Stmnt re Share Price Movement

RNS Number:4583N
Project Telecom PLC
11 July 2003



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
AMERICA, CANADA, AUSTRALIA OR JAPAN


11 July 2003

FOR IMMEDIATE RELEASE

Project Telecom plc ("Project Telecom")
Response to Share Price Movement


The Board of Project Telecom notes the recent rise in its share price and
confirms that it has received preliminary approaches which may or may not lead
to an offer being made for the entire issued or to be issued share capital of
Project Telecom.  The Board emphasises that any discussions with the interested
parties are at a very early stage.

A further announcement will be made when appropriate.

Enquiries:

Bankside Consultants
Ian Seaton                                              Telephone: [phone]

The Directors of Project Telecom accept responsibility for the information
contained in this announcement.  To the best of knowledge and belief of the
Directors, who have taken all reasonable care to ensure such is the case, the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.


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