Cityfibre Regulatory News (CITY)

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')

Contract win

CityFibre signs new partner agreement across Reading and Bracknell networks

CityFibre (AIM: CITY) today announces it has signed a contract with Between the Lines Communication ('BtL'), a Berkshire-based provider of integrated ICT solutions to the Enterprise and SME segments. The five-year, £3.1m agreement commits BtL to a minimum of 250 customer connections across the Reading and Bracknell networks acquired by CityFibre on 18 January 2016.

The agreement marks the seventh contract signed on the acquired assets in under five months. CityFibre has now signed agreements to bring seven of the 21 acquired city markets into commercialisation, in line with its stated strategy at the time of the acquisition. The additional contracts signed to date cover 1,200 customer connections and £18.8m in initial contract value.

Contracted revenue coverage of incremental capex associated with the new business in Reading and Bracknell is at the upper end of the Company's guidance range. Specific market launch timings for Reading and Bracknell will be released in due course.

Greg Mesch, Chief Executive of CityFibre, commented:

"We're very pleased to welcome BtL as our 48th service provider partner in opening up a further two cities on our acquired footprint. We continue to make good progress in the commercialisation of our expanded asset base. To put this in perspective, the 1,200 connections sold on the acquired assets in the first five months since deal completion are equal to our entire installed customer base at the end of 2015, and the contract value of nearly £19m added equates to 81% of all the new business we wrote in 2015. This demonstrates the ongoing strong demand for alternative wholesale fibre infrastructure in cities outside of London, where we are the sole alternative to Openreach."

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About CityFibre:

CityFibre is the national builder of Gigabit Cities, as the UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 37 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.

The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre's networks address 26,000 public sites, 7,400 mobile masts, 260,000 businesses and 3.7 million homes.

CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). Further information on the company can be found at www.cityfibre.com