Redemption of Convertible Loan Notes

8 January 2016

Daily Internet plc

("Daily Internet" or the "Company" or the "Group")

Redemption of Convertible Loan Notes

Daily Internet (AIM: DAIP), the managed hosting and cloud integrator, announces that it has repaid £105,000 nominal of the 9% convertible loan notes 2016. Following the redemption, the Company has no further convertible loan notes outstanding.

The redemption has been satisfied from the Company's existing cash resources. The Company's P&L account will also benefit from the removal of the associated annual interest charge.

Chris Evans, Chief Executive commented:

"The redemption leaves the Company largely debt free, save for certain asset finance leases. The balance sheet has undergone a complete transformation in the last 18 months, which has only been possible due to the growth in the top line revenue within our managed hosting division.

We continue to seek out further growth opportunities in the managed services sector in order to grow shareholder value."

About Daily Internet

Daily Internet is a leading cloud integrator. Solutions delivered comprise best of breed technologies, tailored and delivered to ensure customers benefit from the vast array of solutions and ever advancing hosting technologies. The Daily Group team keeps customers at the forefront of technology, enabling them to free up resources so they can focus on growing their core business without the distractions or complexity of the ever-changing hosting landscape.

The Group has offices in Liverpool, Nottingham and Coventry.

For more information, visit http://www.dailyplc.com