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KCOM Group PLC (KCOM.L) AGM and Interim Management Statement 2012

KCOM Group today announces its trading update for the period 1 April to 19 July, ahead of its Annual General Meeting at 11am.

Since its preliminary results announcement in May, the Group has continued to perform well, making good progress against its longer term objectives and the Board confirms that trading continues to be in line with expectations. Our focus remains on executing our growth strategy and we expect the performance of the Group to reflect this during the current financial year.

As anticipated, the Group’s Employee Benefit Trust has completed the acquisition of 7.3 million shares in the first quarter of the year for a cash consideration of £5.1 million.  These will be used to satisfy the Group's obligations in respect of certain share incentive plans that will vest as at 24 July 2012.

Subject to shareholder approval at today’s AGM, the Group will be paying a final dividend of 2.67p (2011: 2.50p) to shareholders who were on the share register on 29 June. This brings the total dividend for the year to 4.00p per share, an increase of 11 per cent year on year. Payment of the final dividend will be made on 27 July 2012 and we reconfirm our commitment to delivering a minimum ten per cent increase in dividend for the current financial year.

About KCOM PLC

KCOM Group PLC is a leading provider of communications services to organisations and consumers, serving customers through four market focused brands.

KC provides a range of telephony and broadband services to consumers and businesses in Hull and East Yorkshire. Our other three brands serve organisations throughout the UK. Eclipseprovides communications services to small and medium businesses across the UK, connecting them to customers, partners and suppliers and improving their productivity and flexibility, and helping them to grow.  Kcom works with some of the UK’s biggest names, delivering communications services that enable them to be flexible, efficient and more responsive to their customers. Smart421 delivers high-end consultancy, integration and management of business-critical systems for enterprise customers.

We apply the collective knowledge and expertise of our people and our partners to help our customers harness the power of communications. Our focus is on the delivery of inspiring customer experiences, and finding new and better ways to connect people.

For further information please contact:

Bill Halbert, Executive Chairman / Paul Simpson, CFO 
KCOM Group PLC
020 7422 8707

Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735

Jon Coles/Aideen Lee 
Brunswick
020 7404 5959