Cancellation of Shares

Topps Tiles PLC
16 February 2007


                                Topps Tiles plc


                        Cancellation of Deferred Shares



Topps Tiles plc today announced that, in accordance with rights set out in its
Articles, all outstanding C Shares created as part of its Return of Cash (being
subject to the Compulsory Purchase Procedure) will be repurchased on 28 February
2007 following which they will be cancelled. Information relating to the Return
of Cash, the Compulsory Purchase Procedure and its potential tax consequences,
was detailed in the circular to shareholders dated 7 July 2006 (the 'Circular').


Holders of C Shares repurchased under the Compulsory Purchase Procedure will
receive 54 pence per C Share plus the amount of the C Share Continuing Dividend
accrued up to the date of repurchase of approximately 1.1 pence per C Share.
Shareholders should expect to receive cheques for or payment of the sums due to
them on completion of the Compulsory Purchase Procedure on or about 12th March
2007.



Definitions used in the Circular apply to this announcement.


Enquiries:-


Barry Bester - Chairman                 0161 468 2400
Andrew Liggett - Finance Director       0161 468 2400


Ann-Marie Wilkinson/ Antonia Coad
Bell Pottinger Corporate & Financial   020 7861 3232


Megan MacIntyre
KBC Peel Hunt Ltd                      020 7418 8900



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