BT Group PLC
26 November 2001
Adjustment to technical interest of Directors
'Weekly Purchase' Notification
BT Group plc
BT Group plc advises that, on 23 November 2001, Ilford Trustees (Jersey)
Limited (the Trustee), as Trustee of discretionary employee trusts established
by British Telecommunications plc (BT)) (the Trusts) acquired 1,009,197
ordinary shares in BT Group plc (BT Group Shares) at an average price of
278.1474 pence per share.
These BT Group Shares were purchased by the Trustee with the proceeds of sale
of ordinary shares in mmO2 plc in connection with arrangements to acquire
sufficient BT Group Shares to satisfy entitlements of participants in BT's
executive award plans as and when they vest. These awards require adjustment
by reason of the reconstruction of BT to form separately listed companies, BT
Group plc and mmO2 plc (which was completed on 19 November 2001), so that the
awards relate solely to the shares of each participant's new parent company.
Following this transaction, the Trustee holds 21,346,729 BT Group Shares and
17,124,898 ordinary shares in mmO2 plc. The Executive Directors of BT Group
plc Sir Christopher Bland, Sir Peter Bonfield, Philip Hampton, Andy Green,
Pierre Danon and Paul Reynolds are for Companies Act purposes treated as
interested in all of these BT Group Shares but it is not anticipated that they
will receive from the Trustee a greater number of BT Group Shares than that to
which their adjusted share award relates. The adjusted awards will be
determined when the averaging period expires on 14 December 2001, and will be
announced at that time.
Ends
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