COLT: In the Year of Monkey

Transactions in CTM Shares since July 2004

Shares / Amount of Stock Acquired;
29 July 2004; 4,230,304 COLT INC
29 July 2004; 4,230,304 Fidelity Investors
11 Aug 2004; 500,000 Fidelity International
17 Aug 2004; 200,000 Colt Telecom Plc
17 Aug 2004; 387,577 Colt Inc (transfer from The Colt Inc. 2001 Annuity Trust)
31 Aug 2004; 500,000 JEAN-YVES CHARLIER Plus extra 250,000 in 1 for 2 matching share grant; plus an Option to buy 800,000 at £0.38. (See Below)
8 Sept 2004; 823,714 Colt Telecom Inc – Annuity Trust
20 Sept 2005; 200,000 Tony Bates
4 Oct 2004; 100,000 Vincenzo Damiani (Shares Purchased See Bonds Sold at same time)
1 Nov 2004; 1,000,000 Fidelity International;
14 Dec 2004; 25,852 Andreas Barth (41,961 shares after notification)
14 Dec 2004; 24,704 Vincenzo Damiani (166,866 shares after notification)
14 Dec 2004; 19,888 Hans Eggerstedt (39,094 shares after notification)
14 Dec 2004; 19,888 Robert Hawley (83,542 shares after notification)
14 Dec 2004; 24,704 H. Frans van den Hoven (107,117 shares after notification)
31 Dec 2004; 200,000 John Joseph Remondi (Dorothy A. Remondi’s Spouse)


Director/insider Shares/Amount of Stock Disposed of;
None

Director/insider Bonds Sold
4 Oct 2004; 145,000 Vincenzo Damiani sol Euro 320M 7.625% High Yield Snr Notes (Shares Purchased at same time see above)

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31 August 2004

COLT TELECOM GROUP PLC

JEAN-YVES CHARLIER PURCHASES 500,000 COLT SHARES

COLT Telecom Group plc (COLT), a leading pan-European provider of business communications solutions and services confirmed today that Jean-Yves Charlier has joined the Company as President, Chief Executive Officer and Director of COLT. This appointment was originally announced on 21 July 2004.

As a mark of his confidence in the future success of COLT, Jean-Yves Charlier has purchased a beneficial holding of 500,000 COLT ordinary shares, which represents 0.03% of the issued share capital of the Company. In recognition of this investment, and subject to the approval of the Compensation Committee, Jean-Yves Charlier has been awarded a 1 for 2 matching share grant of 250,000 shares. Subject to performance conditions being met, the grant will become unconditional after three years. In addition, he has been granted an option over 800,000 COLT ordinary shares at an option price of #0.38 per share. Subject to performance conditions being met, 50% of the option is exercisable after three years, 25% of the option is exercisable after four years and the remaining 25% of the option is exercisable after five years.