Substantial shareholdings

At 14 May 2008, BT had received notifications from Invesco Limited, Legal & General Group plc, Barclays PLC and Brandes Investment Partners LLC, under the Disclosure and Transparency Rules issued by the Financial Services Authority, in respect of holdings of 393,297,674 shares, 393,009,200 shares, 360,935,363 shares and 330,627,819 shares respectively, representing holdings of 5.08%, 4.69%, 4.66% and 4.27% of BT’s total voting rights.

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