minutes of the General Meeting.

The voting ratio necessary for adopting this resolution is simple majority. I put the proposal to the vote.

The result of the voting: 685,838,700 affirmative votes (96.14%), 372,751 negative votes (0.05%), and 27,174,752 abstentions (3.81%). (Resolution no. 3/2023 (IV.19.), voting ratios in proportion to the registered capital: Affirmative: 68.188286%, Negative: 0.037060%, Abstention: 2.701801%. Shares represented by validly cast votes, i.e. total number of validly cast votes: 713,386,203 pcs, and proportion thereof to the registered capital: 0.709271%.)

I state that the General Meeting has adopted the resolution proposal in Resolution No. 3/2023 (IV.19.).

I propose that the General Meeting approves the order for discussing the items on the agenda as proposed by the Board of Directors in accordance with the Announcement and as presented on the screen.

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Unofficial English translation

based on live interpretation and the Hungarian language minutes

1. Report of the Board of Directors on the management of Magyar Telekom Plc., on the business operation, on the business policy and on the financial situation of the Company and Magyar Telekom Group in 2022;
2. Approval of the 2022 Consolidated Financial Statements of the Company prepared according to International Financial Reporting Standards (IFRS); presentation of the relevant report of the Audit Committee, the Supervisory Board and the Auditor;
3. Approval of the 2022 Separate Financial Statements of the Company prepared according to International Financial Reporting Standards (IFRS); presentation of the relevant report of the Audit Committee, the Supervisory Board and the Auditor;
4. Proposal of the Board of Directors for the use of the profit for the year earned in 2022; presentation of the relevant report of the Supervisory Board and the Auditor; use of the profit for the year earned in 2022;
5. Information of the Board of Directors on the purchase of treasury shares following the Annual General Meeting in 2022; authorization of the Board of Directors to purchase ordinary Magyar Telekom shares;
6. Approval of the Corporate Governance and Management Report;
7. Discharging the members of the Board of Directors from liability;
8. Election of member of the Board of Directors;
9. Decreasing the Company's share capital and related modification of the Articles of
   Association;
10. Advisory vote on the amended Remuneration Policy;
11. Advisory vote on the Remuneration Report;
12. Election and determination of the remuneration of the Company's Statutory Auditor, and determination of the contents of the material elements of the contract to be concluded with the Statutory Auditor.

The voting ratio necessary for adopting this resolution is simple majority. I put the proposal to the vote.

The result of the voting: 685,978,637 affirmative votes (96.15%), 117 negative votes (0.00%), and 27,389,185 abstentions (3.84%). (Resolution no. 4/2023 (IV.19.), voting ratios in proportion to the registered capital: Affirmative: 68.202199%, Negative: 0.000012%, Abstention: 2.723121%. Shares represented by validly cast votes, i.e. total number of validly cast votes: 713,367,939 pcs, and proportion thereof to the registered capital: 0.709253%.)

I state that the General Meeting has adopted the order of discussion of the agenda items of the General Meeting, in line with the resolution proposal in Resolution No. 4/2023 (IV.19.).

Chairman: I open the discussion of the first agenda item.

Agenda item no. 1

Report of the Board of Directors on the management of Magyar Telekom Plc., on the business operation, on the business policy and on the financial situation of the Company and Magyar Telekom Group in 2022

Chairman: The Report of the Board of Directors is an informative and contains no resolution proposal. The report of the Board of Directors will be presented by Tibor Rékasi, CEO and member of the Board of Directors of the Company.

Tibor Rékasi: Tibor Rékasi welcome the shareholders and presents the Report of the Board of Directors on the management of Magyar Telekom Plc., on the business operation, on the business

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