Supplemental Deed dated April 27, 2007 (relating to an Intercreditor Deed)



 EXHIBIT 10.7 
 Dated 27 April 2007 
 SUPPLEMENTAL DEED 
 relating to an 
 INTERCREDITOR DEED

 among 
 MAGYAR
TELECOM B.V. 
 Issuer 
 INVITEL ZRt. 
 Company 
 MAGYAR TELECOM B.V. and 
 CERTAIN OF ITS SUBSIDIARIES 
 Original Obligors 
 MATEL HOLDINGS
N.V. and CERTAIN 
 OF ITS SUBSIDIARIES 
 Original Subordinated Shareholder Creditors 
 BNP PARIBAS 
 Co-ordinator and Senior Agent 
 BNP
PARIBAS, Hungary Branch 
 HUF Agent 
 BNP PARIBAS TRUST CORPORATION UK LIMITED 
 Security Trustee 
 THE BANK OF NEW YORK 
 HY Note
Trustee 
 BNY CORPORATE TRUSTEE SERVICES LIMITED 
 FRN Note Trustee 









 Contents 
  

					
	 	  	Page
	 Clause
	  	
	 1
	  	 Interpretation
	  	2
			
	 2
	  	 Amendments to the Principal Intercreditor Deed
	  	2
			
	 3
	  	 Accession to the Restated Intercreditor Deed
	  	3
			
	 4
	  	 Euroweb Romania
	  	3
			
	 5
	  	 Representations and Warranties
	  	3
			
	 6
	  	 Expenses
	  	4
			
	 7
	  	 Miscellaneous
	  	4
			
	 8
	  	 Governing Law
	  	4
			
	 9
	  	 Enforcement
	  	4
		
	 Schedule 1 The Parties
	  	6










 THIS SUPPLEMENTAL DEED is dated 27 April 2007 and made BETWEEN: 
  

	(1)	MAGYAR TELECOM B.V. as the Issuer; 

  

	(2)	INVITEL Zrt. as the Company; 

  

	(3)	MATEL HOLDINGS N.V. as the Ultimate Parent; 

  

	(4)	THE COMPANIES listed in Part I of Schedule 1 (The Parties) as the Original Obligors (the “Original Obligors”) 

  

	(5)	THE COMPANIES listed in Part II of Schedule 1 (The Parties) as the Original Subordinated Shareholder Creditors (the “Original Subordinated Shareholder
Creditors”); 

  

	(6)	BNP PARIBAS as Co-ordinator; 

  

	(7)	BNP PARIBAS as the Senior Agent; 

  

	(8)	BNP PARIBAS, Hungary Branch as the HUF Agent; 

  

	(9)	BNP PARIBAS TRUST CORPORATION UK LIMITED as the Security Trustee; 

  

	(10)	THE BANK OF NEW YORK as the HY Note Trustee; 

  

	(11)	BNY CORPORATE TRUSTEE SERVICES LIMITED as FRN Note Trustee; 

  

	(12)	THE FINANCIAL INSTITUTIONS listed in Part III of Schedule 1 (The Parties) as the Original Senior Lenders; 

  

	(13)	CALYON BANK MAGYARORSZÁG ZRT. as the acceding Senior Lender (the “Acceding Senior Lender”); 

  

	(14)	THE FINANCIAL INSTITUTIONS listed in Part IV of Schedule 1 (The Parties) as the Original Hedge Counterparties; and 

  

	(15)	THE FINANCIAL INSTITUTIONS listed in Part V of Schedule 1 (The Parties) as the New Hedge Counterparties. 

 WHEREAS: 
  

	(A)	By an agreement (the “Principal Facilities Agreement”) dated 6 August 2004 and made between Magyar Telecom B.V. as the Parent, Invitel Zrt. as the Borrower,
the companies set out in part A of schedule 1 thereto as Original Guarantors, BNP Paribas and Credit Suisse First Boston International as the Arranger, the banks and financial institutions set out in part B of schedule 1 thereto as Original Lenders,
BNP Paribas and BNP Paribas Hungária Bank Rt. as the Agents and BNP Paribas Trust Corporation UK Limited as Security Trustee, whereby the Original Lenders agreed to make available to the Borrower loan facilities of €165,000,000 upon the
terms and subject to the conditions therein contained. 

  

	(B)	The Parent and the Borrower have requested the Lenders, and the Lenders have agreed, to waive certain provisions of the Principal Facilities Agreement and to amend the Principal
Facilities Agreement to the extent set out in a supplemental agreement dated on or about the date of this Supplemental Deed (the “Facilities Agreement Supplemental Agreement”). 

