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Additional information regarding transaction between TPSA and TP Invest - Orange Polska

Following the recent sale-and-leaseback transaction between TPSA and TP Invest (current report 16/2009) concerning part of the Group’s network infrastructure, the Group would like to precise the following aspects :

  • The transaction and its effects are strictly of a financial nature. They have no impact on discussion between TP and UKE with regards to Equality of Access. Also, by any means they cannot adversely affect any regulatory decisions;
  • The transaction concerns a part of the network infrastructure, not all of it, namely ducting, cable wells and similar network constructions;
  • Within this transaction TPSA leases back this infrastructure under a financial lease scheme which implies that TPSA bears responsibility for those assets, including their maintenance and development;
  • The transaction is neutral for TP Group from a financial perspective and it does not by any means deteriorate the Group’s profit and loss statement nor balance sheet structure;
  • As a result of this transaction TP Group will generate savings in other operating costs within the lease period.

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