Interim Management Statement

Telecom Plus PLC
10 August 2007


                        Telecom plus PLC (the 'Company')


                          Interim Management Statement


In accordance with the UK Listing Authority's Disclosure and Transparency rules,
Telecom plus PLC issues its first interim management statement from 1 April 2007
to the date of this announcement, incorporating financial data for the quarter
to 30 June 2007.

Telecom plus PLC (trading as the Utility Warehouse) supplies a wide range of
essential utility services (gas, electricity, fixed line telephony, mobile
telephony and internet) to both residential and business customers.

Trading during the year to date shows a continuation of the largely positive
trends we described in our Report & Accounts for the year ended 31 March 2007.

While the size of our residential customer base has remained broadly stable
during the quarter, we have seen solid growth in the number of Business Club
customers, which has increased to 6,834 (March: 6,388). We remain encouraged by
the significant potential the Business Club offers the Company.

Importantly, the rate at which new Distributors are joining our business
continues to increase, and we have a number of new initiatives planned for later
this year which will enhance their ability to gather new customers.

The number of services we provide continues to grow, particularly in the supply
of electricity, gas, internet and fixed line rental. The total number of
services supplied by the Company now stands at 545,831 (March: 542,039) with the
average number of services taken by each member of our residential club having
risen to 2.99 (March: 2.95). These figures demonstrate the continuing
effectiveness of our club concept in encouraging customers to subscribe for
multiple services.

At our AGM held on 11 July 2007 we received approval from Shareholders to seek
permission from the Courts to reduce our Share Premium account and to use
surplus cash to repurchase our shares in the market. We anticipate Court
approval will be received next month, pending which (as previously reported) we
have purchased 1,450,000 shares during July at an average cost of 180.7p. Cash
flow during the quarter remained strong with our cash balance increasing by
£8.0m over the period to £33.8m.

We reduced our energy prices on 1 May 2007 and again on 1 July 2007, making us
the only major provider of domestic energy (with the exception of British Gas
who have traditionally been the most expensive supplier) to have reduced
standard direct debit tariffs twice this year, reflecting our commitment to
providing our customers with consistently good value. We anticipate the enhanced
competitive position in which this places us, combined with the other
initiatives referred to above, will result in a resumption of customer growth
during the remainder of the current year, and we remain confident of reporting
satisfactory results for the full year in due course.


For further information, please contact:

Telecom plus PLC
Charles Wigoder / Richard Hateley
Tel: [phone]


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