DOR Doriemus

 
TIDMTEX 
 
1 June 2012 
 
                            TEP Exchange Group PLC 
 
                           ("TEP" or "the Company") 
 
        Extension of termination notice period under licence agreement 
 
Further to the announcement made on 2 April 2012, the Company announces that it 
has agreed with SL Investment Management Limited ("SL") to extend the 
termination notice period by a further 60 days to allow SL to further assess 
the benefits of the Licence Agreement. The agreement can now be terminated on 
30 August 2012 by SL giving 30 days' prior written notice to the Company. 
 
The amendment to the Licence Agreement is a related party transaction in 
accordance with AIM Rule 13. The Independent Directors, being George Kynoch, 
Moses Kraus and Abraham Weitz, consider, having consulted with the Company's 
nominated adviser, Merchant Securities Limited, that the terms of the 
transactions are fair and reasonable insofar as its shareholders are concerned. 
 
A further announcement will be made in due course. 
 
For further information please contact: 
 
TEP Exchange Group plc 
 
David Roxburgh                                                00 353 1 260 7746 
 
Merchant Securities Limited 
 
John East/Simon Clements                                          020 7628 2200 
 
7 
 
 
 
END 
 

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