TDC Offer Shares to Employees

TDC Offer Shares to Employees 


COPENHAGEN, Denmark, Nov. 4  /PRNewswire-FirstCall/ -- TDC has decided to offer
shares in TDC A/S to employees in the TDC Group.

Approximately 16,500 employees will each be offered to purchase up to 90 shares
at a price of DKK 100 per share. The shares will be held in custody for five
calendar years.  Shares will be offered to employees in Danish companies of the
TDC Group, where TDC owns 50% or more. Employees wishing to purchase shares can
do so, up until December 2, 2003.

The shares to be used for this transaction will be bought by TDC in the market
and the associated expense will be recorded against shareholder equity.

"The employee share ownership program is intended to motivate the employees and
increase their long-term interest in the performance of TDC in the stock market.
A major adjustment of TDC is being carried out and we want to send a clear
signal to the employees, that they are the key to successful future value
creation of the company," says Henning Dyremose, President and CEO of TDC.

TDC intend to present a similar plan for employees in TDC controlled
subsidiaries outside Denmark.

For further information please contact TDC Investor Relations at [phone].


Web Sites:  http://www.tdc.com 

DATASOURCE: TDC A/S



CONTACT: TDC Investor Relations at [phone]

Copyright