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AdEPT Telecom plc
04 February 2009
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.

Commenting on the announcement, Ian Fishwick, Managing Director of AdEPT Telecom plc said, “This is excellent news and positions us well to execute our business plan. Our strong relationship with Barclays is based upon the highly cash generative nature of our business. Our business model involves minimal capital expenditure and after March 2009 we look forward to reducing our net debt.”

For further information on AdEPT Telecom please visit or contact:

AdEPT Telecom Plc

Roger Wilson, Chairman

Ian Fishwick, Chief Executive

01892 550 243

07786 111 535

Blue Oar Securities Plc

Shane Gallwey / Blaine Tatum / Matt Marchant

020 7448 4400