Strong earnings and cash-flow performance despite difficult macroeconomic environment

•	Group revenue increased by 0.5% to DKK 26,846m compared with 1Q-3Q 2008:

•	Revenue in Nordic Business declined DKK 839m or 4.1% due to a negative impact
from the macro-economic environment, lower domestic landline voice revenue,
lower international mobile roaming and mobile termination revenue caused by
price reductions as a result of EU and national regulation, divestment and
outsourcing of business activities as well as a negative currency impact. This
was partly offset by the net effect of the acquisitions of Fullrate and A+.
Excluding the impacts from divestments, acquisitions, outsourcing and currency,
revenue in the Nordic Business declined by approximately DKK 427m or 2% 

•	Revenue in Sunrise showed strong growth of DKK 963m or 15.1% due to a
favorable currency impact and the acquisition of Tele2 in November 2008, which
was counteracted by the divestment of SBC in July 2008. Adjusted for these
impacts, revenue in Sunrise still rose by approximately DKK 232m or 4% 

•	Gross profit increased by 2.1%. Nordic Business's gross profit only declined
by 0.9% despite the revenue decline. Gross profit in Sunrise increased by 13.2% 

•	Despite the challenging macroeconomic environment, Income before
depreciation, amortization and spe-cial items (EBITDA) rose by 7.3% to DKK
9,726m: 

•	5.0% growth in Nordic Business's EBITDA resulted from necessary cost
reductions 

•	19.3% growth in Sunrise's EBITDA related to the acquisition of Tele2, a
favorable currency impact and organic growth in the residential mobile business 

•	EBITDA margin improved from 33.9% to 36.2%

•	Net income from continuing operations, excluding special items, decreased by
DKK 256m or 7.3% to DKK 3,250m as a result of lower income from joint ventures
and associates and a negative impact from fair value adjustments, counteracted
by higher EBITDA 

•	Net income increased by DKK 493m to DKK 2,500m, reflecting lower expenses
related to special items and higher EBITDA, counteracted by lower income from
joint ventures and associates and a negative im-pact from fair value
adjustments 

•	Strong cash flow from operating activities, up by 37.5% or DKK 2,190m

•	Net interest-bearing debt was DKK 28.6bn compared with DKK 40.5bn at the end
of 3Q 2008 

•	The Outlook for 2009 remains unchanged: Revenue and net income from
continuing operations excluding special items are expected to be level with
2008 


•	Customer base growth of  7.4%

•	TDC Home Trio and Duo, launched in January 2009, had attracted nearly 150,000
customers by the end of 3Q 2009 

•	To enhance its position as a leading provider of easily accessible TV
packages for both new and existing TV sets, and provide all YouSee customers
with free access to digital TV, YouSee removed its digital en-cryption before
the Danish terrestrial analogue TV network was shut down on November 1, 2009 

•	TDC has completed the first half of the divestment of its 64.6% shareholding
in Invitel. The divestment of the remaining shares is expected to be completed
in 4Q 2009. 

For inquiries regarding the report please contact TDC Investor Relations at +45
6663 7680 or investorrelations@tdc.dk. 

TDC A/S
Teglholmsgade 1
0900 Copenhagen C
tdc.com