TDC announces that the company will not appeal the Eastern High Court's judgement of June 13, 2007, in the actions brought by ATP against TDC A/S and Nordic Telephone Company ApS (NTC), and TDC A/S against the Danish Commerce and Companies Agency (DCCA), regarding compulsory redemption of minority shareholdings in TDC A/S. In the judgement the Eastern High Court has stated that the provisions in the Articles of Association regarding compulsory redemption for the benefit of NTC which were adopted at the Extraordinary General Meeting in TDC A/S on February 28, 2006, are invalid and cannot be registered with the DCCA. NTC has informed TDC that NTC will not appeal the Eastern High Court‘s judgement either. Hereby the Eastern High Court's judgement becomes final. The relevant provisions in the Articles of Association no longer apply and cannot serve as the basis for completion of the compulsory redemption which NTC, owing today 87.9 % of the shares in TDC, initiated on March 5, 2006, and suspended on March 9, 2006. For further information please contact TDC Investor Relations on +45 6663 7680. TDC A/S Noerregade 21 0900 Copenhagen C DK-Denmark tdc.com
The Eastern High Court's judgement regarding compulsory redemption of minority shareholdings in TDC A/S is not being appealed
| Source: TDC A/S