Note to readers of the BT Annual Report on Form 20-F
outside North America
("Non-North American Readers")


The 1998 BT Annual Report on Form 20-F has been prepared solely to meet the requirements of US and Canadian law and regulation.
Non-North American Readers may only make use of the Report in accordance with the following conditions:

  • The Report is not intended nor should it be treated as an investment advertisement, but instead exclusively as general background about BT.
  • Non-North American Readers must not rely upon the fact the fact that anything is included in or omitted from the Report in relation to any decision to do or refrain from doing anything (including dealing, or refraining from dealing, in any securities) or for any other purpose.

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