Result of AGM

3 November 2011

TEP Exchange Group PLC

("TEP" or "the Company")

Result of AGM

The Company announces that at its annual general meeting, held earlier today, all resolutions were duly passed, which included the resolution to effect a capital reorganisation on the following basis;

(i) each of the issued deferred shares of 0.99p in the capital of the Company will be sub-divided into 990 new deferred shares of 0.001p ("New Deferred Shares") each: and

(ii) each of the existing ordinary shares of 0.01p will be subdivided and re-designated into one new ordinary share of 0.001p each ("New Ordinary Shares") and nine New Deferred Shares.

Following the capital reorganisation and the subscription as announced on 3 October 2011, the Company will have 849,999,999 New Ordinary Shares of 0.001p each in issue.

Trading in the New Ordinary Shares is expected to commence on 4 November 2011.

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