6/2011 DPTG claim filed for phase two of the dispute
Pursuant to art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organised trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539 with amendments), the Management Board of Telekomunikacja Polska S.A. (“TP S.A”) informs about claim filed by the Danish Polish Telecommunications Group (‘DPTG’) for the period from July 2004 to January 2009 (‘phase two’) of the TP S.A. vs DPTG dispute, as described in the current report 104/2010
DPTG claim for phase two of its dispute with TPSA should not have any impact on TP S.A.’s dividend policy
January 14, 2011: TP S.A. has received information that DPTG has filed a claim in the Arbitration Tribunal in Vienna with regards to phase two of the TP S.A. vs DPTG dispute. The claim filed by DPTG amounts to approximately DKK 2.386mn (apporimately € 320mn) or a PLN equivalent of 1,244mn including interest.
As previously reported (current report 140/2010 and 150/2010), TP S.A. has initiated legal proceedings in Austria, aimed at setting aside of the partial award issued by the Arbitration Tribunal for phase one of the dispute and it will also undertake all necessary legal actions to resist the ascertainment of enforceability of the award in Poland. TP S.A.’s Management has been expecting DPTG claim for phase two of the dispute. It will analyse today’s claim will present its position and argumentation in due time and course.
As mentioned before, the partial award issued for phase one of the dispute and the DPTG claim for phase two of the dispute should have no impact on TP S.A.’s dividend policy and targeted benefits of its medium-term action plan as disclosed on February 23, 2010.