  

	(C)	This Intercreditor Supplemental Deed is supplemental to an intercreditor deed dated 6 August 2004 made between, inter alios, the Issuer, the Company, the Ultimate
Parent, the Original Obligors, the Original Subordinated Shareholder Creditors, the Co-ordinator, the Arranger, the Senior Agent, the HUF Agent, the Security Trustee, the HY Note Trustee, the Original Senior Lenders and the Original Hedge
Counterparties (the “Principal Intercreditor Deed”). 

  

 1 









	(D)	The Senior Agent is entering into this Supplemental Deed on behalf of itself and, pursuant to clause 35.1.2 (Required consents) of the Principal Facilities Agreement, the Arranger.


 NOW IT IS AGREED as follows: 
  

	1	Interpretation 

  

	1.1	Definitions in Principal Intercreditor Deed 

 Unless
the context otherwise requires and save as mentioned below, words and expressions defined in the Principal Intercreditor Deed or, if not defined in the Principal Intercreditor Deed, the Facilities Agreement Supplemental Deed, shall have the same
meanings when used in this Intercreditor Supplemental Deed. In this Intercreditor Supplemental Deed, unless the context otherwise requires: 
 “Accession Date” has the meaning given thereto in the Facilities Agreement Supplemental Agreement. 
 “Intercreditor Supplemental Deed” means this Deed. 
 “Restated Intercreditor Deed” means, prior to
the Accession Date, the Principal Intercreditor Deed as it will be amended and restated pursuant to this Intercreditor Supplemental Deed and, with effect from the Accession Date, the Principal Intercreditor Agreement as amended and restated pursuant
to this Intercreditor Supplemental Deed. 
 “Supplemental Finance Documents” has the meaning given thereto in the Facilities
Agreement Supplemental Agreement. 
  

	1.2	Interpretation of Principal Intercreditor Deed 

 References in the Principal Intercreditor Deed to “this Deed” shall, with effect from the Accession Date and unless the context otherwise requires, be references to the Principal Intercreditor Deed as amended by this
Intercreditor Supplemental Deed and words such as “herein”, “hereof”, “hereunder”, “hereafter”, “hereby” and “hereto”, where they appear in the
Principal Intercreditor Deed, shall be construed accordingly. 
  

	1.3	Incorporation of certain references 

 Clauses 1.3 (Headings), 1.4 (Construction of certain terms) and 1.6 (Third Party Rights) of the Principal Intercreditor Deed shall be deemed to be incorporated in this Intercreditor Supplemental Deed in full,
mutatis mutandis. 
  

	1.4	Designation as Finance Document 

 The Parties agree
that this Intercreditor Supplemental Deed is and shall be designated as a Finance Document. 
  

	1.5	Effect as a deed 

 This Intercreditor Supplemental
Deed is intended to take effect as a deed notwithstanding that a Party may have executed it under hand only. 
  

	2	Amendments to the Principal Intercreditor Deed 

  

	2.1	With effect from the Accession Date, the Principal Intercreditor Deed shall be amended and restated so as to read in accordance with the form of the amended and restated
intercreditor deed set out in the Appendix and the Principal Intercreditor Deed (as so amended and restated) will, subject to clause 4 (Euroweb Romania), continue to be binding upon each of the parties thereto upon such terms as so amended
and restated. 

  

 2 









	2.2	By its execution of this Intercreditor Supplemental Deed, the Ultimate Parent agrees that the Security Documents to which it is a party and its obligations thereunder shall remain
in full force and effect and the rights of the Lenders thereunder shall not be prejudicially affected notwithstanding the amendments made to the Principal Facilities Agreement pursuant to the Facilities Agreement Supplemental Agreement or the
amendments made to the Principal Intercreditor Deed pursuant to this Intercreditor Supplemental Deed. 

  

	3	Accession to the Restated Intercreditor Deed 

  

	3.1	With effect from the Accession Date, each of the New Hedge Counterparties shall become a party to the Restated Intercreditor Deed as a Hedge Counterparty and shall observe, perform
and be bound by the terms and provisions of, and be entitled to exercise all the rights set out in, the Restated Intercreditor Deed in the capacity of a Hedge Counterparty. The rights and obligations under the Restated Intercreditor Deed between the
New Hedge Counterparties and the other parties to the Restated Intercreditor Deed shall be construed accordingly. 

