This change is a consequence of the recently announced adjustment of the shareholders` pact between the two major shareholders of Telecom Austria AG , `IIGG` and `Telecom Italia`. A shareholders` pact (sometimes called the U.S. Shareholders` Pact) (SHA) is an agreement between shareholders or members of a company. In practice, it is analogous to a partnership agreement. It can be said that some legal systems do not properly define the concept of a shareholders` pact, regardless of the definition of the particular consequences of these agreements. There are advantages to the shareholder agreement; to be precise, it helps the company maintain the absence of advertising and maintain confidentiality. Nevertheless, some drawbacks should be taken into account, such as the limited effect on third parties (particularly assignees and stock buyers) and the change of agreed items may take time. There are also some risks associated with implementing a shareholder agreement in some countries. and, therefore, if corporate law is applied exclusively, only the majority shareholder can appoint all members of the board of directors. CHSH advises `IG` on a shareholder contract with America Movil SKW Schwarz fully advising the shareholders of ODC Service GmbH, particularly in the development and negotiation of the sales contracts and the shareholders` agreement. The agreement in principle is subject to certain conditions of conclusion. Largest Single Shareholder GSI Commerce Solutions , Inc.

and Shareholder Group Just Before The Agreement Ahead of the Extraordinary General Meeting The signing of the Shareholder Pact triggers a binding takeover offer to be made by America Movil. The shareholders` pact will enter into force after the conclusion of all regulatory approvals, such as merger control, the telecommunications supervisory authority, the financial markets authority.