COLT Telecom Group Director Shareholding


LONDON, May 7, 2003 (PRIMEZONE) -- COLT Telecom Group plc (the "Company") (Nasdaq:COLT) (LSE:CTM) (Ref No. 3232904):

In accordance with Chapter 16 of the Listing Rules, notification is hereby given that:

On May 6, 2003 Mr. Barry Bateman, a director and Chairman of the Board of the Company was appointed as a Trustee of the Fidelity International Charitable Foundation (the "FIL Foundation") which is a charitable foundation established in Bermuda.

The FIL foundation has an interest over 709,481 Ordinary shares of 0.25p each (less than 1% of the issued class) in the Company, which are held on its behalf by Fidelity International Limited ("FIL") under the terms of a voting trust.

FIL's holding in aggregate is 80,634,497 Ordinary shares of 0.25p each (approximately 5.3% of the issued class) in the Company.

On this appointment as a Trustee of the FIL Foundation Mr. Bateman is considered to have acquired a non-beneficial interest in the Foundation shares.


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