British Telecommunications PLC
27 July 2000
NOT FOR RELEASE IN OR INTO THE UNITED STATES
THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE
SECURITIES IN THE UNITED STATES, AND THE SECURITIES MAY
NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION OR
AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES
ACT OF 1933, AS AMENDED. ANY PUBLIC OFFERING OF THE
SECURITIES IN THE UNITED STATES WILL BE MADE BY MEANS OF
A PROSPECTUS CONTAINING DETAILED INFORMATION REGARDING
YELL PLC (THE 'COMPANY') AND THE COMPANY'S MANAGEMENT,
INCLUDING FINANCIAL STATEMENTS. SUCH PROSPECTUS WILL BE
MADE AVAILABLE THROUGH THE COMPANY. THE COMPANY INTENDS
TO REGISTER A PORTION OF THE OFFERING IN THE UNITED
STATES.
STABILISATION/FSA
July 27, 2000
ADVISERS TO BT
British Telecommunications plc ('BT') today confirmed
that it has appointed ABN AMRO Rothschild and Morgan
Stanley Dean Witter to advise it on the Initial Public
Offering of Yell, its international directories and e-
commerce business.
Yell operates in the classified advertising market
through both printed and electronic media, including the
Yellow Pages directories, Yell.com, Talking Pages, and
Yellow Book in the US. BT announced on April 13, 2000,
that it intended to list Yell by the end of the year.
Inquiries:
BT - Group Newsroom 24-hour number: (020) 7356 5369
Yell - Cary Martin or Julian Walker at Citigate Dewe Rogerson: (020) 7638 9571
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