Holding(s) in Company

RNS Number:9938O
Project Telecom PLC
22 August 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PROJECT TELECOM PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     DEUTSCHE BANK AG AND SUBSIDIARY COMPANIES

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     DEUTSCHE BANK AG

5)   Number of shares/amount of stock acquired.



6)   (N/A%) of issued Class


7)   Number of shares/amount of stock disposed



8)   (N/A%) of issued Class


9)   Class of security

     ORDINARY

10)  Date of transaction

     12.8.03 TO 18.8.03 

11)  Date company informed

     12.8.03 & 18.8.03

12)  Total holding following this notification

     16,767,898
               
13)  Total percentage holding of issued class following this notification

     7.56%

14)  Any additional information



15)  Name of contact and telephone number for queries

     ANTONY DEARDEN
     01636 602639

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification      22 AUGUST 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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