British Telecommunications public limited company announced the indicative results of its invitations made to the holders of its outstanding EUR 650,000,000 0.500% Notes due 12 September 2025 (ISIN: XS2051494222) and EUR 1,300,000,000 1.750%. Notes due 10 March 2026 (ISIN: XS1377679961) as described in the tender offer memorandum dated 13 June 2024. The Expiration Time for the Offers was 4.00 p.m. (London time) on 19 June 2024.

Settlement is expected to take place on 24 June 2024. The Offeror hereby announced, on a non-binding and indicative basis only, that it will accept for purchase in accordance with the terms and subject to the conditions (including the New Financing Condition) set out in the Tender Offer Memorandum, all Notes validly Offered for Sale pursuant to the Offers, without pro-ration, in an aggregate nominal amount of EUR 454,898,000. The Offeror further announces, on a non-binding and indicative basis only, the aggregate nominal amount of each Series validly accepted for purchase (each a "Series Acceptance Amount") are expected to be as set out in the table below.

EUR 650,000,000 0.500%. Notes due 12 September 2025; ISIN: XS2051494222; Outstanding Nominal Amount: EUR 650,000,000; Indicative Series Acceptance Amount: EUR 230,978,000. EUR 1,300,000,000 1.750 per cent.

Notes due 10 March 2026; ISIN: XS1377679961; Outstanding Nominal Amount: EUR 1,300,000,000; Indicative Series Acceptance Amount: EUR 223,920,000. Determination of the 2025 Notes Interpolated Mid-Swap Rate, the 2026 Notes Interpolated Mid-Swap Rate, the 2025 Notes Repurchase Yield, the 2026 Notes Repurchase Yield, the 2025 Notes Purchase Price and the 2026 Notes Purchase Price will take place at or around 11.00 a.m. (London time). The Offeror will announce the final results of the Offers as soon as reasonably practicable after the Pricing Time.

The Offeror currently expects to make such announcement today. Such announcement will specify (i) whether the Offeror will (subject to satisfaction or waiver of the New Financing Condition) accept any Notes of either Series pursuant to the Offers and, if so accepted, the aggregate nominal amount of each Series so accepted for purchase, (ii) for any Series accepted for purchase, the pricing details, being, as applicable, the 2025 Notes Interpolated Mid-Swap Rate, the 2025 Notes Repurchase Yield, the 2025 Notes Purchase Price, the 2026 Notes Interpolated Mid-Swap Rate, the 2026 Notes Repurchase Yield and the 2026 Notes Purchase Price and (iii) the final Series Acceptance Amounts and pro-ration factors (if any) in respect of each Series.