Issue of Equity

25 March 2020

Gamma Communications plc

("Gamma Communications plc" or the "Company")

Issue of Equity

Gamma Communications plc ("Gamma"), a leading technology-based provider of communications services to the business markets in the UK and the Netherlands, today announces that it has issued 69,024 new ordinary shares of 0.25 pence each in the capital of the Company.

Consideration Shares

Further to the announcement on 2 March 2020, 69,024 new ordinary shares in Gamma have been issued as consideration to the shareholders of Exactive Holdings Limited ("Exactive"), a unified communications specialist based in Dunfermline, Scotland.

Application has been made to the London Stock Exchange for the admission of 69,024 new ordinary shares to trading on AIM. Admission is expected to take place at 8.00am on 31 March 2020. The Company's total issued share capital following admission will consist of 94,872,661 ordinary shares of 0.25 pence each with one voting right per share. This figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.