TDC Gains From Polish Settlement

COPENHAGEN -- TDC A/S announces that today a settlement agreement has been entered into in the dispute, which since 2001 has been ongoing between Danish Polish Telecommunication Group I/S (DPTG) and Telekomunikacja Polska S.A. (TPSA).

TDC holds a 25% ownership interest in DPTG and GN Great Nordic A/S holds 75%. TPSA is a Polish telecommunications group in which France Telecom has a controlling ownership interest.

The dispute concerns determination of traffic volumes, which during the period February 1994 through January 2009 were transmitted through the fiber optic telecommunication system (NSL) in Poland, and of which DPTG was entitled to receive 14.8% of the net profits until January 2009.

According to the settlement agreement, TPSA pays EUR 550 million equivalent to approximately DKK 4.1 billion as full and final settlement of all claims under the dispute. Of these TDC receives approximately DKK 1.0 billion. After tax the amount is equivalent to approximately DKK 770 million.

TDC A/S (Copenhagen: TDC)