Exercise of Call Options

RNS Number:7419R
Freedom4 Communications PLC
07 April 2008

7 April 2008





                          FREEDOM4 Communications plc

                                (the "Company")



         Exercise of Call Options and timing of payment to Shareholders
                         in respect of the Tender Offers





Further to the announcement on 4 April 2008, the Board of the Company today
announces that Collins Stewart has exercised all the Call Options in relation to
the Second Tender Offer.



Collins Stewart will purchase the 30,175,256 Ordinary Shares tendered in respect
of the Second Tender Offer from Qualifying Shareholders today, 7 April 2008 at
10.39 pence per Ordinary Share.  Pursuant to the Tender Offers, Collins Stewart
will then sell all of the Ordinary Shares acquired by it pursuant to the Tender
Offers by way of on-market transaction(s) to the Company, for cancellation, at
the Tender Price.



As announced on 4 April 2008, under the Tender Offers, the Company is buying
back, in aggregate, 1,489,775,339 Ordinary Shares at 10.39 pence per Ordinary
Share at a total cost of £154.788 million (excluding expenses).



Despatch of cheques and payments through CREST for consideration due under the
Tender Offers is now expected to be on Thursday 10 April 2008.



Following completion of the Tender Offers, the Company will have 1,070,541,017
Ordinary Shares in issue.



For further details, contact:

FREEDOM4 Communications plc                                  Tel: [phone]
Mike Read, Chief Executive
Stewart Porter, Finance Director

Collins Stewart, Nomad to the Company                        Tel: [phone]
Hugh Field / Chris Wells

Financial Dynamics                                           Tel: [phone]
Juliet Clarke / Edward Bridges



The definitions used in this announcement are the same as the ones used in the
Circular to Shareholders dated 15 March 2008 (the "Circular").



Collins Stewart Europe Limited, which is authorised and regulated by the
Financial Services Authority, is acting exclusively for FREEDOM4 Communications
plc and no one else in connection with the Tender Offers and will not be
responsible to any person other than the Company for providing the protections
afforded to customers of Collins Stewart Europe Limited or for providing advice
in relation to the Tender Offers or any matter referred to or contained in the
Circular.




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