Renewal of Banking Facilities

AdEPT Telecom, a leading independent provider of award-winning telecommunications services for landline calls, line rental and broadband, is pleased to announce that it has signed a committed £12.25 million 3 year credit agreement and renewed its existing £2 million overdraft facility with Barclays Bank Plc (“Barclays”).

The new facilities are expected to result in an increase to the interest charge of approximately £100,000 in the financial year ending 31 March 2010 and contains covenants appropriate for the future development of the Company.

As part of the agreement, AdEPT telecom has issued warrants over 5% of its fully diluted ordinary share capital to Barclays. These have an exercise price of 10.69p, and are exercisable until January 2019.