Corporate Action

British Telecommunications PLC
10 May 2001

RIGHTS ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE       *BT.A
SEDOL CODE          *140-843
TERMS               *3 New BT Shares for every 10 existing BT Shares held       
                     at 300p.
DEALINGS COMMENCE NIL PAID *21-05-01
PROVISIONAL EX DATE *21-05-01
RECORD DATE         *09-05-01
SPLITTING NIL PAID  *12-06-01  3:00pm
ACCEPTANCE DATE     *15-06-01  9:30am
SPLITTING FULLY PAID *27-06-01  3:00pm
RENUNCIATION        *29-06-01  3:00pm
NOTES *