PJT Project Telecom

RNS Number:6528S
Project Telecom PLC
8 March 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PROJECT TELECOM PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     STANDARD LIFE GROUP

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

     SHAREHOLDER NAMED IN 2 ABOVE

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

     STANLIFE NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     850,000

8)   ( 0.39 %) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     6.3.02

11)  Date company informed

     7.3.02

12)  Total holding following this notification

     8,316,591
               
13)  Total percentage holding of issued class following this notification

     3.80%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MRS GAEL CLARKE
     0870 848 7711

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

     Date of Notification ...8 MARCH 2002.....................


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

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