HTCC Updates Strategy

COPENHAGEN -- Today, TDC announces that its 64.6% controlled subsidiary Hungarian Telephone and Cable Corp. (“HTCC”), which is listed on the American Stock Exchange (AMEX: HTC), has determined that, at this time, in light of the current period of uncertainty in financial and economic conditions, HTCC will continue to pursue its strategy as a publicly-traded company while continuing to consider initiatives to enhance shareholder value. TDC expects that it will continue to evaluate regularly its investment in HTCC and, depending on the results of such future review, it may decide to alter its strategy in respect of its investment in HTCC, and accordingly may increase or reduce its interest in HTCC.

TDC A/S (Copenhagen: TDC)

Hungarian Telephone and Cable Corp. (Amex: HTC)