LONDON, Feb. 27, 2004 (PRIMEZONE) -- All relevant boxes should be completed in block capital letters.
1. Name of company 2. Name of director COLT Telecom Group plc Paul Chisholm 3. Please state whether 4. Name of the registered notification indicates holder(s) and, if more than that it is in respect of one holder, the number of holding of the shares held by each of them shareholder named in 2 (if notified) above or in respect of a non-beneficial interest or in the case of an Paul Chisholm individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of an non-beneficial interest 5. Please state whether 6. Please state the nature of notification relates to a the transaction. For PEP person(s) connected with transactions please indicate the director named in 2 whether general/single above and identify the co PEP and if connected person(s) discretionary/non discretionary /non discretionary Exercise of share option and sale 7. Number of 8. Percentage 9. Number of 10. Percentage shares/amount of shares/amount of issued of issued of stock class stock class disposed (any acquired (any treasury treasury shares 500,000 shares 500,000 held by held by company company should should not be not be taken taken into into account account when when calculating calculating percentage) percentage) 0.03% 0.03% 11. Class 12. Price 13. Date of 14. Date of per transaction company security share informed Ordinary GBP0.6875 25th 25th to February February exercise 2004 2004 the option and GBP1.13 on the sale 15. Total 16. Total percentage holding of holding issued class following this following notification (any treasury shares notification this held by company should not be take into account when calculating percentage) 4,179,813 0.28% If a director has been granted options by the company please complete the following boxes. 17. Date of 18. Period during which or date on which grant exercisable 19. Total 20. Description of shares or debentures amount involved: class, number paid (if any) for grant of the option 21. Exercise 22. Total number of shares or debentures price over which options held following this (if notification fixed at time of grant) or indication that price is to be fixed at time of exercise 23. Any 24. Name of contact and telephone number for additional queries information Adrian Goodenough 020 7947 1677 Adrian.Goodenough@colt-telecom.com 25. Name and signature of authorised company official responsible for making this notification Adrian Goodenough Date of notification 26th February 2004
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