19 December 2007

                            TEP Exchange Group plc                             

                           ("TEP" or "The Company")                            

                              Holdings in Company                              

The Company announces it has been notified that Surrenda-link Limited
(Surrenda-link) has sold 16,000,000 Ordinary Shares ("the Transaction") in the
Company (equivalent to 4 per cent of its ordinary share capital) to Close
Horizons Limited ("Close Horizons"). Under the Takeover Code, Surrenda-link and
Close Horizons, which ultimately have identical shareholders, are deemed to be
a Concert Party. The number of Ordinary Shares held by the members of the
Concert Party before and after the Transaction, together with their respective
percentages of the issued share capital of the Company are set-out in the table
below:

                                                         Number of   Percentage
                                                          Ordinary             
                                                            Shares             
                                                                               
Before the transaction                                                         
                                                                               
Shareholder:                                                                   
                                                                               
Surrenda-link                                          209,032,798        52.26
                                                                               
Close Horizons                                           8,833,333         2.21
                                                                               
                                                       217,866,131        54.47
                                                                               
After the transaction                                                          
                                                                               
Shareholder:                                                                   
                                                                               
Surrenda-link                                          193,032,798        48.26
                                                                               
Close Horizons                                          24,833,333         6.21
                                                                               
                                                       217,866,131        54.47

For further information please contact:

TEP Exchange Group plc                                            01244 319 520
                                                                               
Paul Sands                                                        020 7628 2200
                                                                               
John East & Partners Limited                                                   
                                                                               
John East / Simon Clements                                                     



END



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