  

	3.2	With effect from the Accession Date, the FRN Trustee shall become a party to the Restated Intercreditor Deed as FRN Trustee and shall observe, perform and be bound by the terms and
provisions of, and be entitled to exercise all the rights set out in, the Restated Intercreditor Deed in the capacity of FRN Trustee. The rights and obligations under the Restated Intercreditor Deed between the FRN Trustee and the other parties to
the Restated Intercreditor Deed shall be construed accordingly. 

  

	3.3	With effect from the Accession Date, the Acceding Senior Lender shall become a party to the Restated Intercreditor Deed as a Senior Finance Party and shall observe, perform and be
bound by the terms and provisions of, and be entitled to exercise all the rights set out in, the Restated Intercreditor Deed in the capacity of Senior Finance Party. The rights and obligations under the Restated Intercreditor Deed between the
Acceding Senior Lender and the other parties to the Restated Intercreditor Deed shall be construed accordingly. 

  

	4	Euroweb Romania 

  

	4.1	Notwithstanding the amendment and restatement of the Principal Intercreditor Deed on the Accession Date or any other provision of this Supplemental Deed, the Parties hereto agree
that the rights and obligations of Euroweb Romania as between itself and the other Parties shall remain as set out in the Principal Intercreditor Deed prior to the amendment and restatement pursuant to clause 2 (Amendments to the Principal
Intercreditor Deed) and shall not be affected or amended following the execution or performance of this Supplemental Deed. 

  

	4.2	For the avoidance of doubt, the provisions of clause 2 (Amendments to the Principal Intercreditor Deed) shall not operate as a release of Euroweb Romania from its obligations
under the Principal Intercreditor Deed. 

  

	5	Representations and Warranties 

  

	5.1	The Ultimate Parent makes the representations and warranties set out below to the Finance Parties on the date of this Supplemental Agreement: 

  

	5.1.1 	The Ultimate Parent has the power to enter into and perform all of its obligations under the Supplemental Finance Documents to which it is a party. 

  

	5.1.2 	All necessary corporate, shareholder and other action have been taken by the Ultimate Parent to authorise the entry into and performance of the Supplemental Finance Documents to
which it is a party. 

  

	5.1.3 	No limitation on any of their powers to create or maintain security interests will be exceeded as a result of the Ultimate Parent ‘s entry into the Supplemental Finance
Documents to which it is a party. 

  

 3 









	5.2	Each Obligor (other than Euroweb Romania) and each Subordinated Shareholder Creditor (other than Euroweb Romania) shall make the representations and warranties set out in
clause 4 (Representations and warranties) of the Restated Intercreditor Deed to each of the Finance Parties, the HY Creditors and the FRN Creditors on the Accession Date as if made on such date with reference to the facts and
circumstances existing at each such date. 

  

	6	Expenses 

 Each Obligor (other than Euroweb Romania)
and each Subordinated Shareholder Creditor (other than Euroweb Romania) shall, within three business days of demand, pay to each Senior Finance Party or HY Creditor or FRN Creditor the amount of all costs and expenses incurred by it in connection
with the negotiation, preparation and execution of this Intercreditor Supplemental Deed and any document referred to herein and the transactions contemplated by this Intercreditor Supplemental Deed. 
  

	7	Miscellaneous 

  

	7.1	Continuation of Principal Intercreditor Deed 

 Save
as amended by this Intercreditor Supplemental Deed, the provisions of the Principal Intercreditor Deed shall continue in full force and effect and the Principal Intercreditor Deed and this Intercreditor Supplemental Deed shall be read and construed
as one instrument. 
  

	7.2	Counterparts 

 This Intercreditor Supplemental Deed
may be executed in any number of counterparts and by the different parties on separate counterparts, each of which when so executed and delivered shall be an original but all counterparts shall together constitute one and the same instrument.

  

	7.3	Partial invalidity 

 If, at any time, any provision
of this Intercreditor Supplemental Deed is or becomes illegal, invalid or unenforceable in any respect under any law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or
enforceability of such provision in any other respect or under the law of any other jurisdiction will be affected or impaired in any way. 
  

	8	Governing Law 

 This Intercreditor Supplemental Deed
shall be governed by English law. 
  

	9	Enforcement 

  

	9.1	Jurisdiction 

  

	9.1.1 	The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this Intercreditor Supplemental Deed (including a dispute regarding the
existence, validity or termination of this Intercreditor Supplemental Deed) (a “Dispute”). 

  

	9.1.2 	The Parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no Party will argue to the contrary.


  

	9.1.3 	This clause 9.1 is for the benefit of the Finance Parties, the HY Note Trustee and the FRN Trustee only. As a result, no Finance Party or the HY Note Trustee nor the FRN
Trustee shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed by law, the Finance Parties, the HY Note Trustee or the FRN Trustee may take concurrent proceedings in any number
of jurisdictions. 

