TLD Teesland

    TDC to sell TDC Directories for DKK 4.85bn


TDC A/S  ("TDC") announced  today  that it  has signed  a  definitive
agreement to sell  its fully  owned subsidiary TDC  Forlag A/S  ("TDC
Directories" or the "Company") to European Directories S.A. ("EDSA"),
a consortium led by Macquarie Capital Alliance Group and the  holding
company of European  Directories (formerly known  as the YBR  Group),
for a  total consideration  of DKK  4.85bn on  a cash  and debt  free
basis. The  cash proceeds  will amount  to approximately  DKK  5.0bn,
including the receipt of cash existing in the Company. The  agreement
is only  subject to  statutory  merger control  clearance,  including
clearance from Swedish  and Austrian  competition authorities,  which
are expected before the end of 2005.

The sale successfully concludes a review of strategic options for TDC
Directories launched by TDC  on June 17, 2005.  TDC Directories is  a
leading publisher of telephone directories in the Nordic Region  with
core operations in Denmark and Sweden, together with a niche presence
in Finland. TDC Directories key  activities include print and  online
directories and data sales.

Commenting on the transaction, Henning Dyremose, President and CEO of
TDC said:  "We  are delighted  to  announce this  transaction  as  it
represents a highly successful conclusion of our strategic review and
shows  TDC's  continued   commitment  to  creating   value  for   its
shareholders. We believe that as a part of European Directories,  one
of  the  fastest  growing   directories  companies  in  Europe,   TDC
Directories will further improve its leading positions in Denmark and
Sweden to  the  long term  benefit  of the  Company's  customers  and
employees."

Lex Cohen, CEO  of European  Directories said: "We  are delighted  to
acquire  TDC  Directories.  Together  under  single  ownership,   the
companies of  European  Directories  and TDC  Directories  will  have
significant opportunities  to  share management  expertise  and  best
practice across the enlarged Group.

We understand the  importance of continuing  to work with  TDC as  we
transition the ownership of TDC  Directories. We have acquired  other
businesses in the  European Directories group  from national  telecom
companies and  have  a  strong track  record  of  building  excellent
long-term working relationships. "

Goldman Sachs  has acted  as lead  financial adviser  to TDC.  Danske
Markets, Corporate Finance, has acted as co-financial adviser and has
provided a  fairness opinion  to TDC's  Board of  Directors that  the
agreed consideration is fair from a financial point of view.

For further information please contact TDC Investor Relations at  +45
3343 7680.

For  further  information  about  TDC  Directories  please  refer  to
www.tdc.com/ about TDC.


TDC A/S
Noerregade 21
0900 Copenhagen C
DK-Denmark
www.tdc.com

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Copyright � Hugin ASA 2005. All rights reserved.

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