DOR Doriemus

    For immediate release

                                                               31 January, 2006

                            TEP EXCHANGE GROUP PLC                             

                           ("TEP" or "the Company")                            

                              Directorate Change                               

TEP announces that Paul Sands, currently a non-executive director of TEP, was
appointed managing director of the Company on 27 January 2005.

Mr. Sands has replaced Abraham (Ami) Weitz, who has relinquished his executive
duties to pursue other business interests, but will remain a non-executive
director of the Company. The board would like to thank him for his efforts as
an executive director.

Paul Sands is also chief executive of the holding company of Surrenda-link
Limited, which holds 44.83 per cent. of the TEP share capital and provides the
operational management of the Company, under an outsourcing agreement approved
by shareholders in January 2003 and which has been extended until December
2007.

For enquiries:

TEP Exchange Group plc                                                         
                                                                               
George Kynoch                                                      07860 743425
                                                                               
John East & Partners Limited                                                   
                                                                               
John East/Bidhi Bhoma                                             020 7628 2200



END

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