TelecityGroup issues Interim Management Statement

Telecity Group plc ('TelecityGroup' or the 'Group'), the leading pan-European provider of premium network independent data centres, today issues the following Interim Management Statement for the period from 1 January 2009 to the date of this statement.

Highlights:

• Trading continues to be strong, with the revenue growth rate during the first quarter of 2009 sustained at the levels achieved in the full year 2008

• Demand for premium data centre capacity remains high. This year TelecityGroup has won significant new customer contracts, as well as expanding existing customers' capacity. New and expanded orders have been signed with companies including: MTN, The Planet, Xchanging and Zain

• Pricing remains robust and TelecityGroup's ongoing order pipeline prospects are strong

• The Group's fully funded expansion programme, targeted to meet incremental customer demand in key markets, is on track to deliver some 13 MW of additional customer power in 2009, equating to an increase in Group capacity of more than 30%

Current trading
Trading is strong right across TelecityGroup's geographic markets, with every location contributing to Group revenue growth that is ahead of management's previous expectations. This growth in revenues is driving strong gains in operating profit.

TelecityGroup plans to release its results for the first half of 2009 on 3 August.

Demand-led capacity expansion is being delivered according to plan In line with TelecityGroup's strategy of opening new space in its existing markets where capacity is approaching full utilisation, the Group opened new data centres in Milan and Stockholm in April. Both sites have already won significant customer orders.

Further previously announced expansion plans are also progressing well. The second phases of the London 8 'Powergate' and Amsterdam 4 data centres, which were initially opened in 2008, are being fitted out so that additional capacity can be delivered in these key markets during 2009. The power upgrade to the Group's Frankfurt 1 data centre is expected to be completed this summer and the Paris 3 facility is due to open towards the end of the year.

TelecityGroup's financial position remains robust and all current expansion plans are funded from the company's cash flows and existing borrowing facilities.

Michael Tobin, CEO of TelecityGroup, commented:
"I am very pleased with TelecityGroup's performance during the first months of 2009. Our position at the heart of the digital economy in Europe is enabling us to deliver strong growth. Individuals and organisations are making ever greater use of the internet for entertainment, information, social interaction, business transactions and efficiency savings. These structural trends are driving constantly increasing demand for our premium data centre capacity, as organisations seek to house their mission-critical IT and internet infrastructure in highly connected and resilient environments. I am confident that the momentum in our business will persist and that TelecityGroup will continue to deliver strong growth in revenue, operating profit, earnings per share and cash flows."

For further information please contact:

Investors:
TelecityGroup:
Matthew Springett
+44 (0)20 7005 6337

Media:
TelecityGroup:
James Tyler
+44 (0)20 7001 0076

Brunswick:
Sarah West
+44 (0)20 7404 5959

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