(a) Under the BT Long Term Remuneration Plan and the BT Performance Share Plan 10 million shares were held in trust in respect of contingent awards of shares which have been granted to 870 participants in the two plans.

(b) Under the BT Employee Share Ownership Scheme 30 million shares were held in trust on behalf of 131,870 participants who were beneficially entitled to the shares.

(c) Approximately 110 million shares were represented by American Depositary Receipts and a further 12 million shares were held by a nominee of the Tokyo Stock Exchange on behalf of investors. Analysis by size of holding is not available for these holdings.

(d) 20.4% of the shares were in 1,996,319 individual holdings, of which 179,249 were joint holdings, and 79.6% of the shares were in 43,658 institutional holdings.

BT has a listing on the Stock Exchanges in London, New York and Tokyo.

BT shares are traded on the New York Stock Exchange in the form of American Depositary Shares (ADSs). Each ADS represents ten ordinary shares. Trading on the New York Stock Exchange is under the symbol ''BTY''.

In Japan, BT shares are traded on the Tokyo Stock Exchange under the code ''9484''.

The company's ordinary shares are settled in CREST, the computerised system for settling sales and purchases of shares. CREST is a voluntary system which enables shareholders, if they wish, to hold and transfer their shareholdings electronically rather than by paper. Shareholders who wish to retain their certificates are able to do so.

Personal equity plans (PEPs)
Details of BT single company PEPs and BT corporate PEPs offered by the Halifax may be obtained from: Halifax Investment Services Limited, Trinity Road, Halifax HX1 2RG, Tel. Freefone 0800 371 769. Other PEP managers offer similar products.

Results announcements
Expected announcements of results:

Dividends
The proposed 1998 final dividend will be paid on 21 September to shareholders on the register on 7 August 1998.

Dividend mandate
Any shareholder wishing dividends to be paid directly into a bank or building society account should contact the Registrar for a dividend mandate form. Dividends paid in this way will be paid through the Bankers Automated Clearing System (BACS).

Scrip dividends
In the year ended 31 March 1998, the group introduced the BTshare dividend plan to allow shareholders to elect to receive additional shares in lieu of a cash dividend. The price per share of the scrip dividend paid on 16 February 1998 was 480.35p. This election for scrip dividends will also be available to ordinary shareholders in respect of the 1998 final dividend to be paid on 21 September 1998. The last date for lodging mandates for the BT share dividend plan in respect of the final dividend is 7 August 1998.

ADRShareholder Services Programme
Details of the Morgan Guaranty Trust shareholder services programme, including reinvestment of dividends, are available from Morgan Guaranty Trust Co. of New York on 1 800 749 1687 (toll free in the USA) or +1 781 575 4328 (from outside USA), or on written request to the ADR Depositary.

Form 20-F
The company will file its annual report on Form 20-F with the Securities and Exchange Commission in the USA by 30 September 1998.

Regulatory financial statements
The company will publish historical cost Financial Statements for the Businesses and Activities for the year ended 31 March 1998, as required by Oftel, by 31 July 1998. BTwill also publish current cost Financial Statements for the Businesses and Activities for the year including long-run incremental cost information for the Network Business by 30 November 1998.

Copies of the Form 20-F, the Financial Statements for the Businesses and Activities, the Current Cost Financial Statements and details of quarterly results announcements, when available, may be obtained on request from the BT Shareholder Helpline provided by the company's Registrar, see below for details.

The Registrar
Lloyds Bank Registrars (450)
The Causeway
Worthing, West Sussex
BN99 6DA, England

BT (Japan) KK
ARK Mori Building
12-32 Akasaka 1-Chome
Minato-Ku, Tokyo 107-6024
Tel (03) 5562 6000

ADR Depositary
Morgan Guaranty Trust Company
of New York
ADR Service Center
P.O. Box 8205
Boston, MA 02266-8205
USA
Tel 1 800 634 8366 (toll free)
or (781) 575 4328
e-mail adr@jpmorgan.com

Share Handling Agent in Japan
The Toyo Trust & Banking Co. Ltd.
Tokyo Office:
10-11 Higashisuna 7-Chome
Koto-Ku, Tokyo 137-8081
(Corporate Agency Department)
Tel (03) 5683 5111

Osaka Office:
6-3 Fushimi-machi 3-Chome
Chuo-Ku, Osaka 541-8502
(Corporate Agency Department)
Tel (06) 222 3111

Shareholder enquiries
Lloyds Bank Registrars maintain BT's share register and the separate BT Employee Share Ownership Scheme register. They also provide a BT Shareholder Helpline service.

Shareholders should contact the Registrar (details above) if they have any enquiries about their shareholding.

BT Shareholder Helpline
Tel Freefone 0808 100 4141
Fax (01903) 833062
From overseas:
Tel +44 1903 833950
Fax +44 1903 833062

General enquiries
British Telecommunications plc
BT Centre
81 Newgate Street
London EC1A 7AJ
England
Tel (0171) 356 5000
Fax (0171) 356 5520
From overseas:
Tel +44 171 356 5000
Fax +44 171 356 5520

Internet

A full list of BT contacts, and an electronic feedback facility, is available on this site.