The Peoples Operator Regulatory News (TPOP)

The People's Operator plc

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

Posting of Circular & Notice of General Meeting

Further to the announcement of 9 March 2017 (the "Announcement"), The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, will today post a circular to all shareholders to convene a general meeting of the Company to be held on 3 April 2017 at 11.00 a.m. at the office of Olswang LLP, 90 High Holborn, London WC1V 6XX (the "General Meeting").

As outlined in the Announcement, the Company proposes to raise gross proceeds of approximately £1.58 million through a conditional subscription for 19,736,843 new ordinary shares of £0.0005 each ("Ordinary Shares") (the "Subscription Shares") at a price of 8 pence per Ordinary Share (the "Subscription") and a proposed issue of 9,868,422 warrants over Ordinary Shares (the "Warrants") (the Subscription and the issue of the Warrants together, the "Fundraising").

General Meeting

The Directors do not currently have authority to carry out the Fundraising or to allot the new Ordinary Shares arising from the Subscription or the issue of Warrants. Accordingly, the Board is seeking the approval of shareholders at the General Meeting to effect the Fundraising, allot and issue the new Ordinary Shares arising in connection with the Fundraising and to disapply statutory preemption rights.

Set out in the Circular is a notice convening the General Meeting, at which resolutions will be proposed for the purposes of implementing the Fundraising (the "Resolutions").

The Fundraising remains conditional upon shareholder approval of the Resolutions at the General Meeting.

Irrevocable undertakings

Irrevocable undertakings have been received from certain shareholders and Directors of the Company holding between them 60,983,382 Ordinary Shares, representing approximately 50 per cent. of the issued Ordinary Shares, to vote in favour of the Resolutions at the General Meeting.

Admission

Application will be made for the Subscription Shares to be admitted to trading on AIM. Subject to the Resolutions having been duly passed and it is anticipated that admission of the Subscription Shares will occur at 8.00 a.m. on or around 4 April 2017. The Subscription Shares will be credited as fully paid and rank pari passu with the existing Ordinary Shares.

For further information

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.