Zegona Com Regulatory News (ZEG)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR AUSTRALIA.

15 March 2017

Zegona Communications plc

POSSIBLE TRANSACTION

The Board of Zegona Communications plc ("Zegona") confirms that it is in talks with Euskaltel, S.A. the Spanish telecommunications company, ("Euskaltel") concerning a possible transaction to acquire its Spanish business, Telecable de Asturias, S.A. ("Telecable"). At this stage there can be no certainty that these discussions will lead to a transaction being concluded.

A further announcement will be made in due course.

This announcement contains inside information.

For further information, please contact:

Enquiries

Tavistock (Public Relations adviser)

Tel: +44 (0)20 7920 3150

Jos Simson - jos.simson@tavistock.co.uk

Lulu Bridges - lulu.bridges@tavistock.co.uk

Mike Bartlett - mike.bartlett@tavistock.co.uk

This announcement, and the information contained therein, is not for viewing, release, distribution or publication, directly or indirectly, in or into the United States, Canada, Australia, the Republic of South Africa, Japan, or any other jurisdiction where applicable laws prohibit its release, distribution or publication, and will not be made available to any national, resident or citizen of the United States, Canada, Australia, the Republic of South Africa, or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this document comes must inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the federal securities law of the United States and the laws of other jurisdictions.

Eamonn O'Hare

Chairman and CEO

Zegona Communications plc

20 Buckingham Street

London

WC2N 6EF