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121/2010 Opinion of Supervisory Board - Orange Polska

Pursuant to article 56(1.1) of the Law of 29 July 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, as amended), the Management Board of Telekomunikacja Polska S.A. (“TP S.A.”, “the Company”) hereby informs that on 14 October 2010 the Company’s Supervisory Board issued a positive opinion on conclusion of a loan agreement with a syndicate of banks for the purpose of refinancing of a maturing overdraft facility of 20 February 2006.

The loan will amount to PLN 2 billion, which is PLN 0.5 billion less than the amount of the credit facility to be refinanced.
Like the loan agreement of 20 February 2006, the current agreement will provide revolving financing with a maturity period of not more than five years.

The overdraft credit facility being the subject of TP’s Supervisory Board’s opinion will be used for securing TP Group’s liquidity and financing the Company’s general business objectives.

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