Directorate Change

15th May 2012

Fairpoint Group plc

Directorate change

Fairpoint Group plc ("the Company") announces the resignation of Derek Oakley, from the position of Insolvency Director. Mr Oakley has decided to step down from the Company board with immediate effect and will leave the business in November 2012 to pursue other interests.

The board would like to thank Derek for his significant contribution to the business over the last seven years and wish him well for the future.

Enquiries:

Fairpoint Group Plc

Chris Moat, Chief Executive Officer 0844 826 1209

John Gittins, Finance Director

Shore Capital (Nominated advisor and broker)

Pascal Keane 0207 408 4050

Edward Mansfield

FTI Consulting

Paul Marriott 0207 269 7243

Laura Pope