Yell loan note redemption

BT Group PLC
15 July 2003

BT Group plc                                   15 July 2003



Yell Loan Note Redemption

BT announces that it has today received full repayment of the Vendor Notes
issued to BT by Yell Limited at the time of BT's sale of Yell in 2001. Including
accrued interest, BT has received a cash payment of £109.5 million.

Ends


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