RNS Number:9157M
Offshore Telecom PLC
27 June 2003

                              Offshore Telecom plc



                               Holding in Company



Offshore Telecom plc has today been notified that on 26 June 2003 Hoodless
Brennan & Partners Plc bought 30,000,000 ordinary shares in the Company
(representing 3.32 per cent. of the issued ordinary share capital of the
Company) and sold 23,025,000 ordinary shares in the Company (representing 2.55
per cent. of the issued ordinary share capital of the Company). It no longer has
a notifiable interest in the Company.



27 June, 2003


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