C Share election results

Topps Tiles PLC
04 August 2006


                                                                   4 August 2006

                                Topps Tiles plc

                                 Return of Cash

                               C Share elections

Further to the announcement made on 1 August 2006, Topps Tiles plc (the
'Company') announces the final results of elections for the Share Alternatives,
and of the C Share Choices made by Shareholders who elected for Alternative 3.

As at 4.30pm on 31 July 2006, Shareholders had elected for Alternatives 1 or 2
in respect of 39,008,884 Existing Ordinary Shares and Alternative 3 in respect
of 137,247,422 Existing Ordinary Shares. As announced on 1 August 2006, the
Shareholders who originally elected for Alternative 1 or Alternative 2 are
entitled to 39,008,884 C Shares in aggregate, and the Shareholders who
originally elected for Alternative 3 are entitled to 37,000,000 B Shares and
100,247,422 C Shares in aggregate. As at 3.00pm today, being the latest time for
receipt of notices of withdrawal in relation to the withdrawal or modification
of elections for the Share Alternatives and C Share Choices, the results of
elections for the Share Alternatives were as follows:

   • valid and deemed elections to receive the Single C Share Dividend under
    Alternative 1 had been received in relation to 89,159,546 Existing Ordinary
    Shares pursuant to Alternative 1;

   • valid elections to retain C Shares, such that they would carry the C
    Share Continuing Dividend and would also be subject to the Compulsory
    Purchase Procedure, had been received in relation to 269,052 Existing
    Ordinary Shares pursuant to Alternative 2; and

   • valid elections to receive a total of 37,000,000 B Shares had been
    received in relation to 137,247,422 Existing Ordinary Shares pursuant to
    Alternative 3, and the following C Share Choices had been made in respect of
    the aggregate of 100,247,422 C Shares to be allotted as a result of the
    scaling back of elections for B Shares:

(a)                elections to sell C Shares to KBC Peel Hunt under the
Purchase Offer had been received in respect of 84,213,625 C Shares;

(b)                elections to receive the Single C Share Dividend had been
received in respect of 15,949,506 C Shares; and

(c)                elections to retain the C Shares, such that they would carry
the C Share Continuing Dividend and would also be subject to the Compulsory
Purchase Procedure, had been received in respect of 84,291 C Shares.

Any B Shares received will automatically be redeemed on the B Share Redemption
Date.

Expected timetable of outstanding principal events:
Single C Share Dividend declared and C Shares in respect of        8 August 2006
which the Single C Share Dividend is payable automatically
convert into Deferred Shares

KBC Peel Hunt makes the Purchase Offer by means of an                8.00am on 8

announcement on the Regulatory News Service of London Stock          August 2006
Exchange

B Shares redeemed                                                 14 August 2006

Cheques issued/CREST accounts credited in respect of the Single   14 August 2006
C Share Dividend, the redemption of the B Shares and fractional
entitlements, together with tax vouchers

Cheques issued/CREST accounts credited in respect of the          14 August 2006
purchase of C Shares by KBC Peel Hunt

CREST accounts credited in respect of C Shares retained           14 August 2006

Despatch of New Ordinary Share certificates and retained C Share  14 August 2006
certificates

References to times in this announcement are to London time.

Definitions used in the circular to shareholders dated 7 July 2006 apply to this
announcement.



Enquiries:

Barry Bester - Chairman                         01625 446 700
Nicholas Ounstead - CEO                         01625 446 700

Sarah Landgrebe
Bell Pottinger Corporate & Financial            020 7861 3232

Megan MacIntyre
KBC Peel Hunt Ltd 020 7418 8900



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