Utilisation of solid position in Austria to benefit from rising demand for bandwidth and new technologies

Focus on high-value customers and convergence / Growth potential through increased cross- and upselling, e.g. via A1 hybrid modem /  Growth in Internet of Things (IoT) and cloud-based ICT solutions for enterprises / Accelerated LTE and fibre rollout reinforces infrastructure lead- ership / Continuous efficiency improvement in terms of costs and investments

Exploit growth potential in CEE

Anticipated growth on the back of medium-term economic recovery / Consistent imple- mentation of convergence strategyUtilisation of ongoing strong demand for fixed-line products / M&A strengthening existing markets: convergence in Belarus; growth of fixed- line business segment in Croatia  / Efficiency improvement i. a. through regional clusters

Strong balance sheet structure

Leverage ratio corresponds to rating targets and is confirmed by Moody’s (Baa2) and Stan- dard & Poor’s (BBB) / Extensive financial flexibility for investments and M&A

Sustainable dividend policy

Dividend level of EURc 20 with the potential to grow on a sustainable basis in line with the operational and financial performance

Growth + Improved efficiency

Appropriate level of dividend +

Total shareholder return