BRITISH TELECOMS

British Telecommunications pic (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group pic is listed on stock exchanges in London and New York. BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services, BT consists principally of four lines of business. BT Global Services, Open reach, BT Retail and BT Wholesale.

In the year ended 31 March 2006, BTGroup's revenue was 19,514 million Pounds Sterling with profit before taxation of 2,040 million Pounds Sterling.

For more information, visit www.bt.com