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Mid Europa completes tender offer for Invitel

Mid Europa Partners has completed its tender offer to purchase any and all of the outstanding ordinary shares of Invitel Holdings, par value EUR0.01 per share, and any and all of the American depositary shares, each representing one Invitel share.

The offer and withdrawal rights expired at 12:00 midnight, New York City time, on 22 January 2010.

According to the report of the settlement agent for the offer, a total of 2,900,489 Invitel shares and Invitel ADSs have been tendered and not withdrawn, including Invitel ADSs subject to guaranteed delivery.

As a result of the offer, Mid Europa will own approximately 91.8 per cent of the outstanding Invitel shares (including Invitel shares represented by Invitel ADSs).

Mid Europa intends to make prompt payment for the Invitel shares and Invitel ADSs properly tendered and accepted, and in the case of Invitel ADSs tendered by guaranteed delivery procedures, after timely delivery of such Invitel ADSs and required documentation.

Mid Europa intends to acquire the remaining Invitel shares not owned by Mid Europa in a subsequent compulsory acquisition procedure under Danish law at the same per share cash price offered and paid in the tender offer.

Mid Europa Partners is a private equity firm focused on Central and Eastern Europe.

Invitel Holdings provides telecommunication services in Hungary.

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