COLT Telecom Group Plc Announces Director Shareholding


LONDON, May 4, 2004 (PRIMEZONE) --


                            SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 All relevant boxes should be completed in block capital letters.
 ____________________________________________________________________

  1.      Name of company       2.  Name of director

          COLT TELECOM GROUP        Antony Bates
          PLC
 ____________________________________________________________________

  3.      Please state          4.  Name of the registered holder(s)
          whether                   and, if more than one holder, the
          notification              number of shares held by each of
          indicates that it         them (if notified)
          is in respect of
          holding of the
          shareholder named
          in 2 above or in
          respect of a
          non-beneficial
          interest or in the
          case of an
          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          6.  Please state the nature of the
          whether                   transaction. For PEP transactions
          notification              please indicate whether
          relates to a              general/single
          person(s) connected       co PEP and if discretionary/non
          with the director         discretionary /non discretionary
          named in 2 above
          and identify the
          connected person(s)


 ____________________________________________________________________

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

 ____________________________________________________________________

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

 ____________________________________________________________________

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

 ____________________________________________________________________

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

 ____________________________________________________________________

  17.     Date of grant         18. Period during which or date on
                                    which exercisable
          04.05.2004
                                    250,000 04.05.2007 - 04.05.2014
                                    125,000 04.05.2008 - 04.05.2014
                                    125,000 04.05.2009 - 04.05.2014

 ____________________________________________________________________

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

                                    500,000 ordinary shares

 ____________________________________________________________________

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

          GBP0.7667                500,000

 ____________________________________________________________________

  23.     Any additional        24. Name of contact and telephone
          information               number for queries

          EXERCISE SUBJECT TO       ADRIAN GOODENOUGH 020 7947 1677
          PERFORMANCE
          CONDITIONS

 ____________________________________________________________________

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

          ADRIAN GOODENOUGH


  Date of notification - 04.05.2004
 ____________________________________________________________________



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