Maintel Regulatory News (MAI)

Maintel Holdings Plc

("Maintel" or "the Company")

Acquisition of Datapoint companies significantly broadens Maintel's product offering

Maintel Holdings Plc, the telecoms and data services company, is pleased to announce the acquisition of Datapoint Customer Solutions Limited, Datapoint Global Services Limited and Datapoint Communications Limited, the UK and Irish trading operations of the Datapoint group of companies (the "Datapoint UKI Companies") (the "Acquisition").

Highlights

· Acquisition of the Datapoint UKI Companies for £3.5m in cash.

· Acquisition is expected to be earnings accretive for the first full year of ownership to December 2014.

· The Acquisition is a key component of Maintel's strategy to diversify its revenue base and significantly increase its presence in new markets.

The Datapoint UKI Companies provide consulting and professional services in Unified Communications to a base of approximately 100 customers, with a particularly strong presence in the contact centre sector. Other services include maintenance and equipment sales. Whilst the core business acquired is UK and Ireland based, some customers have subsidiary operations in other countries, whose service is coordinated from the UK and Ireland operations. The total consideration for the Acquisition is £3.5m.

Eddie Buxton, Chief Executive of Maintel, commented:

"It has been our long established goal to acquire a complementary asset to add to our growing base of existing revenues. We have been tracking Datapoint's progress for some time, and this acquisition will materially improve the breadth of our product offering whilst also providing clear momentum for the next phase of Maintel's growth. We anticipate the acquisition delivering clear shareholder value over time. The acquisition is expected to be earnings accretive for its first full year of ownership to December 2014"

Details of the Acquisition

Maintel has paid £1.0m in cash to the Administrator of Point-On Holdings Limited, the parent company of the Datapoint UKI Companies in respect of the Acquisition, and has settled the overdraft of those companies at completion to the sum of £2.5m. This equates to total consideration, excluding any professional fees incurred, of £3.5m. There is no deferred or contingent element to the consideration for the Acquisition.

In conjunction with the Acquisition, the Company has secured a £3.0m term loan, repayable over 3 years and a £1.0m overdraft facility.

The Datapoint UKI Companies were acquired with no cash and no debt. The aggregate unaudited revenue of these companies in the year to 30 June 2013 was £15.8m, although it is envisaged that revenues will be approximately £2.5-3.0m lower in the current financial year due to lower levels of non-recurring business and a degree of attrition.

Oakley Capital Corporate Finance acted as financial advisors to Maintel on this transaction.

Enquiries:

Maintel

Eddie Buxton CEO 020 7401 4601

Angus McCaffery Sales Director 020 7401 4646

Dale Todd Finance Director 020 7401 0562

Oakley Capital Corporate Finance

Chris Godsmark, James Chapman Andrews 0207 766 6900

FinnCap

Charlotte Stranner 020 7220 0500

Notes to Editors:

About Maintel

Maintel operates through three principal subsidiaries: Maintel Europe Limited; Maintel Voice and Data Limited and Maintel Mobile Limited.

Maintel Europe provides maintenance, service and support of office-based voice and data equipment across the UK on a contracted basis. It also supplies and installs voice and data equipment to maintenance customers both to its direct clients and into its partner customers.

Maintel Voice and Data offers a portfolio of network services which includes telephone line rental, inbound and outbound telephone calls, data connectivity, internet access and hosted IP telephony solutions. These services complement the telecommunications services offered by Maintel Europe Limited.

Maintel Mobile derives its revenues primarily from commissions received under its dealer agreements with Vodafone and O2, supplemented by revenue derived from ongoing customer monthly spend.

All Maintel group companies are incorporated in England and Wales and predominantly all of their business is carried out in the UK.