The Carphone Warehouse Group PLC

Charles Dunstone, Chairman and Chief Executive Officer said:

This investment represents our long-term commitment and confidence in the strength of The Carphone Warehouse business and our position within the market in which we are operating.

Since our IPO in July 2000 we have consistently delivered our key objectives of generating growth through further expansion in our distribution business and delivering a strong performance in our telecoms services operations including our facilities management and Value Telecom businesses; all of which contribute to an infrastructure within which to exploit the exciting developments in wireless technologies and services.

This growth, our European scale and our proven track record in delivering exceptional customer service reinforce our belief that this business is on track for long-term success.