  

 4 









	9.2	Service of process 

 Without prejudice to any other
mode of service allowed under any relevant law: 
  

	9.2.1 	the Ultimate Parent, the Parent and each Obligor (other than the Parent) irrevocably appoints Law Debenture Corporate Services Limited, Fifth floor, 100 Wood Street, London EC2V 7EX
(Attention: J. Middleton) as its agent for service of process in relation to any proceedings before the English courts in connection with any Finance Document; and 

  

	9.2.2 	agrees that failure by a process agent to notify the relevant Obligor of the process will not invalidate the proceedings concerned. 

  

	9.3	Waiver of immunity 

 Each Obligor, HY Note Trustee,
FRN Trustee and Subordinated Shareholder Creditor waives generally all immunity it or its assets or revenues may otherwise have in any jurisdiction, including immunity in respect of: 
  

	9.3.1 	the giving of any relief by way of injunction or order for specific performance or for the recovery of assets or revenues; and 

  

	9.3.2 	the issue of any process against its assets or revenues for the enforcement of a judgment or, in an action in rem, for the arrest, detention or sale of any of its assets and
revenues. 

  

	9.4	Waiver of trial by jury 

 Each Party waives any
right it may have to a jury trial of any claim or cause of action in connection with or arising out of this Intercreditor Supplemental Deed or any transaction contemplated by this Intercreditor Supplemental Deed. This Intercreditor Supplemental Deed
may be filed as a written consent to trial by court. 
  

	9.5	Inconvenient Forum 

 Each Obligor, HY Note Trustee,
FRN Trustee and Subordinated Shareholder Creditor waives any objection it may have now or hereafter to the laying of venue of any action or proceedings in any court or jurisdiction referred to in clause 9.1 (Jurisdiction) and any claim
it may have now or hereafter that any action or proceedings brought in such courts or jurisdiction has been brought in an inconvenient forum. 
 IN
WITNESS whereof the parties hereto have caused this Intercreditor Supplemental Deed to be duly executed and delivered as a deed the day and year first above written. 
  

 5 








 Schedule 1 
 The Parties 
 Part I 
 The Original Obligors 
  

			
	 Company name
	  	 Registered Addresses

		
	 Magyar Telecom B.V.
	  	 Laan van Kronenburg 8
 1183 AS Amstelveen
 The Netherlands

		
	 Invitel Zrt.
	  	 Puskás Tivadar utca 8-10
 2040
Budaörs
 Hungary

		
	 V-holding Zrt.
	  	 Puskás Tivadar utca 8-10
 2040
Budaörs
 Hungary

		
	 Euroweb Internet Szolgátató Zrt.
	  	 Puskás Tivadar utca 8-10
 2040
Budaörs
 Hungary

		
	 Euroweb Romania S.A.
	  	 102 Lipscani Street
 Nouveau Centre
 Corp A, 3rd floor
 Bucharest
 Romania


  

 6 








 Part II 
 The Original Subordinated Shareholder Creditors 
  

			
	 Obligor name
	  	 Registered Addresses

		
	 Matel Holdings N.V.
	  	 Kaya W.F.G. Mensing 14,
 Willemstad
 Curaçao,
 Netherlands Antilles

		
	 Magyar Telecom B.V.
	  	 Laan van Kronenburg 8
 1183 AS Amstelveen
 The Netherlands

		
	 Invitel Zrt.
	  	 Puskás Tivadar utca 8-10
 2040
Budaörs
 Hungary

		
	 V-holding Zrt.
	  	 Puskás Tivadar utca 8-10
 2040
Budaörs
 Hungary

		
	 Euroweb Internet Szolgátató Zrt.
	  	 Puskás Tivadar utca 8-10
 2040
Budaörs
 Hungary

		
	 Euroweb Romania S.A.
	  	 102 Lipscani Street
 Nouveau Centre
 Corp A, 3rd floor
 Bucharest
 Romania


  

 7 








 Part III 
 The Original Senior Lenders 
  

					
	 Name of Senior Lender
	 	 Address
	 	 Fax No./Contact

			
	 Allied Irish Banks p.l.c.
	 	Bankcentre, Ballsbridge, Dublin 4	 	 Fax         + 353 1 670 0064
  
