Management Statement

Today, the Board of Directors and the Executive Committee considered and approved the Annual Report of TDC A/S for 2010.

The Annual Report has been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU and additional Danish disclosure requirements for listed companies.

In our opinion, the Annual Report provides a true and fair view of the Group's and the Parent Company's assets, liabilities and financial position at 31 December 2010 as well as their results of operations and cash flows for the financial year 2010. Furthermore, in our opinion, the Management's Review provides a fair review of the developments in the Group's and the Parent Company's activities and financial position, and describes the significant risks and uncertainties that may affect the Group and the Parent Company.

The Annual Report is recommended for approval by the Annual General Meeting.

Copenhagen, 3 February 2011

Executive Committee

Henrik Poulsen
President and Chief Executive Officer
Eva Berneke
Senior Executive Vice President,
Chief HR and Chief Strategy Officer
Niels Breining
Senior Executive Vice President
and Chief Executive Officer,
YouSee A/S
Carsten Dilling
Senior Executive Vice President
and Chief Executive Officer,
Operations & Wholesale
Jesper Theill Eriksen
Senior Executive Vice President
and Chief Executive Officer, Consumer
Martin Lippert
Senior Executive Vice President
and Chief Executive Officer,
TDC Business
Jens Munch-Hansen
Senior Executive Vice President
and Chief Executive Officer, TDC Nordic
Jesper Ovesen
Senior Executive Vice President
and Chief Financial Officer

Board of Directors

Vagn Sørensen
Chairman
Pierre Danon
Vice Chairman
Kurt Björklund
Lawrence Guffey Henrik Kraft Gustavo Schwed
Andrew Sillitoe Søren Thorup Sørensen Lars Rasmussen
Leif Hartmann Steen M. Jacobsen Jan Bardino
Bo Magnussen
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