Maintel Regulatory News (MAI)

Maintel Holdings Plc

("Maintel", the "Company" or the "Group")

Acquisition

Maintel Holdings Plc, the fast-growing provider of managed communications, is pleased to announce a strategic partnership with Atos and the acquisition of certain UK customer contracts with a total net consideration of £5.1 million (the "Acquisition").

Highlights of the Acquisition:

· Maintel is acquiring a customer base which has been divested in order for Atos to focus on a growth strategy through its partners and large customer accounts.

· Following the Acquisition, Maintel will become a new channel partner of Atos.

· The customer contracts acquired are to be transferred to Maintel and revenue will be billed by Maintel, commencing 1 July 2018.

· The consideration of the Acquisition is payable over a period of 4 and half years with spread payment instalments and will be satisfied using the Company's existing cash resources.

· The Acquisition is expected to be accretive in the first full year of ownership.

For further information please contact:

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014