Telecom Plus Regulatory News (TEP)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

TELECOM PLUS PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

x

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

x

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Deutsche Bank AG

4. Full name of shareholder(s)  (if different from 3.):iv

Deutsche Bank AG, London Branch

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

26/11/2015

6. Date on which issuer notified:

02/12/2015

7. Threshold(s) that is/are crossed orreached: vi, vii

Above 5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0008794710

Below Notifiable Threshold

Below Notifiable Threshold

2,566,424

2,566,424

0

3.20%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Right to Recall

10,998

0.01%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

CFD

1,759,405

Nominal

Delta

2.19%

2.19%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Deutsche Bank AG, London Branch - 5.41%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

Total Swaps Holding - see Appendix.

14. Contact name:

David Baxter

15. Contact telephone number:

0208 955 5000

Type of financialInstrument

Maturity Date

Number of voting rights instrument refers to

CFD

04-Oct-16

28,605

CFD

07-Jul-16

5,080

CFD

31-Aug-16

12,477

CFD

02-Mar-16

333

CFD

04-Apr-16

25

CFD

14-Nov-16

6,799

CFD

14-Mar-16

12,816

CFD

14-Dec-15

74,615

CFD

13-Jan-16

607

CFD

12-Oct-16

16,574

CFD

15-Dec-15

1,309

CFD

18-May-16

125,779

CFD

01-Jul-16

895

CFD

03-Dec-15

22,837

CFD

17-Mar-16

91,000

CFD

20-Jan-16

294,061

CFD

21-Jan-16

1,065,593