Schedule 11 Notification of Interests of Directors And Connected Persons


LONDON, Feb. 27, 2004 (PRIMEZONE) -- All relevant boxes should be completed in block capital letters.


  1.  Name of company             2.  Name of director

      COLT Telecom Group plc          Paul Chisholm


  3.  Please state whether        4.  Name of the registered
      notification indicates          holder(s) and, if more than
      that it is in respect of        one holder, the number of
      holding of the                  shares held by each of them
      shareholder named in 2          (if notified)
      above or in respect of a
      non-beneficial interest
      or in the case of an            Paul Chisholm
      individual holder if it
      is a holding of that
      person's spouse or
      children under the age of
      18 or in respect of an
      non-beneficial interest


  5.  Please state whether        6.  Please state the nature of
      notification relates to a       the transaction. For PEP
      person(s) connected with        transactions please indicate
      the director named in 2         whether general/single
      above and identify the          co PEP and if
      connected person(s)             discretionary/non
                                      discretionary /non
                                      discretionary

                                      Exercise of share option and
                                      sale


  7.  Number of    8. Percentage  9.  Number of     10.  Percentage
      shares/amount   of              shares/amount    of issued
      of              issued         of stock           class
      stock            class          disposed           (any
      acquired         (any                              treasury
                       treasury                          shares
      500,000          shares         500,000            held by
                       held by                           company
                       company                           should
                       should                            not be
                       not be                            taken
                       taken                             into
                       into                              account
                       account                           when
                       when calculating                  calculating
                       percentage)                       percentage)

                       0.03%                             0.03%



  11.  Class     12.   Price     13.   Date of       14.   Date
       of              per             transaction         company
       security        share                               informed

       Ordinary       GBP0.6875        25th                25th
                       to              February            February
                       exercise        2004                2004
                       the
                       option
                       and
                       GBP1.13
                       on the
                       sale


  15.  Total         16. Total percentage holding of
       holding           issued class following this
       following         notification (any treasury shares
       notification      this held by company should not be take into
                         account when calculating percentage)


       4,179,813                    0.28%


  If a director has been granted options by the company please
  complete the following boxes.


  17.       Date of    18.  Period during which or date on which
            grant           exercisable


  19.       Total      20.  Description of shares or debentures
            amount          involved: class, number
            paid (if
            any) for
            grant of
            the
            option


  21.       Exercise   22. Total number of shares or debentures
            price         over which options held following this
            (if            notification
            fixed at
            time of
            grant)
            or
            indication
            that
            price is
            to be
            fixed at
            time of
            exercise


  23.       Any        24. Name of contact and telephone number for
            additional     queries
            information    Adrian Goodenough 020 7947 1677
                           Adrian.Goodenough@colt-telecom.com


  25.       Name and signature of authorised company official
            responsible for making this notification

            Adrian Goodenough

  Date of notification 26th February 2004

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



            

Contact Data