 Attention      : Niall
O’Reilly / Kingma Kozma

			
	 BNP Paribas
	 	 37 Place du Marché
 Saint Honoré

750001, Paris, France
	 	 Fax:         +33 1 4298 1065/0979
  
 Attention:    Jean-Philippe
Rouane

			
	 BNP Paribas, Hungary Branch
	 	 H-1055 Budapest
 Honvéd u.20
 Hungary
	 	 Fax:         +36 1 374 6322 /
                      +36 1 302 4499
  
 Attention:    Balazs Elek

			
	 DEXIA Crédit Local
	 	 1 Passerelle des Reflets
 Tour Dexia La Defense
2
 92919 La Defense Cedex
	 	 Fax:         +33 1 58 58 74 20
  
 Attention:    Carl
Bassili

			
	 Erste Bank Hungary Rt.
	 	 1056 Budapest
 Hold u. 16.
 Hungary
	 	 Fax:         +36 1 268 4452
  

Attention:    Gabor Dobrovoini

			
	 UniCredit Bank Hungary Zrt.
	 	 1054, Budapest
 Akadémla utca 17
 Hungary
	 	 Fax:         +36 1 301 1254
  

Attention:    Balazs Javor

			
	 KBC Finance Ireland
	 	 Operation
 LLB Bank
 91 Merrion Square
 Dublin 2
 Ireland
	 	 Fax:         +353 1 678 5034
  

Attention:    Amanda Toye/ Deidre Balfe

			
	 K&H Bank Nyrt
	 	 H-1051 Budapest
 Vigadó tér 1.

Hungary
	 	 Fax:         +36 1 328 9134
  

Attention:    Mr. György Gáldi

			
	 MKB Bank Nyrt
	 	 H – 1038 Budapest
 Vaci U; 38.
Hungary
	 	 Fax:         +36 1 268 8269
  
 Attention      : Sandor Vegh
/ Agnes Hegedus

			
	 Natixis
	 	 Capital House
 85 King William Street
 London EC4N 7BL
 United Kingdom
	 	 Fax:         + 44 20 7184 3190
  
 Attention:    Clive Carpenter /
Nathalie Lemarcis

			
	 OTP Bank
	 	 Project Finance and Acquisition Directorate
 1876
Budapest
 Nádor u. 16
 Hungary
	 	 Fax:         +36 1 258 4225
  

Attention:    Dr. Mikiós Nemeth/ Ms. Éva Révész


  

 8 








 Part IV 
 The Original Hedge Counterparties 
  

					
	 Name of Hedge Counterparty
	 	 Address
	 	 Fax No./Contact

			
	 BNP Paribas (Paris)
	 	 75450 Paris Cedex 09
 France
	 	 Fax.:         +33 1 4298 0979/1065
  
 Attention:    Mr. Jean-Philippe
Rouane

			
	 K&H Bank Nyrt.
	 	 1051 Budapest
 Vigató tér 1.
 Hungary
	 	 Fax.: +36 1 328 9573
  
 Attention:    Mr. Gábor Kéri

			
	 BNP Paribas, Hungary Branch
	 	 1055 Budapest
 Honvéd u. 10
 Hungary
	 	 Fax: +36 1 332 4765
  
 Attention:    Mr. József Laczi

			
	 UniCredit Bank Hungary Zrt.
	 	 1054 Budapest
 Szabadság tér
5-6.
 Hungary
	 	 Fax: +36 1 269 4667
  
 Attention:    Mr György Pórfy


  

 9 








 Part V 
 The New Hedge Counterparty 
  

					
	 Name of Hedge Counterparty
	 	 Address
	 	 Fax No./Contact

			
	 Merrill Lynch International Bank Limited
	 	 Treasury Building
 Lower Grand Canal Street
 Dublin 2
 Ireland
	 	 Attention: Chief Operating Officer
  
 Fax.: 3531 605 8501


  

 10 








 EXECUTION PAGES 
 IN WITNESS whereof the parties to this Deed have caused this Deed to be duly executed on the Date first above written. 
 The Issuer 
 MAGYAR TELECOM B.V. 
  

			
	By:	 	K.B. VAN POLANEN
		
	By:	 	J.C.J. VAN DER WOORD
		
	Address: 	 	Magyar Telecom B.V.
		 	Telepourtboulevard 140
		 	1043 EJ, Amsterdam
		 	The Netherlands
		
	Attention: 	 	Craig Butcher/Tim Green
		
	 Fax:
	 	+ 36 1 411 1271/+44 207 292 9390

 The Company 
 INVITEL ZRT.  
  

