Press release

Telefónica O2 Czech Republic, a.s. is pleased to announce its audited financial results for the fiscal year 2008. These results are consolidated and prepared according to International Financial Reporting Standards and fully include the results of Telefónica O2 Slovakia, Deltax Systems, Telefónica O2 Business Solutions (formerly Telefónica O2 Services) and other smaller operating companies.

“I am pleased that in 4Q we delivered strong performance and have met all our targets for 2008. Group’s revenues were pushed by steady growth of mobile business and continuing improvement in traditional fixed business. At the same time, the Group managed to maintain its operational and investment efficiency, which resulted in operational profitability well above the industry average in CEE region. In 2009, within the challenging environment, we will stay focused on customers’ needs, further strengthening of our position in Slovakia and cash flow growth. Considering current financial position and prospective business performance, the Board of Directors intends to propose a dividend payment of CZK 50 per share,” says Salvador Anglada, Chief Executive Officer and Chairman of the Board of Directors of Telefónica O2 Czech Republic, when commenting on the operator’s financial results.

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