COLT Telecom Group plc Announces Director Shareholding


LONDON, Oct. 4, 2004 (PRIMEZONE) -- SCHEDULE 11 -- NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


 All relevant boxes should be completed in block capital letters.

  1. Name of company           2. Name of director

     COLT Telecom Group plc       Vincenzo Damiani

  3. Please state              4. Name of the registered holder(s)
     whether                      and, if more than one holder, the
     notification                 number of shares held by each of
     indicates that it            them (if notified)
     is in respect of
     holding of the               Shares - Gabriella Carabelli
     shareholder named
     in 2 above or in             Bonds - Azienda agricloa la
     respect of a                 Fiorita di Carabelli Gabriella
     non-beneficial
     interest or in the
     case of an
     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

     Spouse

  5. Please state              6. Please state the nature of the
     whether                      transaction. For PEP transactions
     notification                 please indicate whether
     relates to a                 general/single
     person(s) connected          co PEP and if discretionary/non
     with the director            discretionary /non discretionary
     named in 2 above
     and identify the             Purchase of shares
     connected person(s)          Purchase and sale of bonds

     Gabriella Carabelli

  7.  Number    8.  Percentage  9.  Number of          10. Percentage
      of            of issued       shares/amount of       of issued
      shares/       class           stock disposed         class (any
      amount        (any                                   treasury
      of            treasury        Bonds - 145,000        shares
      stock         shares                                 held by
      acquired      held by                                company
                    company                                should not
      Shares-       should not                             be taken
      100,000       be taken                               into
                    into account                           account
      Bonds -       when                                   when
      145,000       calculating                            calculating
                    percentage)                            percentage)

                    Shares -                               Bonds -
                    0.010%                                 0.055%

                    Bonds -
                    0.055%

  11. Class    12.  Price      13.  Date of            14. Date
      of            per share       transaction            company
      security                                             informed


      Shares -      Shares -        Shares -               27.09.2004
      ordinary      39.5 pence      30.07.2004
      Bonds -       Bonds           Bonds
      1999          (purchase)-     (purchase)-
      euro320m      67.2678         11.04.2003
      7.625%        pence           Bonds
      High          Bonds           (sale) -
      Yield         (sale) -        10.09.2004
      Senior        94.7 pence
      Notes

  15. Total holding             16. Total percentage holding of issued
      following this                class following this notification
      notification                  (any treasury shares held by
                                    company should not be taken into
      Shares - 142,162              account when calculating
      Bonds - Nil                   percentage)

                                    Shares - 0.01%
                                    Bonds - Nil

  If a director has been granted options by the company please
  complete the following boxes.

  17.     Date of grant         18. Period during which or date on
                                    which exercisable



  19.     Total amount paid     20. Description of shares or
          (if any) for grant        debentures involved: class,
          of the option             number



  21.     Exercise price (if    22. Total number of shares or
          fixed at time of          debentures over which options
          grant) or                 held following this notification
          indication that
          price is to be
          fixed at time of
          exercise



  23.     Any additional        24. Name of contact and telephone
          information               number for queries

                                    Adrian Goodenough 020 7947 1677

  25.     Name and signature of authorised company official
          responsible for making this notification

          Adrian Goodenough

  Date of notification - 01.10.2004



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

            

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