Further re Bond Tender Offer

BT Group PLC
15 September 2003

15 September 2003

BRITISH TELECOMMUNICATIONS PLC SETS THE FINAL FIXED SPREAD IN BOND TENDER OFFER


Further to the Announcement dated 4 September 2003 (the "Announcement"), British
Telecommunications plc (the "Company") announces today that it has set the Final
Fixed Spread in its cash tender:


Notes                            Benchmark Bond                   Final 
                                                                  Fixed 
                                                                  Spread


€2,250,000,000 7.125%            DBR 5.25% January 2011           57bps
                                                                                     
due 15 February 2011



For detailed terms of the Tender Offer please refer to the Announcement.

Between 15 September and 22 September 2003, Noteholders may either tender their
Notes through a Contingent Order via Deutsche Bank AG London ([phone])
or through a Deutsche Bank sales representative, acting as agent for the
Company, or place an Electronic Order through Euroclear or Clearstream,
Luxembourg. The offer expires at 5pm (London time) on 22 September 2003. If the
total of Notes tendered exceeds the amount of Notes that the Company will
accept, then orders will be scaled back pro rata as described in the
Announcement.

Deutsche Bank AG London is acting as the Dealer Manager and Tender Agent for
this transaction.

For further information please contact:

BT Group plc

Andy Longden, Group Treasurer

[phone]


Deutsche Bank AG London

Sandra Hughes

[phone]


This press release does not constitute, or form part of, any solicitation of any
offer or invitation to sell any securities in any jurisdiction nor shall it (or
any part of it), or the fact of its distribution, form the basis of or be relied
on in connection with any contract thereof. No indications of interest in the
Tender Offer are sought by this press release.

The Tender Offer made by the Announcement is not being made to, and tenders will
not be accepted from or on behalf of, holders of the Notes in any jurisdiction
in which the making or tender thereof will not be in compliance with the laws of
such jurisdiction. In addition, the Tender Offer is not being made, directly or
indirectly, in or into, or by use of the mails, or by any means or
instrumentality (including, without limitation, facsimile transmission, telex,
telephone, email and other forms of electronic transmission) of interstate or
foreign commerce, or of any facility of a national securities exchange of the
United States and Notes may not be tendered by any such use, means,
instrumentality or facility from or within the United States.


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