Chairman's Statement:

This has been a year of significant investment in growth for TalkTalk, as a result of which we have ended the year with nearly one million TV customers. TalkTalk Business has also had a very good year, delivering strong growth in a market where few other B2B operators are showing growth.

As a result we reported our first full year of revenue growth since demerger. We saw a substantial improvement in profitability in the second half of the year which, despite our investment in TV during the first half, allowed us togrow the dividend by the 15% we committed to in FY12. I am pleased to report therefore that for FY14 the Board has declared a final dividend of 8.00p that, in addition to our interim dividend of 4.00p, gives a total pay-out for the year of 12.00p.

These are substantial achievements that highlight the sustainable power of leveraging our network to deliver value for money products to consumers and businesses across the UK, while also creating value for shareholders. It has been another year of significant change and challenge for our employees, and the Board and I would like to thank them for their efforts and for their continuing commitment to TalkTalk and to our customers.