Transcomm Offer Closed

BT Group PLC 13 April 2004 BT GROUP PLC OFFER FOR TRANSCOMM PLC Not for release, publication or distribution in or into the USA, Canada or Japan. FOR IMMEDIATE RELEASE 13 April 2004 British Telecommunications plc Recommended cash offer for Transcomm plc Compulsory acquisition procedures On 15 March 2004 British Telecommunications plc ("BT") announced that the Offer had become unconditional in all respects. By 3.00 p.m. on 13 April 2004 valid acceptances of the Offer had been received in respect of a total of 97,737,688 Transcomm Shares, representing approximately 93.91 per cent. of the issued share capital of Transcomm. The Offer is now closed and is no longer available for acceptance. Having received valid acceptances for the Offer in respect of over 90 per cent. in value of the Transcomm Shares to which the Offer relates, BT intends to give notice to those Transcomm Shareholders who have not accepted the Offer that it will compulsorily acquire their Transcomm Shares by applying sections 428 to 430F of the Companies Act. On 23 January 2004, BT announced that it had received irrevocable undertakings to accept the Offer in respect of 49,652,107 Transcomm Shares, representing approximately 48.3 per cent. of the issued share capital of Transcomm. Neither BT, nor any person acting, or deemed to be acting, in concert with BT for the purpose of the Offer owned, or controlled, any Transcomm Shares or any rights over any Transcomm Shares immediately prior to the commencement of the Offer Period. Neither BT, nor any person acting, or deemed to be acting, in concert with BT for the purposes of the Offer has acquired or (other than pursuant to the Offer) agreed to acquire any Transcomm Shares or (save for the irrevocable undertakings to accept the Offer referred to in the announcement by BT on 23 January 2004) any rights over any Transcomm Shares during the Offer Period. None of the valid acceptances referred to above have been received from persons acting in concert with BT. Words and expressions defined in the offer document dated 7 February 2004 have the same meaning in this announcement, unless the context requires otherwise. The directors of British Telecommunications plc accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of British Telecommunications plc (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. PricewaterhouseCoopers LLP, which is authorised and regulated in the United Kingdom by the Financial Services Authority for designated investment business, is acting exclusively for BT Group plc and British Telecommunications plc and for no one else in relation to the Offer and will not be responsible to anyone other than BT Group plc and British Telecommunications plc for providing the protections afforded to clients of PricewaterhouseCoopers LLP or for giving advice in relation to the Offer or any other matter referred to in this document. This information is provided by RNS The company news service from the London Stock Exchange

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