Deferred Shares Cancellation

Topps Tiles PLC
10 January 2007


                                                                 10 January 2007

                                Topps Tiles plc

                      Cancellation of the Deferred Shares


Topps Tiles plc today announced that, in accordance with rights set out in its
articles, all outstanding Deferred Shares (in relation to the Single C Share
Dividend) created as part of its recent Return of Cash have been cancelled.
Information relating to such cancellation, and its potential tax consequences,
was detailed in the circular to shareholders dated 7 July 2006 (the 'Circular').

Definitions used in the Circular apply to this announcement.

Enquiries:

Barry Bester - Chairman                     01625 446 700
Andrew Liggett - Finance Director           01625 446 700

Sarah Landgrebe
Bell Pottinger Corporate & Financial        020 7861 3232

Megan MacIntyre
KBC Peel Hunt Ltd                           020 7418 8900








                      This information is provided by RNS
            The company news service from the London Stock Exchange