X0202 4 2004-09-21 0 0000889949 HUNGARIAN TELEPHONE & CABLE CORP HTC 0000920602 TDC A/S NOERREGADE 21 0900 COPENHAGEN C DENMARK G7 8000 DENMARK 0 0 1 0 Common Stock 2004-09-21 2004-09-24 4 X 0 241800 5.04 A 5248846 D Common Stock 2004-09-21 2004-09-24 4 X 0 1141744 5.04 A 5248846 D Series A Convertible Preferred Stock 2004-09-21 4 X 0 18000 55.44 A 2004-09-21 Common Stock 180000 18000 D Option (to buy) 5.04 2004-09-21 4 X 0 0 A 2004-09-21 2004-11-02 Common Stock 241800 0 D Option (to buy) 5.04 2004-09-21 4 X 0 0 A 2004-09-21 2004-11-02 Common Stock 1141744 0 D Option (to buy) 55.44 2004-09-21 4 X 0 0 A 2004-09-21 2004-11-02 Series A Convertible Preferred Stock 18000 0 D Holders of Series A Convertible Preferred Stock have the right, at any time, to convert any such shares into ten shares of common stock of Hungarian Telephone & Cable Corp. ("HTCC") On September 21, 2004, TDC A/S exercised an option to purchase 241,800 shares of Common Stock of HTCC from Asset Holder PCC No. 2 Limited re: Ashmore Emerging Market Portfolio ("AEEP") for an aggregate price of U.S.$1,218,672.00 (the "AEEP Option"). The exercise price of the option was $5.04 per share. TDC A/S exercised an option to purchase 1,141,744 shares of Common Stock of HTCC from EMDCD Limited ("EMDCD") for an aggregate price of U.S.$1,141,749.04 (the "EMDCD Option"). The exercise price of the option was $5.04 per share. TDC A/S exercised an option to purchase 18,000 shares of Series A Convertible Preferred Stock of HTCC from Ashmore Global Special Situations Fund ("GSSF") for an aggregate price of U.S.$997,920.00 (the "GSSF Option"). The exercise price of the option was $55.44 per share. /s/ Torben V. Holm 2004-09-22