NTC Completes TDC Offer

NTC's tender offer for all TDC Shares and TDC ADSs expired in accordance with its terms

January 25, 2006

1 Min Read

COPENHAGEN -- Nordic Telephone Company ApS's ("NTC") tender offer for all TDC Shares (CSE: TDC - News) and TDC ADSs (NYSE: TLD - News; the "Tender Offer") expired in accordance with its terms at 06.01h Central European Time/00.01h New York City time on 20 January 2006. NTC's final count of Tender Offer acceptances confirms that the tendered shares of DKK5 each ("TDC Shares") and the American Depositary Shares, each representing one-half of one TDC Share ("TDC ADSs"), represent 88.2% of TDC's share capital.

Kurt BjÃrklund from NTC commented, "We are very pleased with the result of the offer and the significant support from TDC shareholders. We will now start to work with the management of TDC to implement the strategy. Also, we would like to emphasize that we fully understand and appreciate TDC's importance to Danish society and look forward to working with TDC management and employees to achieve a successful future for TDC, its employees and customers."

NTC will settle and pay for the tendered TDC securities no later than 1 February 2006. The Offer Price was DKK382 per TDC Share and the U.S. dollar equivalent of DKK191 per TDC ADS in cash, without interest. Settlement and payment will be made as described in NTC's offer document dated 2 December 2005 relating to the Tender Offer (the "Offer Document"). Capitalised terms used but not defined in this announcement have the meanings assigned to them in the Offer Document.

TDC A/S (Copenhagen: TDC)

Nordic Telephone Company ApS

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