Colt Telecom Group plc announces Statement re. Press Comment

Market Wire, July, 2005

11 July 2005

COLT Telecom Group plc Statement re Press Comment

COLT has noted press coverage of a recent interview with Wolfgang Essig, Managing Director of COLT Germany, in which reference was made to the 15% sales growth target which has been set for that business. This is an internal target and not a revenue forecast. Actual revenue growth in the first half in Germany has been below 5% and nothing discussed in the interview requires a revision of current market expectations for either COLT Germany or the COLT group as a whole.

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About COLT

COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to midsize and major businesses and wholesale customers. It has more than 22,000 customers across all industry sectors. COLT owns and operates a 13-country, 20,000km network that includes metropolitan area networks in 32 major European cities with direct fibre connections into 10,000 buildings and 13 COLT data centres.

COLT Telecom Group plc, COLT's parent company, is listed on the London Stock Exchange (CTM.L) and NASDAQ (COLT). Information about COLT and its services can be found at www.colt.net

For more information, please contact:

Luke Glass                       Gill Maclean
Director, Investor Relations     Head of Corporate Communications
COLT                             COLT
Tel:  44 20 7390 3681            Tel:   44 (0) 20 7863 5314




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