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Pipex Communications (FFG)

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Tuesday 21 August, 2007

Pipex Communications

Result of Bond Holder Meeting

Pipex Communications PLC
21 August 2007


21 August 2007

                            Pipex Communications plc

                   Result of Convertible Bond Holder Meeting

Further to Pipex Communications plc's ('Pipex') announcement of 30 July 2007,
Pipex announces that the resolution (the 'Resolution') put to today's meeting of
holders of 3.875% guaranteed convertible bonds due 2011 issued by Pipex's
subsidiary, Pipex Finance (Jersey) Limited, (the 'Bonds') was approved.  The
purpose of the Resolution is, inter alia, to amend the terms and conditions of
the Bonds.  Accordingly, on completion of the sale by Pipex of certain
subsidiaries (such sale being announced by Pipex on 13 July 2007), Condition 9
(b) of the Bonds will be amended to read as follows:

'Redemption at the Option of the Issuer

On giving not less than 7 nor more than 30 days' notice (an 'Optional Redemption
Notice') to the Trustee and to the Bondholders in accordance with Condition 19,
the Issuer may redeem all but not some only of the Bonds on the date (the '
Optional Redemption Date') specified in the Optional Redemption Notice at their
principal amount plus a premium of £20 per £1,000 denomination Bond, together
with accrued interest to such date.'

                                     -ends-

For further information please contact:

PIPEX Communications plc                                          020 7766 6909
Peter Dubens, Chairman
Mike Read, Chief Executive

Financial Dynamics                                                020 7831 3113
Juliet Clarke / Hannah Sloane






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