ÁKK Rt. gives mandate to lead manage a GBP bond issue for the Republic of Hungary

The Government Debt Management Agency Ltd. (ÁKK Rt.) has mandated Barclays Capital, Deutsche Bank AG and Lehman Brothers to lead manage a benchmark size 10-year sterling bond issue for the Republic of Hungary.

The launch and pricing of the bond is expected in late March 2006.

The proceeds - in line with the financing plan - will be used for general funding purposes.

March 7, 2006