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 about reaching an agreement upon the terms of the issue of debt notes of the total nominal value of €200,000,000 (“the Debt Notes”).
Following the issue by TPSA Eurofinance France S.A. on 22 May 2009 of debt notes totalling €500,000,000 par in the Euro Medium Term Note (EMTN) Programme, that was launched on 6 May 2009, on 8 July 2009 TP S.A. increased the amount of the issue by €200,000,000, that is to €700,000,000.
Under the Dealer Agreement of 6 May 2009, the Debt Note issue arrangers and initial subscribers are Societe Generale Corporates & Investment Banking and Barclays Capital.
The Debt Notes will bear an interest of 6.00% of the nominal value per annum, the redemption date being 22 May 2014. The Debt Notes are covered by an irrevocable and unconditional guarantee granted by TP S.A. on 6 May 2009 for the Debt Notes issued by TPSA Eurofinance France S.A. in the Programme.
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.