Financial highlights

· Q2 growth in revenue (+6.4%) and gross profit (+4.4%) due to the
acquisition of Get in Q4 2014. The organic revenue decline

(-2.3%) is in line with our full-year guidance

· Opex development of -6.9% in Q2 affected by the inclusion of Get, increased
staffing in call centres and higher spending on

SAC/SRC; continued focus on cost reductions across the organisation with
organic opex savings of 0.9%

· EBITDA up by 2.5% in Q2, but organic EBITDA decreased by 7.7% due to a
challenging development in Denmark

(reported -11.3%)

· Get continued to deliver on plan (EBITDA up 9.0% YoY) and plan for synergy
realisation on track; share based incentive

program launched to provide continued value creation incentive in line
with the acquisition plan

· Continued growth in cable activities: 38% of Q2 EBITDA stemmed from cable,
up by 5 pp vs. Q2 2014

· EFCF of DKK 812m in Q2, down by 25.5% due mainly to different timing of
working capital

· 2015 guidance reaffirmed; interim dividend of DKK 1.00 per share to be paid
out on 12 August 2015


Operational highlights

· The number of customers with a non-acceptable experience decreased by 7
index points vs. Q1 to 67 (2009 = index 100)

· Positive net adds in Consumer’s mobile voice (+13k vs. Q1) for the first
time in several years, driven by a churn reduction of

6 pp vs. Q1; YoY ARPU down by DKK 6 or 5%, driven by migration to lower
price points and cross sales to existing broadband

and TV customers

· Continued YoY ARPU erosion in the Danish B2B market (-18% on mobile voice
and -8% on broadband) following price

pressure across segments

· Loss of 12k YouSee TV customers in Q2 due to leakage of both individual
customers and antenna associations

· New LRAIC prices led to aggressive broadband pricing initiatives from
competitors and negatively affected Consumer’s

broadband customer base (-7k vs. Q1)

· Another strong quarter in the Norwegian B2C market with 4k and 8k new TV
and broadband subscribers vs. Q1, respectively,

as well as a TV ARPU increase of 3% YoY

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

TDC Fact Sheet 2015Q2.xlsx