Rule 8.3 - CABLE & WIRELESS

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              CABLE & WIRELESS
Class of relevant security    ORD GBP0.25
to which the dealings being
disclosed relate (Note 2)
Date of dealing               26 June 2008

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant      95,222,960      3.82%     7,131,072      0.29%
securities
(2) Derivatives    7,211,647      0.29%    27,142,193      1.09%
(other than
options)
(3) Options and   20,942,400      0.84%     9,640,400      0.39%
agreements to
purchase/sell
Total            123,377,007      4.95%    43,913,665      1.76%

(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale Number of Securities  Price per unit
                                    (GBP)
Purchase      7,300                 1.5014
Purchase      274,535               1.5310
Purchase      600,000               1.4968
Purchase      30,000                1.5008
Purchase      200                   1.5320
Purchase      7,439                 1.5120
Purchase      5,226                 1.5320
Purchase      96,269                1.5324
Purchase      7,536                 1.5120
Purchase      452                   1.5050
Purchase      104                   1.5320
Purchase      457,820               1.4960
Purchase      35,347                1.4963
Purchase      4,488                 1.4960
Purchase      6,618                 1.5120
Purchase      36,532                1.5007
Purchase      41,248                1.5510
Purchase      323,328               1.5295
Purchase      9,942                 1.5182
Purchase      35,204                1.5182
Purchase      47,063                1.5303
Purchase      621,318               1.5130
Purchase      7,374                 1.5320
Purchase      15,073                1.4960
Purchase      154,053               1.5225
Purchase      8,160                 1.5320
Sale          457,820               1.4960
Sale          22,931                1.5220
Sale          274,535               1.5310
Sale          1,400                 1.5274
Sale          41,248                1.5510
Sale          963                   1.5284
Sale          130,739               1.5240
Sale          689                   1.5298
Sale          350,000               1.5220
Sale          37,773                1.5074
Sale          8,763                 1.5291
Sale          32,238                1.4960
Sale          540                   1.5114

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          37773         1.5074
CFD            Long          22931         1.522
CFD            Long          130739        1.524
CFD            Long          8763          1.5291
CFD            Long          323328        1.5295
CFD            Long          689           1.5298
CFD            Short         43492         1.4958
CFD            Short         35347         1.4962
CFD            Short         36532         1.5006
CFD            Short         30000         1.5008
CFD            Short         7300          1.5013
CFD            Short         452           1.505
CFD            Short         621318        1.513
CFD            Short         154053        1.5224
CFD            Short         271788        1.5239
CFD            Short         96269         1.5323

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry      Option money
e.g. call       selling,          securities to      price     American,       date        paid/received
option          purchasing,       which the option             European etc.               per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.

None


Is a Supplemental Form 8 attached? (Note 9)                 YES


Date of disclosure                         27 June 2008
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk

SUPPLEMENTAL FORM 8

DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)

OPEN POSITIONS (Note 1)
Product name,     Written or  Number of securities   Exercise price   Type, e.g.     Expiry date
e.g. call option  purchased   to which the option    (Note 2)         American,
                              or derivative relates                   European etc.
Option            Purchased   -272,000               1.5004           EURO           11/07/2008
Option            Purchased   760,000                1.3000           AMER           18/12/2009
Option            Purchased   760,000                1.3000           AMER           18/12/2009
Option            Purchased   1,045,000              1.8000           AMER           18/12/2009
Option            Purchased   1,500,000              1.1500           AMER           19/12/2008
Option            Purchased   5,000,000              1.1000           AMER           19/12/2008
Option            Purchased   10,000,000             1.7000           AMER           18/12/2009
Option            Purchased   -3,000,000             1.0000           AMER           19/12/2008
Option            Purchased   -2,000,000             1.2500           AMER           19/12/2008
Option            Purchased   -2,000,000             0.6000           AMER           19/12/2008
Option            Purchased   475,000                1.8000           AMER           18/12/2009
Option            Purchased   -700,000               1.4000           AMER           18/12/2009
Option            Purchased   380,000                1.8000           AMER           18/12/2009
Option            Purchased   -272,000               1.3239           EURO           11/07/2008
Option            Purchased   -48,200                1.6646           EURO           27/08/2008
Option            Purchased   -48,200                1.4688           EURO           27/08/2008
Option            Purchased   1,000                  160.0000         EURO           19/12/2008
Option            Purchased   1,000                  160.0000         EURO           19/12/2008
Option            Purchased   48,200                 1.4688           EURO           27/08/2008
Option            Purchased   48,200                 1.6646           EURO           27/08/2008
Option            Purchased   272,000                1.3239           EURO           11/07/2008
Option            Purchased   272,000                1.5004           EURO           11/07/2008
Option            Purchased   380,000                1.3000           AMER           18/12/2009
Option            Purchased   -1,300,000             1.4000           AMER           18/12/2009

Notes

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given.
Full details of any  existing agreements to purchase or to sell  should also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover
Panel's website at www.thetakeoverpanel.org.uk