TeleCity : TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Telecity Group P.L.C.

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Abrams Capital Management, L.P.

4. Full name of shareholder(s)

(if different from 3.): iv

Abrams Capital Partners I, L.P.

Abrams Capital Partner II, L P.

Great Hollow International. L.P.

Whitecrest Partners. L.P.

5. Date of the transaction and date on which the threshold is crossed or reached: v

29 July 2014

6. Date on which issuer notified:

30 July 2014

7. Threshold(s) that is/are crossed or

reached: vi, vii

From above 3% to above 5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB800B282YM11

6,758,810

6,758,810

10,237,961

10,237,961

N/A

5.048%

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion
Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date xvii

Exercise/
Conversion
period xviii

Number of voting
rights instrument
refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

10,237,961

5.048%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Each of the below entities is a fund managed by Abrams Capital Management L.P., a U.S investment manager.

The shareholding of:

Abrams Capital Partners I,L.P.           548,185 shares, 0.270% voting rights

Abrams Capital Partners II.L.P.          8,234,343 shares, 4.060% voting rights

Great Hollow International, L.P.          548,079 shares, 0.270% voting rights

Whitecrest Partners, L.P.                   907,354 shares, 0.447% voting rights

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Kenneth Largess

15. Contact telephone number:

+1 617 646 6106