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mmO2 PLC (OOM)

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Friday 07 January, 2005

mmO2 PLC

Director Shareholding

mmO2 PLC
07 January 2005



                                    mmO2 plc
                       David Arculus - Amendment to Award


mmO2 plc previously reported that, on 29 July 2004, David Arculus, the Chairman,
was granted an Award over mmO2 Ordinary Shares ('Shares') under the mmO2
Restricted Share Plan.

The terms of the original Award were as follows:

The Award was over 350,877 Shares. It was granted for no monetary consideration
and calculated by reference to a Share price of 85.5p per share. The Shares
under the Award would vest on 29 July 2007 provided Mr Arculus built up a
personal holding of 350,877 Shares by 28 July 2005, remained with the Company on
the vesting date, and the related corporate performance condition set by the
Remuneration Committee of the Company in respect of the Award was met.

At the time the details of the original Award were notified to the market, mmO2
plc also advised that the Award was capable of being amended following
Remuneration Committee review.

Following representations by the ABI and a subsequent Remuneration Committee
review, mmO2 plc today announces that an amendment was made to the Award on 6
January 2005. The number of Shares under the Award has been reduced from 350,877
Shares to 292,397 Shares and the Award is no longer subject to a corporate
performance condition. Vesting of the Award continues to be conditional on the
requirement for Mr Arculus to build up by 28 July 2005, and maintain until
vesting, a personal shareholding of 350,877 Shares and that he remains with the
Company on the vesting date.

The revised Award will be treated for all purposes as having a grant date of 29
July 2004.



Enquiries to:

David Nicholas                               Simon Gordon
Director of Communications Press             Relations Manager
mmO2 plc                                     mmO2 plc
david.nicholas@o2.com                        simon.gordon@o2.com
t: +44 (0)7715 759176                        t: +44 (0)771 007 0698




                      This information is provided by RNS
            The company news service from the London Stock Exchange