			
	By:	 	MARTIN ROBERT EDWARD LEA
		
	By:	 	ROBERT MITFORD BOWKER
		
	Address: 	 	Invitel Zrt.
		 	Puskás Tivadar utca 8-10
		 	2040 Budaörs
		 	Hungary
		
	Attention: 	 	Robert Bowker
		
	 Fax:
	 	+36 1 801 1363

 The Ultimate Parent 
 MATEL HOLDINGS N.V. 
  

			
	By:	 	ZSUZSANNA CZEBE
		
	Address: 	 	Matel Holdings N.V.
		 	Kaya W.F.G. Mensing 14,
		 	Willemstad
		 	Curaçao,
		 	Netherlands Antilles
		
	Attention: 	 	Wilfred Flocker/Poppy Allee at ING Trust (Antilles) N.V.
		
	 Fax:
	 	+59 99 432 7590

  

 11 








 The Original Obligors 
 MAGYAR TELECOM B.V. 
  

			
	By:	 	K.B. VAN POLANEN
		
	By:	 	J.C.J. VAN DER WOORD
		
	Address: 	 	Magyar Telecom B.V.
		 	Telepourtboulevard 140
		 	1043 EJ, Amsterdam
		 	The Netherlands
		
	Attention: 	 	Craig Butcher/Tim Green
		
	 Fax:
	 	+ 36 1 411 1271/+44 207 292 9390

 INVITEL ZRT. 
  

			
	By:	 	MARTIN ROBERT EDWARD LEA
		
	By:	 	ROBERT MITFORD BOWKER
		
	Address: 	 	Invitel Zrt.
		 	Puskás Tivadar utca 8-10
		 	2040 Budaörs
		 	Hungary
		
	Attention: 	 	Robert Bowker
		
	 Fax:
	 	+36 1 801 1363

 V-HOLDING TANÁCSADÓ ZRT. 
  

			
	By:	 	MARTIN ROBERT EDWARD LEA
		
	By:	 	ZSUZSANNA CZEBE
		
	Address: 	 	V-holding Tanácsadó Zrt.
		 	Puskás Tivadar utca 8-10
		 	2040 Budaörs
		 	Hungary
		
	Attention: 	 	Robert Bowker
		
	 Fax:
	 	+36 1 801 1363

  

 12 








 S.C. EUROWEB ROMANIA S.A. 
  

			
	By:	 	LAURENTIU STAN
		
	Address: 	 	Puskás Tivadar utca 8-10
		 	2040 Budaörs
		 	Hungary
		
	Attention: 	 	Mr Sándor Halász
		
	Fax:	 	+36 1 801 1353

 EUROWEB INTERNET SZOLGÁTATÓ ZRT. 
  

			
	By:	 	MARTIN ROBERT EDWARD LEA
		
	By:	 	ROBERT MITFORD BOWKER
		
	Address: 	 	Euroweb Internet Szolgátató Zrt.
		 	Puskás Tivadar U.8-10
		 	2040 Budaörs
		 	Hungary
		
	 Attention: 
	 	Mr Sándor Halász
		
	 Fax:
	 	+36 1 801 1353

 The Original Subordinated Shareholder Creditors 
 MATEL HOLDINGS N.V. 
  

			
	By:	 	ZSUZSANNA CZEBE
		
	Address: 	 	Matel Holdings N.V.
		 	Kaya W.F.G. Mensing 14,
		 	Willemstad
		 	Curaçao,
		 	Netherlands Antilles
		
	Attention: 	 	Wilfred Flocker/Poppy Allee at ING Trust (Antilles) N.V.
		
	 Fax:
	 	+59 99 432 7590

  

 13 








 MAGYAR TELECOM B.V. 
  

			
	By:	 	K.B. VAN POLANEN
		
	By:	 	J.C.J. VAN DER WOORD
		
	Address: 	 	Magyar Telecom B.V.
		 	Teleportboulevard 140
		 	1043 EJ, Amsterdam
		 	The Netherlands
		
	 Attention: 
	 	Craig Butcher/Tim Green
		
	 Fax:
	 	+ 36 1 411 1271/+44 207 292 9390

 INVITEL ZRT. 
  

			
	By:	 	MARTIN ROBERT EDWARD LEA
		
	By:	 	ROBERT MITFORD BOWKER
		
	Address: 	 	Invitel Zrt.
		 	Puskás Tivadar utca 8-10
		 	2040 Budaörs
		 	Hungary
		
	 Attention: 
	 	Robert Bowker
		
	 Fax:
	 	+36 1 801 1363

 V-HOLDING TANÁCSADÓ ZRT. 
  

