Re Contract

Online Travel Corporation PLC
26 March 2001

Embargoed For 7.30am Release on 26 March 2001



                      ONLINE TRAVEL CORPORATION ANNOUNCES
                                PARTNERSHIP WITH BT





Online Travel Corporation plc ('OTC'), the travel technology and distribution
group, today announces that it has signed an agreement with British
Telecommunications Plc ('BT') to provide multi-channel travel services to
BTopenworld, BT's mass market Internet business.  As part of the agreement, BT
will become a strategic partner  in OTC.



Under the terms of the agreement, OTC will supply full service travel products
and content to BTopenworld's Internet services including BTopenworld's ADSL
broadband service, BTinternet and WAP.  The product range will include
scheduled flights, hotels, city-breaks, adventure, cruise, summer and winter
sun and family holidays, as well as extensive editorial features on locations
and holiday themes.



BT has subscribed for 300,000 new ordinary shares in OTC, and has been granted
share warrants to acquire up to 200,000 ordinary shares in OTC, exercisable at
a price of 31.5 pence per share, being the closing mid market price on 21
March 2001, (50% exercisable from the first anniversary of the agreement and
the remainder after two years).



Application for the admission of these shares to trading on the Alternative
Investment Market of the London Stock Exchange ('AIM') will be made and
dealings are expected to commence on 29 March 2001.



Commenting on the agreement, Mark Jones, Managing Director of OTC, said:



'We are delighted to have a new commercial partnership with BT and welcome
them on board as a strategic shareholders.  To work with such a strong
customer focused organisation as BT will yield many opportunities across
various platforms and we look forward to adding value to their customer
proposition.'



Rich Bartone, BTopenworld's channel manager for travel said:



'We are committed to providing the most comprehensive and trusted on-line
travel service in the UK to our users and this agreement with OTC is an
important part of our overall strategy.'





For further information, please contact:



OTC                                       Tel:  [phone]
Mark Jones, Managing Director             Tel: [phone]
Robert Falkner, Finance Director



BT                                        Tel:  [phone]
Tony Henderson


Noble & Company Limited                   Tel: [phone]
Chris Barker, Senior Manager



Buchanan Communications                   Tel:  [phone]
Isabel Petre / Alison Cole



END