COLT Telecom Group plc -- Director Shareholding


London, Aug. 12, 2003 (PRIMEZONE) -- COLT Telecom Group plc (Nasdaq:COLT) (LSE:CTM):


                      Notification of interests of
                     Directors and connected Persons

1. Name of Company

COLT Telecom Group plc

2. Name of Director

Steve P. Akin

3. Please state whether notification indicates that it is in respect of holdingof the director named in 2 above or holding of that persons spouse or children under the age of 18 or in respect of a non-beneficial interest

Notification is in respect of director

4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)

Steve P. Akin

5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co. PEP and if discretionary / non-discretionary

Grant of Share Options

7. Number of shares / amount of stock acquired

N/A

8. Percentage of issued class

N/A

9. Number of shares / amount of stock disposed

N/A

10. Percentage of issued class

N/A

11. Class of security

N/A

12. Price per share

N/A

13. Date of transaction

N/A

14. Date Company informed

N/A

15. Total holding following this notification

N/A

16. Total percentage holding of issued class following this notification

N/A

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

17. Date of grant

July 28th, 2003

18. Period during which or date on which exercisable

Options vest in the 3rd year, and are exercisable until 2013

19. Total amount paid (if any) for grant of the option

Nil

20. Description of shares or debentures involved: class, number

150,000 Ordinary 2.5p shares

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

GBP0.7692p

22. Total number of shares or debentures over which options held following this notification

650,000 Options

23. Any additional information

24. Name of contact and telephone number for queries

John Doherty: 0171 390 3681

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


 Mark A. Jenkins
 Company Secretary
 Date of Notification: August 12 2003

 London Stock Exchange
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 Enquiries: Continuing Obligations: Telephone: 0171 797 3850

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



            

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