Pursuant to article 5(1.26) of the Decree of the Minister of Finance of 19 February 2009 on current and periodic information disclosed by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws of 2009 No. 33, item 259), the Management Board of Telekomunikacja Polska S.A. (“TP S.A.” or “the Company”) hereby informs that on 31 July 2009, Standard and Poor’s Rating Services (“S&P”) revised its outlook on TP S.A. to stable from positive. At the same time, the ‘BBB+’ long-term corporate credit rating was affirmed.
According to S&P, the outlook revision reflects adverse regulatory, competitive, and economic pressures that caused unmitigated profitability deterioration in TP S.A.’s first-half 2009 results.