Price Movement

13 Jun 2008 15:28

Spiritel plc

("Spiritel" or "the Company")

Price Movement

The Board has noticed the recent increase in the Company's share price. The Company has signed Heads of Agreement with the vendors of a private company and is in the early stages of conducting due diligence.

The Board stressed that discussions are at an early stage and there is no guarantee that the acquisition will proceed.

For further information please contact:

Spiritel plc

Alastair Mills, Chief Executive Officer Tel: + 44 (0) 20 7160 0100

Daniel Stewart & Company plc

Lindsay Mair/Simon Leathers Tel: + 44 (0) 20 7776 6550