TDC Proposes Cancellation of Treasury Shares COPENHAGEN, Denmark, Feb. 3 /PRNewswire-FirstCall/ -- Today, TDC has decided to propose cancellation of treasury shares. Also, it has been decided to abstain from bidding on Cesky Telecom. Based on a careful analysis, TDC has decided to abstain from participation in the bidding process that the Czech government has initiated concerning Cesky Telecom. Further, TDC has decided to propose at the Annual General Meeting on March 17, 2005, that the share capital in TDC A/S be reduced by cancellation of a portion of the company's treasury shares, in total DKK 90,421,815 of nominal value (18,084,363 shares), equal to 8.4 percent of the share capital. The share capital following the reduction will be DKK 991,875,885 (198,375,177 shares). In connection with the reduction, the Articles of Association, section 4.1, will be amended. The shares covered by the proposed reduction stems from the shares purchased from SBC in June 2004. Based on TDC's current holding of own shares, TDC's holding of own shares following the proposed reduction will amount to approximately 1.8 percent of the share capital. The purpose of this shareholding is to hedge TDC's employee share option programmes. For further information please contact TDC Investor Relations at +45 3343 7680. DATASOURCE: TDC A/S CONTACT: TDC Investor Relations, +45-3343-7680 Web site: http://www.tdc.com/

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