Trading Update

Telecom Plus PLC
17 September 2003

                        Telecom plus plc (the 'Company')


The Company is pleased to report that following the strong organic growth in
customer numbers reported at the AGM on 8  July for the first three months of
the year, the Company's profitability has been substantially ahead of budget for
the  period ending 31 August. The Board now believe that the financial
performance for the year ending 31 March 2004 will be  significantly ahead of
current market expectations.

After the announcement of our figures for the 1st half of the current financial
year which are expected on 28 November,  it is the directors intention to pay an
interim dividend of 4.5p (2003: 2.5p), an increase of 80% compared with the 
same period last year.


17 September 2003


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