The parties in the DPTG/TPSA arbitration proceedings have been informed by the Arbitration Tribunal in Vienna that a decision on the award will not be issued before September 2010 due to logistical reasons. GN Store Nord will issue a stock exchange announcement to the market immediately after receiving a decision from the Arbitration Tribunal. Background GN Store Nord continues to be involved in an arbitration case against Telekomunikacja Polska S.A. (TPSA) through its 75% share of DPTG I/S. The dispute concerns determination of traffic volumes carried over the NSL fibre optical telecommunication system in Poland. DPTG is entitled to 14.8% of net profits from NSL during the period 1994-2009. The seat of the Arbitration Tribunal is Vienna, Austria. In April 2009, a final hearing was held in the Arbitration Tribunal, and in August 2009 the parties submitted their final post-hearing briefs addressing phase 1 (1994 to mid-2004). Based on DPTG's interpretation of directions issued by the Arbitration Tribunal for the calculation of traffic on NSL, DPTG has claimed approximately DKK 5.0 billion for phase 1, including accrued interest. Following an award by the Arbitration Tribunal, DPTG will submit further claims based on the same methodology for the remaining contract period from mid-2004 to 2009 (phase 2). TPSA disputes DPTG´s calculations as well as the legal basis of DPTG´s claim. For further information, please contact: Mikkel Danvold Director, IR & Communications GN Store Nord A/S Tel: +45 45 75 02 71
The decision in the DPTG/TPSA arbitration will not be issued by the Arbitration Tribunal before September 2010
| Source: GN Store Nord A/S
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