Announcement

TDC : New senior secured financing - supplemental disclosure

New senior secured financing - supplemental disclosure

Reference is made to the Announcement by TDC A/S of 30 May 2018 regarding "TDC A/S enters into new senior secured financing".

The Board of Directors of TDC A/S has today declared an interim dividend of DKK 10,790,060,370.49 for immediate payment to the sole shareholder of TDC A/S, DK Telekommunikation ApS. Payment of the interim dividend is financed by an additional Term Loan B (TLB) drawing under TDC A/S' new senior secured financing (the "New TDC Financing").

Following the successful consent solicitations with respect to TDC A/S' EUR 500m EMTN notes due 2022 and GBP 425m EMTN notes due 2023, the additional TLB backstop facility of EUR 1,008m under the New TDC Financing has been cancelled.

TDC A/S' additional EUR 800m EMTN notes due 2027 (the "2027 Notes") is expected to be refinanced on 2 July 2018 by a drawing under the TLB under the New TDC Financing. This refinancing will comprise approximately 96.4% of the aggregate principal amount of the 2027 Notes which are held by noteholders that have exercised their change of control put option in accordance with the terms and conditions of the 2027 Notes. Furthermore, subject to and in accordance with the terms and conditions of the 2027 Notes, TDC A/S expects to subsequently exercise its right to redeem the remaining 2027 Notes at par.

For inquiries regarding the above please contact TDC Investor Relations, on +45 6663 7680 or investorrelations@tdc.dk.

This notification was made by Dennis Callesen, Investor Relations Manager at TDC A/S.

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