			
	By:	 	ZSUZSANNA CZEBE
		
	Address: 	 	V-holding Tanácsadó Zrt.
		 	Puskás Tivadar utca 8-10
		 	2040 Budaörs
		 	Hungary
		
	Attention: 	 	Robert Bowker
		
	 Fax:
	 	+36 1 801 1363

 S.C. EUROWEB ROMANIA S.A. 
  


			
	By:	 	LAURENTIU STAN
		
	Address: 	 	Puskás Tivadar utca 8-10
		 	2040 Budaörs
		 	Hungary
		
	Attention: 	 	Mr Sándor Halász
		
	Fax:	 	+36 1 801 1353

  

 14 








 EUROWEB INTERNET SZOLGÁTATÓ ZRT. 
  

			
	By:	 	MARTIN ROBERT EDWARD LEA
		
	By:	 	ROBERT MITFORD BOWKER
		
	Address: 	 	Euroweb Internet Szolgátató Zrt.
		 	Puskás Tivadar U.8-10
		 	2040 Budaörs
		 	Hungary
		
	 Attention: 
	 	Mr Sándor Halász
		
	 Fax:
	 	+36 1 801 1353

 The Co-ordinator 
 BNP PARIBAS 
  

			
	By:	 	THIERRY BONNEL
		
	Address: 	 	BNP Paribas
		 	37 Place du Marché Saint-Honoré
		 	75001, Paris
		 	France
		
	Attention: 	 	Jean-Philippe Rouane
		
	 Fax:
	 	+33 1 42 98 1065 / 0979

 The New Hedge Counterparty 
 MERRILL LYNCH INTERNATIONAL BANK 
 LIMITED 
  

			
	By:	 	LEE HALLA
		
	By:	 	BRENDAN BONAR
		
	Address: 	 	Treasury Building
		 	Lower Grand Canal Street
		 	Dublin 2
		 	Ireland
		
	 Attention: 
	 	Chief Operating Officer
		
	 Fax:
	 	3531 605 8501

  

 15 








 The Senior Agent 
 BNP PARIBAS  
  

			
	By:	 	THIERRY BONNEL
		
	By:	 	SERGIO COLLAVINI
		
	Address: 	 	BNP Paribas37 Place du Marché Saint-Honoré
		 	75001, Paris
		 	France
		
	Attention: 	 	Thierry Bonnel
		
	 Fax:
	 	+33 1 42 98 1933

 The HUF Agent 
 BNP PARIBAS, Hungary Branch 
  

			
	By:	 	THIERRY BONNEL
		
	By:	 	SERGIO COLLAVINI
		
	Address: 	 	BNP Paribas, Hungary Branch
		 	H-1055 Budapest, Honvéd U.20,
		 	Hungary
		
	Attention: 	 	Balazs Elek
		
	 Fax:
	 	+36 1 374 6322 / 36 1 302 4499

 The Security Trustee 
 BNP PARIBAS TRUST CORPORATION UK 
 LIMITED 
  

			
	By:	 	PAUL SCULLY
		
	By:	 	GARY WEBB
		
	Address: 	 	BNP Paribas Trust Corporation UK Limited
		 	55 Moorgate
		 	London
		 	EC2R 6PA
		
	 Attention: 
	 	The Directors
		
	 Fax:
	 	+44 207 595 5078

  

 16 








 The HY Note Trustee 
 THE BANK OF NEW YORK 
  

			
	By:	 	LLOYD GEORGE
		
	By:	 	PAUL BASHFORD
		
	Address: 	 	The Bank of New York
		 	One Canada Square
		 	London
		 	E14 5AL
		
	Attention: 	 	Corporate Trust Administration
		
	 Fax:
	 	+44 207 964 6399

 The FRN Note Trustee 
 BNY CORPORATE TRUSTEE SERVICES 
 LIMITED 
  

			
	By:	 	LLOYD GEORGE
		
	By:	 	PAUL BASHFORD
		
	Address: 	 	BNY Corporate Trustee Services Limited
		 	One Canada Square
		 	London
		 	E14 5AL
		
	Attention: 	 	Manager, Trustee Administration
		
	 Fax:
	 	+44 207 964 2351

  

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 The Original Senior Lenders 
 BNP PARIBAS 
  

			
	By:	 	THIERRY BONNEL
		
	Address: 	 	BNP Paribas
		 	37 Place du Marché Saint-Honoré
		 	75001, Paris
		 	France
		
	Attention: 	 	Jean-Philippe Rouane
		
	 Fax:
	 	+33 1 42 98 1065 / 0979

 BNP PARIBAS, Hungary Branch 
  

			
	By:	 	THIERRY BONNEL
		
	Address: 	 	BNP Paribas, Hungary Branch
		 	H-1055 Budapest, Honvéd U.20,
		 	Hungary
		
