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Osprey Comms. (OSPY)


Friday 19 January, 2001

Osprey Comms.

Holding in Company-Replacemt

Osprey Communications PLC
19 January 2001

                          Osprey Communications plc

                       Amendment re Holding in Company

This announcement replaces the announcement Holding in Company under the RNS
No. 4671X released on the RNS system on 18 January 2001 at 15.53 p.m. The
amendment is regarding the details of the beneficiary of Osprey Shares which
was stated as Caldwell Associates. Caldwell Associates do not hold any shares
beneficially but hold them as an investment manager acting on behalf of
discretionary clients.

The Company was informed on 17 January 2001 that following the recent open
offer, capital reorganisation and purchases of shares in the market, Forest
Nominees Ltd are now the registered holder of 52,334,334 ordinary shares of
0.1p each in Osprey Communications which represents approximately 19.59% of
the issued share capital.


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