COLT Telecom Group plc Announces Schedule 11


LONDON, Dec. 31, 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                   John Joseph Remondi
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 3.  Please state whether notification   4.  Name of the registered
     indicates that it is in respect of      holder(s) and,if more
     holding of the shareholder named        than one holder, the
     in 2 above or in respect of a           number of shares held
     non-beneficial interest or in the       by each of  them
     case of an individual holder if it      (if notified)
     is a holding of that person's
     spouse or children under the
     age of 18 or in respect of an
     non-beneficial interest
                                             John Joseph Remondi and
                                             Dorothy A. Remondi
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 5.  Please state whether         6. Please state the nature of
     notification  relates to        the transaction. For PEP
     a person(s) connected above     transactions please indicate
     and with the director           whether  general/single co
     named in 2 identify the         PEP and if discretionary/
     connected person(s)             non discretionary/
                                     non discretionary Holding
     Dorothy A. Remondi - spouse     on appointment
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 7. Number of   8.Percentage of  9. Number of  10. Percentage of
    shares/       issued class      shares/        issued class
    amount of     (any treasury     amount of      (any treasury
    stock         shares held by    stock           shares held by
    acquired      company should    disposed        company should
                  not be taken                      not be taken
                  into account                      into account
                  when calculating                  when
                  percentage)                       calculating
        200,000              0.01%                  percentage)
    (50,000 American
     Depositary
     Receipts)
 ---- ------------ ------------  ---- -------- ---- ------------



 11. Class of     12.  Price per   13. Date of      14. Date company
     security          share           transaction      informed
     Ordinary          n/a             31.12.2004       31.12.2004
 ---- ----------   ---- ---------- ---- ----------- ---- -----------

 15.Total holding following this     16. Total percentage holding of
    notification                         issued class following this
                                         notification (any treasury
                                         shares held by company
                                         should not be taken into
                         200,000         account when calculating
                                         percentage) 0.01%
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 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
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 19. Total amount paid (if any)   20.  Description of shares or
     for grant  of the option          debentures involved: class,
                                       number
 --- ----------------------     ----  ------------------------

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

 23.  Any additional information  24. Name of contact and telephone
                                      number for queries
                                      Adrian Goodenough 020 7947 1677
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 25. Name and signature of authorised company official responsible for
     making this notification

     Adrian Goodenough

 Date of notification - 31.12.2004
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