Not for release, publication or distribution, in whole or in part, in or into Canada, Australia or Japan. This announcement is not an extension of a tender offer in Canada, Australia or Japan.
(Oslo, 11. Jan 2000) The Board of Telenor Ireland notes the announcement by British Telecommunications plc ("BT") of a recommended cash offer for Esat Telecom Group plc ("Esat") for US$ 100 for each Esat ADS. This represents a price which Telenor Ireland does not believe it would be appropriate to pay. Accordingly, it will not be extending its offer of US$ 85 per ADS beyond 14 January 2000.