Strictly Confidential

Flying the fibre flag

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James Enck Corporate Development

15 November, 2011 Bristol

Strictly Confidential

Introducing CityFibre Holdings A new force in UK fibre infrastructure

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Who we are: Founded as acquisition vehicle January 2011, transaction closed April 2011

We are a re-start, not a start-up

Extensive experience of building successful fibre- based telecoms companies

Strong track record of attracting and deploying capital for large infrastructure projects

Why we’re unique:

Holistic approach delivering a well-planned and highly-utilised citywide fibre infrastructure in second tier UK cities – addresses all key market stakeholders

High demand from our anchor tenant partners

Building a new force from a strong existing asset base

Audacious target of 1.0m homes and 50,000 business by end of 2015

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Valuable physical assets What we acquired gives us a head start

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Dark fibre provider:

100+ contracts; over £16m in contracted revenue

261km of duct and 29,000km of fibre in key secondary cities 354 buildings and data centres connected to the network York (pictured) alone has 95km of cable and 103 connected buildings Mission critical dark fibre services for local authority clients: health, education, police, local government etc.

Fibre to the home: Bournemouth – UK’s largest FTTH project. 24,000 homes passed and ready for service by year end. Trial customers live today, commercial launch in Q1 2012. PON architecture - symmetrical 100Mbps and 1Gbps services MOUs in place with other UK cities representing over 1 million homes – currently in discussions over selection of next city

Wholesale platform: Layer 2 – active layer for operating the FTTH network Interconnects in common format to all 3rd party service providers

The single largest FTTH deployment in the UK to date

The leading independent fibre infrastructure provider in secondary

UK cities

Strictly confidential

Our major markets A solid platform for expansion

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Sheffield: 20km of cable, 15km of duct,

112 access points, 23 buildings on net

York: 95km of cable, 91km of duct, 561

access points, >100 buildings on net

Bath: 12km of cable, 8km of duct, 58 access points, 11 buildings on

net

Bournemouth: FTTH 24,000 homes passed

The largest FTTH project in the UK!

Derby: 15km of cable, 11km of duct, 64 access points, 10 buildings on

net

Newcastle: 11km of cable, 10km of duct, 68

access points, 7 buildings on net

Weston Super Mare: 10km of cable, 10km of

duct, 76 access points, 7 buildings on net

Dundee: 29km of cable, 29km of duct, 99 access points, 18 buildings on

net

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Our vision of the well-connected community Filling the infrastructure void in second-tier cities

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One citywide fibre network:

A well planned fibre network that blends metro network design with FTTP to ensure an efficient and highly utilised network. Capable of passive (dark fibre) and active (assured Ethernet) services.

Servicing many segments (typical 2nd tier city):

Local Government: Enterprise: Carrier: SME: Consumer:

200 buildings; councils, NHS, education, police, etc. Data centres, financial services, etc 100+ 3G cell sites – growing with 4G and Wi-Fi 5,000+ businesses 100,000 homes via service provider partners

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The next step in our plan The train is leaving the station!

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Recently appointed Macquarie Capital as advisor on our capital raise. A globally-recognized specialist in communications infrastructure-related investment banking adds great depth to our ability to fund our £500m investment plan.

Strictly Confidential

Thank you

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