	Attention: 	 	Balazs Elek
		
	 Fax:
	 	+36 1 374 6322 / +36 1 302 4499

 OTP BANK 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	OTP Bank
		 	Project Finance and Acquisition Directorate
		 	1876 Budapest
		 	Nádor u. 16
		 	Hungary
		
	 Attention: 
	 	Dr. Mikiós Nemeth/Ms. Éva Révész
		
	 Fax:
	 	+36 1 258 4225

 ERSTE BANK HUNGARY RT. 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	Erste Bank Hungary Rt.
		 	1056 Budapest
		 	Hold u. 16.
		 	Hungary
		
	 Attention: 
	 	Gabor Dobrovoini
		
	 Fax:
	 	+36 1 268 4452

  

 18 








 NATIXIS 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	Natixis
		 	Capital House
		 	85 King William Street
		 	London EC4N 7BL
		 	United Kingdom
		
	 Attention: 
	 	Clive Carpenter/Nathalie Lemarcis
		
	 Fax:
	 	+ 44 20 7184 3190

 KBC FINANCE IRELAND 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	KBC Finance Ireland
		 	Operation
		 	LLB Bank
		 	91 Merrion Square
		 	Dublin 2
		 	Ireland
		
	 Attention: 
	 	Amanda Toye/Deirdre Balfe
		
	 Fax:
	 	+353 1 678 5034

 K&H BANK NYRT 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Addess:	 	K&H Bank Nyrt
		 	H-1051 Budapest
		 	Vigadó tér 1.
		 	Hungary
		
	Attention:	 	Mr. György Gáldi
		
	 Fax:
	 	+36 1 328 9134

  

 19 








 DEXIA CRÉDIT LOCAL 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	Dexia Crédit Local
		 	1 Passerelle ses Reflets
		 	 Tour Dexia La Defense 2
 92919 La Defense
Cedex

		
	Attention: 	 	Carl Bassili
		
	 Fax:
	 	+33 1 58 58 74 20

 UNICREDIT BANK HUNGARY ZRT. 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	UniCredit Bank Hungary Zrt.
		 	1054, Budapest
		 	Akadémla utca 17
		 	Hungary
		
	Attention: 	 	Balazs Javor
		
	 Fax:
	 	+36 1 301 1254

 ALLIED IRISH BANK PLC 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	Allied Irish Bank plc
		 	Bankcentre
		 	Ballsbridge
		 	Dublin 4
		
	 Attention: 
	 	Niall O’Reilly/Kingma Kozma
		
	 Fax:
	 	+353 1 670 0064

 MKB BANK NYRT. 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	MKB Bank Nyrt.
		 	H-1038 Budapest
		 	Vaci U; 38.
		 	Hungary
		
	 Attention: 
	 	Sandor Vegh/Agnes Hegedus
		
	 Fax:
	 	+36 1 268 8269

  

 20 








 The Acceding Senior Lender 
 CALYON BANK MAGYARORSZÁG ZRT. 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	1051 Budapest
		 	József nádor tér 7
		 	Hungary
		
	Attention: 	 	Olivier Joyeux/Sylvain Cotten
		
	 Fax:
	 	+36 1 327 9150

 The Original Hedge Counterparties 
 BNP PARIBAS 
  

			
	By:	 	THIERRY BONNEL
		
	Address:	 	BNP Paribas
		 	37 Place du Marché Saint-Honoré
		 	75001, Paris
		 	France
		
	Attention:	 	Jean-Philippe Rouane
		
	 Fax:
	 	+33 1 42 98 1065 / 0979

 K&H BANK NYRT 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address:	 	1051 Budapest
		 	Vigató tér 1.
		 	Hungary
		
	Attention:	 	Mr. Gábor Kéri
		
	 Fax:
	 	+36 1 328 9573

 BNP PARIBAS, Hungary Branch 
  

			
	By:	 	THIERRY BONNEL
		
	Address:	 	1055 Budapest
		 	Honvéd u. 10
		 	Hungary
		
	Attention:	 	Mr. József Laczi
		
	Fax:	 	+36 1 332 4765

  

 21 








 UNICREDIT BANK HUNGARY ZRT. 
  

			
	By:	 	THIERRY BONNEL
		 	(as attorney)
		
	Address: 	 	1054 Budapest
		 	Szabadság tér 5-6.
		 	Hungary
		
	Attention: 	 	Mr György Pórfy
		
	 Fax:
	 	+36 1 269 4667

  

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