Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

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You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

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Cable & Wireless PLC (CW.)

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Tuesday 04 March, 2008

Cable & Wireless PLC

C&W Business Update

Cable & Wireless PLC
04 March 2008

                                                                    4 March 2008


                        CABLE & WIRELESS TARGETS GROWTH


Cable and Wireless plc (Cable & Wireless) will reveal its plans for growth in
its Europe, Asia & US business at its analyst and investor event taking place
today.

The new targets for that business for the next five years will set revenue
growth at between 5% and 8% per year and EBITDA growth at between 20% and 25%
per year, with capital expenditure of about 10% of revenue throughout the period
and free cash flow before financing growing to around 50% of EBITDA.

The event will be hosted by John Pluthero, (Executive Chairman of Europe, Asia &
US) and Jim Marsh (Chief Executive Officer of Europe, Asia & US) who will
highlight three important themes:

Firstly, Europe, Asia & US is the only enterprise pure play focusing on service.
It is exceptionally well positioned to capitalise on the powerful trends that
enterprise customers are experiencing such as globalisation, business complexity
and the need for constantly improving business performance. Consequently,
Europe, Asia & US will see strong growth over the coming years;

Secondly, the market place advantage provided by the immediate availability of a
full suite of next generation internet protocol (IP) products, enabled by Cable
& Wireless' Multi Service Platform, which includes the first ever fixed to
mobile convergence solution; and

Thirdly, growth from our capability in Asia and particularly India, where the
Europe, Asia & US business is particularly well placed to benefit from the
growth in these markets.


Further highlights will include:


  • Progress compared with the plans set out in February 2006, including
    improved service, reduction in business complexity, a much reduced cost base
    and better quality earnings;
  • The importance of our transformation programme, including the part played
    by our Multi Service Platform (our next generation platform) in redefining
    our go-to-market model and re-engineering service for customers;
  • The importance of new IP products and great service in winning and
    retaining customers and helping those customers to develop and grow their
    businesses;
  • The new targets for growth in revenue and EBITDA in the Europe, Asia & US
    business which are well beyond those previously published; and
  • Reiteration of EBITDA guidance for 2007/08.


Europe, Asia & US completed the installation of its Multi Service Platform (MSP)
in October 2006. Our Multi Service Platform improves quality and performance,
reduces costs for both customers and telecoms operators and provides a platform
for new high quality managed IP services. The MSP lays the building blocks for
transforming our business, providing customers with on-line ordering, a self-
service portal, and faster, more predictable delivery times. Working in this way
offers new opportunities for cost reduction and elimination of errors, providing
enhanced standards of care and service.

Future revenue growth for Europe, Asia & US will be driven by customers'
adoption of new applications, fixed to mobile convergence and managed services
as we build on our customer wins to date. New applications include digital
marketing and next generation video-conferencing, applications that are already
being used by our major customers. Many of these applications rely heavily on
our hosting capability and as such we expect growth in our hosting business of
over 20% per year. Aviva, our largest customer, and Royal Sun & Alliance use our
managed service capability across a range of our products and services including
IP contact centres, IP voice and data networking connectivity.

We expect revenue from our India business to grow strongly over the next five
years.  This growth will be driven by customers seeking to use our capabilities
across Asia and India, and we already count Aviva and Standard Chartered Bank
amongst our customers.

Jim Marsh, Chief Executive Officer of Europe, Asia & US said 'Earlier than
expected, we're able to talk about growth. We're the only enterprise pure play
telco and we're equipped with the right IP products, services and applications.
Our service is right up there as well. The proof point is an ever lengthening
list of enterprise customers who are very happy to trust us with their telecoms
needs.'

Commenting further, John Pluthero, Executive Chairman of Europe, Asia & US said
'Today we've set out our plans for the next five years. They're ambitious and
stretching and I've every confidence that we can achieve them.'

This section of the event will last for approximately two hours including Q&A.

John Pluthero, as Executive Chairman of Cable & Wireless International, will
give a short update on Cable & Wireless International. The update will include:


  • The framework for improving the performance of those businesses emerging
    from liberalisation;
  • The success of our businesses that have adapted to a competitive
    environment in their markets;
  • Developments in Panama and Jamaica; and
  • Reiteration of EBITDA guidance.


John Pluthero said 'Cable & Wireless International is in good shape but we're
going to make it even better. We'll focus on improving the customer experience,
targeting our investment just where it's needed - on better service, coverage
and better capacity. We're confident that we can grow Cable & Wireless
International and improve its profitability'

This section of the event will last for approximately 45 minutes including Q&A.

There will not be any discussion of Central or Group matters including updates
on pensions, dividends, Central costs and future value realisation plans.



Webcast

The event will be webcast live on the Cable & Wireless website at:http://
www.cw.com

An on-demand version will be available later in the day. The live webcast will
be interactive, allowing viewers to participate in the question and answer
sessions.


About Cable & Wireless

Cable & Wireless is one of the world's leading international communications
companies. It operates through two standalone business units - Europe, Asia & US
and International.

The Europe, Asia & US business unit provides enterprise and carrier solutions to
the largest users of telecoms services across the UK, US, continental Europe and
Asia.  With experience of delivering connectivity to 153 countries - and an
intention to be the first customer-defined communications services business -
the focus is on delivering customers a service experience that is second to
none.


The International business unit operates integrated telecommunications companies
offering mobile, broadband, domestic and international fixed line services to
residential and business customers, with principal operations in the Caribbean,
Panama, Macau, Monaco and the Channel Islands.


For more information about Cable & Wireless, go to http://www.cw.com


For further information:

Clare Waters                Group Director of External Affairs                  +44 (0) 20 7315 4088

Ashley Rayfield             Investor Relations Director                             +44 (0) 20 7315 4460

Mat Sheppard                Investor Relations Manager                              +44 (0) 20 7315 6225

Rollo Head                  Finsbury                                                +44 (0) 20 7251 3801



This announcement contains forward-looking statements that are based on current
expectations or beliefs, as well as assumptions about future events. These
forward-looking statements can be identified by the fact that they do not relate
only to historical or current facts. Forward-looking statements often use words
such as anticipate, target, expect, estimate, intend, plan, goal, believe, will,
may, should, would, could or other words of similar meaning. Undue reliance
should not be placed on any such statements because, by their very nature, they
are subject to known and unknown risks and uncertainties and can be affected by
other factors that could cause actual results, and Cable & Wireless' plans and
objectives, to differ materially from those expressed or implied in the
forward-looking statements.

There are several factors that could cause actual results to differ materially
from those expressed or implied in forward-looking statements. Among the factors
that could cause actual results to differ materially from those described in the
forward-looking statements are changes in the global, political, economic,
business, competitive, market and regulatory forces, future exchange and
interest rates, changes in tax rates and future business combinations or
dispositions. A summary of some of the potential risks faced by Cable & Wireless
is set out in the Company's most recent Annual Report.

Forward-looking statements speak only as of the date they are made and Cable &
Wireless undertakes no obligation to revise or update any forward-looking
statement or any other forward-looking statements it may make, contained within
this announcement, regardless of whether those statements are affected as a
result of new information, future events or otherwise (except as required by the
UK Listing Authority, the London Stock Exchange, the City Code on Takeovers and
Mergers or by law).


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