Cityfibre Regulatory News (CITY)

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

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

Trading update

CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to provide a trading update for the six months to 30 June 2016.

The Group continued to see strong demand for its national fibre infrastructure in the first half, booking record levels of new orders.

Initial contract value added in the first six months totaled £53.8m, more than double the amount added in all of 2015 (£23.2m), and over six times the level added in H1 2015 (£8.1m).

New contracts signed in the period comprise 3,702 new customer connections, more than three times the total amount sold in all of 2015 (1,110), and over eight times the level added in H1 2015 (458).

Of the new connections sold, new anchor contracts represented 55%, and incremental business comprised 45%. Excluding the legacy KCOM customer connections in the acquired footprint, 93% of new connections sold in the period were incremental sales on existing assets.

The Company ended the first half with 49 service provider relationships, up from 33 one year ago and 41 at the end of 2015. Notable additions in the period were new trading relationships with Level 3 and SSE Enterprise Telecoms, who join CityFibre's growing ranks of national partners, including KCOM, Vodafone, MBNL, Three UK, Capita, Serco, Interoute, and Logicalis.

The Group's medium term target of a 50 city footprint is fully funded by the £80m equity placing and debt facilities of up to £165m closed in January.

Financial performance of the Group in the first half is in line with expectations for the full year.

The Company will announce financial results for the six months to 30 June 2016 on Monday 26 September 2016.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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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