CHW.L Regulatory News (CHW)

23 March 2010

Chime Communications plc

("Chime" or "the Company")

Maturity of the Chime Co-Investment Plan 2006, Director's sale of ordinary shares of 25 pence in the Company "Shares" and purchase of Shares by the Chime Communications plc Employee Trust ("the Trust")

The Board of Chime announces that following the completion of the performance period under the Chime Communications plc Co-Investment Plan 2006 ("the Plan") the Remuneration Committee made awards of matching Shares to participants on 19 March 2010 at 74.77% of the maximum permitted under the Plan.

The Remuneration Committee used its discretion to allow participants to elect to vest their matching Shares at the earlier date of the 19th March 2010 rather than the original vesting date of 10 September 2010. Shares released at the earlier date will be restricted from sale until the original vesting date in September.

Lord Bell (Chairman) and Christopher Satterthwaite (Chief Executive) elected to vest at the original date and will receive awards of 312,863 and 336,016 matching Shares respectively in September.

Piers Pottinger (Deputy Chairman) and Mark Smith (Finance Director) elected to vest their matching Shares in the Plan at the earlier date and received 344,334 and 244,049 matching Shares respectively. They subsequently sold other Shares to the Trust in order to meet tax liabilities arising on the vesting.

In addition, Christopher Satterthwaite exercised 100,000 options over Shares held in the Trust and sold them to the Trust.

Piers Pottinger

Piers Pottinger sold 141,177 Shares to the Trust from his existing holding of 305,466 Shares. As a result of the vesting of the matching shares under the Plan and as a result of the sale, Piers Pottinger now holds 508,623 Shares (0.69% of the issued share capital of the Company).

Mark Smith

Mark Smith sold 91,423 Shares to the Trust from his existing holding of 93,534 Shares. In addition Mark Smith received, and subsequently sold to the Trust, a further 14,640 Shares granted to him under the matured Chime Communications plc Deferred Share Plan. As a result of the vesting of the award shares under the Plan and as a result of the sale of Shares Mark Smith now holds 246,169 Shares (0.33% of the issued share capital of the Company).

Christopher Satterthwaite

Christopher Satterthwaite exercised and subsequently sold 100,000 options granted to him under the Chime Executive Share Option Scheme. In addition Christopher Satterthwaite received and subsequently sold a further 24,400 Shares granted to him under the matured Chime Communications plc Deferred Share Plan. As a result of the sale of Shares, his current holding of 94,051 remains unchanged.

The Trust

In addition to the purchases notified above, the Trust purchased a further 8,000 Shares to meet future obligations under the Company's share-based incentive schemes. The total holding of Shares by the Trust as a result of the purchase of Shares notified above is 1,290,040 (1.77% of the issued share capital of the Company).

All of the sales and subsequent purchases notified under this disclosure were at the mid-market price quoted on Friday 19th March of 189 pence per Share.

The Chime Shares referred to above are Chime's ordinary shares of 25p each and the total number of shares in issue is 73,362,935 with each ordinary share carrying the right to vote.

As a result of these transactions and the issue of Shares under the Plan all four executive directors will have increased their shareholdings in the Company.

Enquires:

Robert Davison, Company Secretary

Tom Tolliss, Deputy Secretary Tel: 020 7861 8515

Chime Communications plc