For release: 07.00, 13^th January 2022

Toople PLC

("Toople" or the "Company")

New Contract Win

Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is delighted to announce its second new contract win for 2022 as its business momentum continues to build.

The new contract is for a period of 36 months with a City of London based family office with a network of international advisers.  Toople has deployed cloud based VoIP technology as the family office moves into new premises, which will be supported by cloud based apps for seamless integration across mobile and tablet devices.  Toople has also rolled out desktop infrastructure for the client, as well as cloud based call recording technology.

Andy Hollingworth, CEO explains:

"Our new client has chosen Toople for its connectivity requirements, which include the ability to implement investment decisions across the world in real time.  Their reliance on dependable modern communications technology could not be more crucial to their operations, and we are proud to offer them some of the best possible solutions available."

He added:

"It is now clear that hybrid working is here to stay, and the world is likely at the beginning of a new wave of globalisation where employees in the service industry will be required, or are able to request, to largely work remotely.  Keeping employees connected, wherever they may be, was central to the requirements of our new customer, and we expect this to grow in importance in our service offering.  Our cloud based mobile apps ensure that employees remain integrated wherever they may be, and we look forward to keeping more businesses connected, without the need to worry about connectivity, as many other factors, such as supply chains and variations of Covid-19, keep presenting challenges."

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

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About Toople PLC

Toople PLC is incorporated in the UK and listed on the main market of the London Stock Exchange.   The business currently trades under four main brands: toople.com; dmsluk.co.uk; broadbandandphones.co.uk; checkthatcompany.co.uk.

Toople.com provides bespoke telecoms services for its fast growing target market of UK SMEs with between one and 500 employees.  Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed via the Group's proprietary software platform.  The Group's wholly owned subsidiary  DMS Holding (DMSL) provides unified communication services in the UK ranging from a single phone line to a multi-site unified comms VoIP platform, delivered via a network of telecoms and IT carriers and content providers across the UK including BT Business, BT Global Services, Gamma, EE, Vonage, TalkTalk Business and O2.  DMSL acts as a BT Premier re-seller for broadband connectivity, mobile and fixed voice and cloud services and is responsible for over 250,000 BT customers and over 400,000 Revenue Generating Units.

The Company also owns a telecoms price comparison website and a service offering company credit reference checking and reports.  These complement the Group's IT and telecoms services.