TDC A/S : Settlement of dispute between DPTG and TPSA — TDC A/S to receive approximately DKK 1 billion

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.

The settlement amount will be paid with EUR 275 million no later than 13 January 2012, and EUR 275 million will be paid into an escrow account and released when the parties have initiated the necessary steps in order to terminate the ongoing legal disputes and enforcement actions.

The effect of the settlement will be recognised in the statement of income under special items related to income from joint ventures and associates in Q1 2012. TDC expects to be able to communicate, how the amount will be utilised, in connection with the announcement of the annual result for 2011.

         TDC A/S
         Teglholmsgade 3
         0900 Copenhagen C
         DK-Denmark
         tdc.com