The People's Operator plc

("TPO", the "Company" or the "Group")

Interim funding

The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announces that Michael Butler, Non-Executive Chairman of the Company and Juliet Rosenfeld, Non-Executive Director of the Company, have advanced £100,000 and £150,000 respectively to the Company to enable it to meet its immediate working capital needs (the "Interim Funding"). This represents the advance of their participation in the Company's fundraising that was announced on 7 December 2017 (the "Fundraising"). No interest will be payable on the Interim Funding.

Related Party Transactions

As Directors of the Company, the advance of the Interim Funding by Michael Butler and Juliet Rosenfeld constitute related party transactions pursuant to AIM Rule 13 (the "Related Party Transactions"). The independent Directors, being Sam Tillotson, Jimmy Wales and Julia Simpson, consider, having consulted with finnCap Ltd, the Company's nominated adviser, that the terms of the Related Party Transactions are fair and reasonable insofar as shareholders of the Company are concerned.

Important Notice

As at 11 December 2017, the Company had 141,804,182 ordinary shares of £0.0005 ("Ordinary Shares") in issue. Investors should note that admission of the up to 3,200,000,000 new Ordinary Shares relating to the Fundraising remain conditional on the passing of the Resolutions to be put to shareholders at the General Meeting of the Company which will be held at 11.00 a.m. on 22 December 2017 (the "General Meeting"). If the Resolutions are passed, it is expected that the admission of the new Ordinary Shares will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 27 December 2017.

Shareholders should note that if the Fundraising does not proceed then the Board would have to urgently seek alternative funding for the Company and there is no guarantee that this would be available.

It is therefore of the utmost importance that Shareholders vote in favour of the Resolutions at the General Meeting. If the Resolutions are not passed by Shareholders at the General Meeting and the Fundraising does not proceed, the Company will need to urgently seek alternative sources of funding but, given the current stage of the Company's development and attempts by the Company to secure alternative financing to date, this outcome is unlikely to be favourable to Shareholders since the Company would likely have insufficient working capital to continue to trade and, in the absence of any other source of funding, there may be no alternative but to place the Company into insolvency proceedings.

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The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.