Completion of FibreNation Sale

RNS Announcement

For Immediate Release

27 March 2020

TalkTalk Telecom Group PLC ('Company')

Completion of FibreNation Sale

Further to the Company's announcements on 21 January 2020, 21 February 2020 and 9 March 2020, we are pleased to confirm that the sale of our Fibre Assets has completed today on the same material terms as previously announced.

Tristia Harrison, CEO of TalkTalk said: "Now more than ever, reliable and affordable connectivity should be available to every single home in Britain, and this agreement shows that a full fibre future can be delivered through competition and investment by many players. CityFibre's ambitions to take forward our hard work with FibreNation over the last five years, should take us a step closer to that fully connected Britain.

The sale of FibreNation to CityFibre, in combination with a competitive wholesale agreement, enables us to continue our strategy to accelerate TalkTalk's fibre growth for our residential and business customers, thereby delivering a superior customer experience at an affordable price."

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