Following the completion of Mid Europa’s tender offer in February 2010 in which it acquired (through its acquisition vehicle Hungarian Telecom (Netherlands) Coöperateif U.A.) approximately 91.8% of Invitel’s share capital, and a subsequent voluntary redemption period which expired on 22 March 2010, MEP commenced compulsory redemption (“squeeze out”) proceedings under Danish law on 3 April 2010 in respect of the remaining 1,375,351 shares representing 8.22% of Invitel’s share capital at USD 4.50 per share, the same per cash price offered and paid in the tender offer and during the voluntary redemption period.

Effective on the expiration of the three month redemption period on 5 July 2010, all remaining Invitel shares have been automatically redeemed and transferred to Mid Europa and Invitel's share register has been duly updated to reflect Mid Europa as Invitel’s sole shareholder.

ABOUT MID EUROPA PARTNERS

Mid Europa Partners is a leading independent private equity firm focused on Central and Eastern Europe. Operating from London, Budapest and Warsaw, Mid Europa Partners advises and manages funds with asset value of approximately €3.2 billion. The Mid Europa Partners team has been investing in Central and Eastern Europe since 1999.

ABOUT INVITEL HOLDINGS A/S

Invitel Holdings A/S is the number one alternative and the second-largest fixed line telecommunications and broadband Internet Services Provider in the Republic of Hungary. In addition to delivering voice, data and Internet services in Hungary, it is also a leading player in the Central and Eastern European wholesale telecommunications market.

For further information please contact:

Citigate:
David Westover/Agnès Riousse
+44 (0) 20 7638 9571