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11/2012 Final settlement with DPTG - Orange Polska

LSE – Current Report (11/2012)
Telekomunikacja Polska S.A., (TPSA) – Warsaw, Poland
19 January 2012

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 a final completion of dispute between Telekomunikacja Polska S.A. and Danish Polish Telecommunications Group (“DPTG”).

January 19, 2012: pursuant to the Settlement Agreement described in Current Report No 5/2012, after obtaining from DPTG confirmed information about a withdrawal of all motions in the pending proceedings, including the arbitration proceedings and the enforcement proceedings regarding the partial award of the Arbitral Tribunal in Vienna (Austria), both in Poland and abroad, TP S.A. has authorised the bank to release from the escrow account and transfer to DPTG the second payment of EUR 275 mn due under the Settlement Agreement dated January 12, 2012. As a result of the transfer to DPTG of the settlement amount the full and final waiver of claims against TP S.A. by DPTG and other parties to the Settlement Agreement, has become effective.

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