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INI-88/10

TELEKOM SLOVENIJE, d.d., Ljubljana

MACEDONIAN ONE TEMPORARILY MANAGED BY THE BOARD OF DIRECTORS

On the basis of the provisions in the Ljubljana Stock Exchange Rules and the valid legislation, Telekom Slovenije, d.d. is publishing the following notification:

Ljubljana, 28 January – After a successful business merger of Telekom Slovenije companies in Macedonia, and after the necessary rebranding of the new, merged company, Olivier Poncin, the Chief Executive Director of ONE – the second biggest Macedonian mobile operator, is completing his work with the company. Telekom Slovenije aims for further collaboration and will begin talks on new projects shortly.

On 1 February, the management of ONE will be handled directly by the Board of Directors, headed by Dušan Mitič, Vice President of the Telekom Slovenije Management Board. This will only be a transitional period as the Board of Directors wants to appoint the new Executive Director no later than in March.

During the consolidation period, the team of the merged ONE designed a clear strategy for company development and set ambitious, but realistic goals. In the following years, ONE has the chance of becoming a leading provider on the Macedonian market and one of the key growth generators in the Telekom Slovenia Group.

The announcement will be published also on the company's web site www.telekom.si, at least 5 years from the date of the announcement.
 
The Management Board
Date: 29.01.2010