Result of Equity Issue

British Telecommunications PLC 17 June 2001 NR 0133 British Telecommunications public limited company ('BT') 17 June 2001 Rights Issue - level of acceptances The BT rights issue (the 'Rights Issue') closed at 9.30am on Friday, 15 June 2001. BT has received valid acceptances in respect of 1,768,695,260 shares, representing approximately 89.5% of the total number of new BT shares being offered. As a result, and further to BT's announcement of 14 June 2001, Cazenove & Co. Ltd and Merrill Lynch International will be seeking subscribers for 206,884,792 new BT shares by way of an international tender. Contacts Cazenove & Co. Ltd. Telephone: +44 20 7588 2828 David Mayhew Edmund Byers Merrill Lynch International Telephone: +44 20 7628 1000 Rupert Hume-Kendall Rupert Evenett This announcement, which has been issued by, and is the sole responsibility of, British Telecommunications public limited company ('BT'), has been approved by Cazenove & Co. Ltd and Merrill Lynch International, each of which is regulated in the UK by The Securities and Futures Authority, solely for the purposes of Section 57 of the Financial Services Act 1986. Each of Cazenove & Co. Ltd and Merrill Lynch International is acting for BT and no one else in connection with the Rights Issue and the International Tender and will not be responsible to anyone other than BT for providing the protections afforded to customers of Cazenove & Co. Ltd or Merrill Lynch International respectively or for providing advice in relation to the Rights Issue or the International Tender. This announcement does not constitute, or form part of, an offer or any solicitation of an offer, for securities. The above materials are not an offer of securities for sale in the United States. The securities being offered in the International Tender may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become effective. Any public offering of the securities in the United States will be made only by means of a US prospectus containing detailed information regarding BT and BT's management, including financial statements. Such prospectus is available through BT at 81 Newgate Street, London EC1A 7AJ.

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BT Group (BT.A)
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