SOURCE: COLT Telecom Group plc

March 21, 2005 09:56 ET

Colt Telecom Group PLC announces Director Shareholding

London -- (MARKET WIRE) -- March 21, 2005 --


                              SCHEDULE 11 
    NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS  

All relevant boxes should be completed in block capital letters. 

--- --------------------      --- -------------------- 
1.  Name of company           2.  Name of director            
                                                                      
    COLT Telecom Group plc        Gene Gabbard                

--- --------------------      --- --------------------
3.  Please state whether      4.  Name of the registered      
    notification indicates        holder(s) and, if more than 
    that it is in respect         one holder, the number of   
    of holding of the             shares held by each of them 
    shareholder named in 2        (if notified)               
    above or in respect of                                    
    a non-beneficial              Gene Gabbard                
    interest or in the case                                   
    of an individual holder                                   
    if it is a holding of                                     
    that person's spouse or                                   
    children under the age                                    
    of 18 or in respect of                                    
    an non-beneficial                                         
    interest                                                  
                                                                      
--- --------------------      --- --------------------
5.  Please state whether      6.  Please state the nature of  
    notification relates to       the transaction. For PEP    
    a person(s) connected         transactions please         
    with the director named       indicate whether            
    in 2 above and identify       general/single              
    the connected person(s)       co PEP and if               
                                  discretionary/non           
                                  discretionary /non          
                                  discretionary               
                                                                      
                                  Purchase                    

--- ----------     --- ----------  --- ----------     --- ----------
7.  Number of      8.  Percentage  9.  Number of      10. Percentage
    shares/amount      of issued       shares/amount      of issued    
    of stock           class (any      of stock           class (any  
    acquired           treasury        disposed           treasury    
                       shares held                        shares held
    23,282             by company                         by company    
                       should not                         should not
                       be taken                           be taken      
                       into account                       into account
                       when                               when    
                       calculating                        calculating
                       percentage)                        percentage)

                       <0.01%

--- ----------     --- ----------  --- ----------     --- ----------
11. Class of       12.  Price      13. Date of        14. Date     
    security            per            transaction        company  
                        share                             informed 

    Ordinary            49.75 pence    21.03.2005         21.03.2005

--- --------------------      --- --------------------
15. Total holding following   16. Total percentage holding of 
    this notification             issued class following this 
                                  notification (any treasury  
    23,282                        shares held by company      
                                  should not be taken into    
                                  account when calculating    
                                  percentage)                 
                                                                      
                                  0.01 %                      

-----------------------------------------
If a director has been granted options by the company please complete the
following boxes.                                       

--- --------------------      --- --------------------
17. Date of grant             18. Period during which or date 
                                  on which exercisable        

--- --------------------      --- --------------------
19. Total amount paid (if     20. Description of shares or    
    any) for grant of the         debentures involved: class, 
    option                        number                      

--- --------------------      --- --------------------
21. Exercise price (if        22. Total number of shares or   
    fixed at time of grant)       debentures over which       
    or indication that            options held following this 
    price is to be fixed at       notification                
    time of exercise                                          

--- --------------------      --- --------------------
23. Any additional            24. Name of contact and         
    information                   telephone number for        
                                  queries                     
    Open market purchase as                                   
    part of non-executive         Adrian Goodenough 020 7947 1677 
    fees                                                  

--- --------------------      --- --------------------
25. Name and signature of authorised company official         
    responsible for making this notification                  
                                                                      
    Adrian Goodenough                                         

Date of notification - 21.03.2005                                   
-----------------------------------------

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