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Virgin Mobile Hldgs (VMOB)

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Wednesday 01 February, 2006

Virgin Mobile Hldgs

Third Quarter KPIs

Virgin Mobile Holdings (UK) PLC
01 February 2006

Virgin Mobile Holdings (UK) plc ("Virgin Mobile")
Key performance indicators (KPIs) for the three months to 31 December 2005

Released: London 01 February 2006

KPI highlights

• Service revenue up 20.3% on Q3 last year (H1 FY06: 8.7%)
• Rising 12 month rolling ARPU up to £123 (H1 FY06: £121)
• Total active customers increased 12% to 4,346,000 (Q3 FY05: 3,879,000)
• Strong customer growth with 193,000 net active additions (Q3 FY05: 276,000)

Tom Alexander, Chief Executive of Virgin Mobile, said:

"I am delighted to report another strong set of results for Virgin Mobile this
quarter. Our top line service revenue growth continues to be industry leading,
with our highest year on year growth for over twelve months. Our continuing
strategy of attracting high quality customers in the prepay segment fuelled our
growth during the quarter.

"Our entry into the contract market gathered pace during the quarter, with the
number of distribution outlets doubling and the launch of our contract
advertising on television featuring Kate Moss. We will continue to roll out our
contract proposition to further outlets over the next quarter, with additional
expansion planned for FY2007.

"We begin 2006 in a strong position, with industry leading revenue growth,
rising ARPUs and a growing customer base, and therefore look with confidence to
the future. Our discussions with ntl about a potential offer are ongoing and we
will make further announcements about these in due course."

Service Revenue growth and rising ARPU
Service revenue growth continued to gain momentum with a market leading 20.3%
growth over the quarter compared to a year ago. This represents a significant
increase on our underlying H1 2006 service revenue growth of 17.9%, with well
over half the growth being generated from the prepay segment. Reported service
revenue growth also benefited from the first full quarter without any
comparative impact from the Ofcom interconnection rate cuts.

On a 12 month rolling basis, blended ARPU rose to £123; an increase of £2 per
customer from £121 at 30 September 2005, reflecting a continuation of recent
trends. Monthly ARPU rose for the fourth consecutive quarter, as a result of our
successful launch into the contract market and our targeted approach to
acquisition of prepay customers.

Non-voice services revenues remain unchanged quarter on quarter at 32.6% of
service revenue.

Connections Growth
During the quarter, our active customer base grew strongly with 193,000 net
active connections (Q3 FY05: 276,000), driven primarily by a high level of
prepay connections at Christmas, along with the continued growth in our contract
base. Our active customers reached 4,346,000 (up 12.0% year on year).
Our approach to the prepay market during this period was consistent with the
strategy adopted in previous quarters, remaining focused on acquiring and
retaining high spending customers. This strategy has continued to deliver strong
customer growth, with both ARPU and service revenue growth also rising as a
result. While this strategy of connecting customers to higher quality handsets
incurs commensurately higher SACs, we expect prepay SACs over the second half of
the year to be broadly in line with the first half.

Churn on the active customer base, adjusted for temporary connections,
marginally increased to 27.5% (H1 FY06: 26.9%). This rise represents a
deceleration of the churn growth as it trends towards the industry average.

Quarter ending                                        31 Dec        31 Mar        30 Jun        30 Sept        31 Dec
                                                        2004          2005          2005           2005          2005

90 day active customers (thousands)                    3,880         4,032         4,109          4,153         4,346
Net 90 day active customer additions (thousands)         276           152            77             44           193
Active customer churn(1) (%)                               -         22.6%         24.0%          26.9%         27.5%
Average revenue Per User ("ARPU") (£)                   £132          £127          £123           £121          £123
Non-voice service revenue as a percentage of service revenue (%)
                                                       29.7%         31.2%         31.5%           32.6%        32.6%

(1)From 31 March 2005, churn is reported and calculated based on the 90 day
active customer base, adjusted for connections which, in the company's view, do
not result in active customers (including those in respect of prepay handset
upgrades). Previously, churn was reported and calculated based on the connected
SIM base. Reported churn was 16.2% as at 31 December 2004.

Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements. We have based
these forward-looking statements on our current plans, expectations and
projections about future events. These forward-looking statements are subject to
risks, uncertainties and assumptions about us. Forward-looking statements speak
only as of the date they are made. If any one or more of the foregoing
assumptions are ultimately incorrect, our actual results may differ from our
expectations based on these assumptions. Also, the sector and markets in which
we operate may not grow over the next several years as expected, or at all. The
failure of these markets to grow as expected may have a material adverse effect
on our business, operating results and financial condition and the market price
of our ordinary shares.

Investors and Analysts
Mike Thomas, Head of Corporate Finance & Investor Relations +44 (0)20 7484 4300.

Steven Day, Corporate Affairs Director, +44 (0)7931 777777 or +44 (0)20 7484 4300.

James Murgatroyd or Don Hunter +44 (0)20 7251 3801.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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