Name and address of the reporting corporation: Hungarian Telephone and Cable Corp. 1201 Third Avenue, Suite 3400 Seattle, WA 98101-3034 Date of transaction: 2/26/2009 Description of the transaction Reorganization involving exchange of HTCC shares for Invitel Holdings shares. Did the reporting corporation’s shareholders receive any stock or other property in exchange for their stock in the reporting corporation, for which the reporting corporation has reasonably determined that the shareholders are required to recognize gain (if any).from the exchange of such stock? Yes Fair market value of the stock or other property received $124,000,000 Description of the stock or other property received Ordinary shares of Invitel Holdings A/S
