SMRT.L Regulatory News (SMRT)

2 May 2013

Coms plc

("Coms" or the "Company")

Acquisition

Coms plc. (AIM: COMS), The company is pleased to announce it has acquired the broadband customers and certain other assets of So Purple Tech Limited trading as "ADSL24". This includes almost 4,000 broadband customers as well as cloud based mail and hosting for a total consideration of £800,000, of which £50,000 is in cash and £750,000 in Coms ordinary shares of 0.1p each at an agreed price of 1.8p per share. At 30 June 2012 So Purple Tech Limited had gross assets of circa £40,000 and the ADSL24 network presently generates a monthly gross margin of approximately £20,000 on revenues of circa £75,000.

As part of the same transaction, it has been agreed to sell £50,000 of Ordinary Shares shares to Gavin Wheeldon (So Purple CEO), also at a price of 1.8p per share. Both Gavin Wheeldon and So Purple Tech Limited have agreed that sales of their shares will be limited to 5 million per Month and no more than 300,000 per day.

Dave Breith (Coms CEO) states "We are delighted that we have finalised this transaction and this will give the Company some further upsell opportunities on our now broader range of services that we offer. We have been negotiating this transaction for some time and negotiations over the past few days have been made particularly challenging with our share price increasing. We are nonetheless delighted at the increasing confidence investors have in the future of our Company".

Application will be made for the admission to trading on AIM of the 44,444,445 Ordinary Shares with admission expected to take place on 10 May 2013The Company's enlarged issued ordinary share capital immediately following the issue of these shares will be 385,115,047 Ordinary Shares, as such ADSL24 hold 41,666,667 ordinary shares representing 10.82 per cent of the Company and Gavin Wheeldon holds 2,777,778 ordinary shares representing 0.72 per cent of the Company, giving a combined holding of 11.54 per cent combined. The Company holds no Ordinary Shares in Treasury at this time. The figure of 385,115,047 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Coms plc

David Breith (CEO) +44 (0) 207 148 3000

Grant Thornton UK LLP (Nominated Adviser)

Colin Aaronson / Jen Clarke +44 (0) 207 383 5100

Simple Investments (Broker)

Andy Thacker / Nick Emerson +44 (0) 1483 413 500

Newgate Threadneedle (PR)

Graham Herring +44 (0) 207 653 9858

Notes to Editors

Coms plc is listed on the London Stock Exchange (AIM market) and is a leading player in the provision of Hosted VoIP Telephony to UK businesses with over 10-years' experience in the telecoms sector. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class Telephony Platform.