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Press Release -- February 23rd, 2010
Source: Colt Group
Tags:

Regulatory News: TR-1: Notification of Major Interest in Shares

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii
COLT Telecom Group S.A.
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights ü
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
notification obligation:
iii
Orbis Investment Management Limited

4. Full name of shareholder(s)
(if different from 3.):iv

Orbis Investment Management Limited is the investment manager of the following funds which have interests in COLT Telecom Group S.A. as follows:

  • Orbis MIS-Orbis Global Equity Fund 6,592,922 Ordinary Shares
  • Orbis Global Equity Fund 60,606,601 Ordinary Shares
  • Orbis Optimal SA Fund 4,395,985 Ordinary Shares
  • Orbis SICAV-Global Equity Fund 17,035,380 Ordinary Shares

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v
2 July 2009
6. Date on which issuer notified: 22 February 2010
7. Threshold(s) that is/are crossed or
reached:
vi, vii
Shareholding falling below 10%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of  voting rights x
Direct Direct xi Indirect xii Direct Indirect
Ordinary

LU0253815640

90,932,088 90,932,088 88,630,888 88,630,888 9.94%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
xiii
Exercise/
Conversion Period
xiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise price Expiration date xvii Exercise/
Conversion period
xviii
Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
88,630,888 9.94%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14. Contact name: Gill Maclean

Senior Manager, Investor Relations

15. Contact telephone number: +44 (0) 20 7863 5314 coltinvestorelations@colt.net

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