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.”) hereby informs that on 13 May 2009, as part of the Euro Medium Term Note (EMTN) Programme (“the Programme”) established on 6 May 2009, TPSA Eurofinance France S.A. established conditions for the issue of debt notes totalling EUR 500 million par (“the Debt Notes”).
The interest coupon on the Debt Notes will be 6% per annum, with issue price at 99.764 per 100 units of their nominal value, and their redemption date is 22 May 2014. The Debt Notes are subject to an unconditional and irrevocable guarantee granted by TP S.A. on 6 May 2009 for the Debt Notes to be issued by TPSA Eurofinance France S.A. in the Programme.
The objective of the above mentioned issue, as well as the entire Programme, is to secure and optimise upcoming financial requirements of Telekomunikacja Polska Capital Group, in particular taking into account the fact that majority of currently used debt facilities will be maturing in 2010-2011.
The arrangers of the issue of the Debt Notes are Societe Generale Corporate & Investment Banking and Barclays Capital.
TPSA Eurofinance France S.A. is a company duly established under the law of France. Its share capital amounts to €226,750.59 and is divided into 49,401 shares of nominal value of €4.59 each, corresponding to the same number of votes at the Shareholders’ Meeting.
TPSA Finance B.V. holds a 49.995% interest in the share capital of TPSA Eurofinance France S.A., which corresponds to 49.995% of the total voting power. TPSA Eurofinance B.V., a wholly owned subsidiary of TPSA Finance B.V., holds a further 49.995% interest in the share capital of TPSA Eurofinance France S.A., which corresponds to 49.995% of the total voting power. TPSA Finance B.V. and TPSA Eurofinance B.V. hold an aggregate stake of 99.99% in TPSA Eurofinance France S.A., controlling 99.99% of the total number of votes at the Shareholders’ Meeting thereof. TPSA Eurofinance B.V. and TPSA Finance B.V. are subsidiaries of TP S.A.