COPENHAGEN, Denmark, Jan. 12, 2006 (PRIMEZONE) -- The Board of Directors' statement in connection with Nordic Telephone Company ApS' reduction of the minimum condition and extension of the offer period for the public tender offer for TDC A/S.
The Board of Directors has taken notice that Nordic Telephone Company ApS has reduced the minimum condition applicable to the public tender offer so that it is a condition to the tender offer that at the end of the extended offer period, NTC owns or has received valid acceptances of the tender offer in respect of an aggregate of at least 85% of the share capital and votes and in addition has extended the offer period of the public tender offer for TDC A/S to 20 January 2006 (06.01 Central European Time, 00.01 New York City Time). The reduction of the minimum condition and the extension of the offer period does not give rise to the Board of Directors to change or amend the Board of Directors' statement to the shareholders regarding the public tender offer (stock exchange announcement no. 25/2005 of December 2, 2005). The Board of Directors' recommendation to the shareholders of TDC A/S to accept Nordic Telephone Company ApS' offer is thus upheld.