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2015-03-24

GlobalConnect A/S: Arbitration ruled against GlobalConnect A/S

As stated in the accounts for GlobalConnect A/S, Skyline - a subsidiary of
ELRO Energi Gruppen - in bankruptcy has raised claims to repayment of DKK
34.6 million regarding a sale of fibres on IRU terms.

Despite the fundamental character of the case, the Danish Institute of
Arbitration has decided to issue a ruling against GlobalConnect A/S.
GlobalConnect A/S, because of the fundamental character of the case for the
telecommunication industry, considers taking actions to get the case
rejected.

The Danish Institute of Arbitration's ruling affects GlobalConnect A/S's 2014
accounting negatively with DKK 20.6 million before tax.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GlobalConnect A/S via Globenewswire

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