CyberTron Telekom AG
Ad hoc-Service: CyberTron Telekom AG english

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— – Subscription period of CyberTron warrant linked bond from December 16 through 30, 2000 – CyberTron and BEWAG agree to reverse CyberTron shareholdings in Well.COM and BKF and to conclude long-term network cooperation instead CyberTron Telekom AG invites its shareholders to subscribe to its subordinated warrant linked bond from December 16 through 30, 2000 in the “Wiener Zeitung” the official journal for announcements. All shareholders of CyberTron are entitled to pro rata subscription of the warrant linked bond, which is based on the following conditions. CyberTron Telekom AG and BEWAG AG (electric utility company) have agreed to reverse the agreement to acquire 51% of Well.COM Datahighway Burgenland GmbH and 25.1% of BKF Burgenlaendisches Kabelfernsehen GesmbH, announced on July 18, 2000, and instead to conclude a long-term cooperation agreement regarding the usage of parts of Well.COM’s fibre-optic network. Conditions of the warrant linked bond: Denomination The bond of a total value of up to EUR 26,666,668.00 is denominated in up to 6,666,667 bonds. Each of these bonds comes with a warrant. 101 shares of no par value entitle the bearer to subscribe to 50 bonds based on his/her subscription rights as a shareholder of CyberTron Telekom AG. Subscription price The subscription price amounts to EUR 4.00 per bond. The subscription price including banking fees must be paid in its entirety by the value date at the latest. The value date is January 5, 2001. Duration and interest rate The duration of the bond begins on January 5, 2001 and ends on January 4, 2006. The bonds will be redeemed on January 5, 2006. The interest rate of the bonds has final maturity and amounts to 6% p.a. plus compound interest on the basis of 30/360. Warrants and option right Each warrant entitles the bearer to the subscription of one share of no par value of the issuer at a price of EUR 1.11 in accordance with the terms of the warrant. The warrants are not detachable before January 1, 2002, as long as no shareholder obtains at least 25% of the share capital of CyberTron directly or indirectly before this time, and will be evidenced by certificate separately from the bonds on January 1, 2002. The warrants must not be transferred or offered for sale separate from the bonds. Exercise period The warrants can be exercised from January 1, 2002 through December 9, 2005, with the exception of the periods named in the warrant terms. Should a shareholder obtain, directly or indirectly, at least 25% of CyberTron share capital before January 1, 2002, the warrants will become exercisable at this date. Bond and warrant agent Erste Bank der oesterreichischen Sparkassen AG, 1010 Vienna, Graben 21. Subscription period of the warrant linked bond December 16 through December 30, 2000 Trading The subscription rights will be traded on the Vienna Stock Exchange from December 20 through 22, 2000. From the beginning of the subscription period, the shares will be listed “ex subscription right”. No listing is intended for the warrant linked bond or the warrants. Christoph Senft, Speaker of the Management Board: “Basically we have not changed the recently announced key data of the warrant linked bond. The subscription price per bond amounts to 4 Euro. The warrants are not exercisable before 2002 (with the exception of a change in the shareholder structure). After 2001, exercising the warrants is subject to a number of restrictions (e.g. no exercising in the last three weeks of the financial year, or from the invitation to the annual general meeting until quotation ex dividend, or during another potential capital transaction). On the one hand, we intend to restrict the exercising of the warrants to give the share price sufficient scope to rise once the bonds have been placed and the company is fully financed, on the other hand, we intend to offer attractive conditions for bond subscription.” Note: This press announcement is not an offer to subscribe to the intended warrant linked bond. The prospectus (in German) according to the Austrian Capital Market Act can be requested at Erste Bank der oesterreichischen Sparkassen AG or at CyberTron Telekom AG. Vienna, December 14, 2000 For further information please contact: Christoph Senft Henriette Lininger Speaker of the Management Board Investor Relations Phone:+43 1 919 29 1202 Phone:+43 1 919 29 1212 Fax: +43 1 919 29 1209 e-mail: investor@cybertron.at Web: http://ir.cybertron.at All our press releases are also available on our Investor Relations Homepage at http://ir.cybertron.at. Ende der Mitteilung