Completion of Offering,etc

BATM Advanced Communications Limited 15 March 2000 Not for release or distribution in or into the United States of America, Canada, Japan or Australia BATM Advanced Communications Limited Completion of Offering BATM Advanced Communications Limited ('BATM' or the 'Company') announces that it has completed the offering of new ordinary shares which was announced on Tuesday, 14 March 2000. In response to strong investor demand, Dresdner Kleinwort Benson, as sole bookrunner, has placed 800,000 new ordinary shares, with institutional investors at a price of £70.00 per share. The Company will receive approximately £54.0 million (approximately US$85 million) net of expenses of the Offering. Application will be made to the London Stock Exchange for the new shares to be admitted to the Official List. Share certificates are expected to be issued on Wednesday, 22 March 2000 and the new shares are expected to commence trading at 8:00 a.m. on Thursday, 23 March 2000. For further information: BATM 00 972 3 938 6888 Ofer Bar-Ner, Chief Financial Officer Dresdner Kleinwort Benson 0207 623 8000 Mark Smith Shore Capital and Corporate Limited 0207 734 7293 Graham Shore Ludgate Communications 0207 253 2252 Edward Macquisten
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