Holding(s) in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Cable and Wireless plc

2. Reason for the notification  (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights 

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________

3. Full name of person(s) subject to the notification obligation:

BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See Section 9 for further information.

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

Hermes Focus Asset Management Limited

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

25 July 2008

6. Date on which issuer notified:

28 July 2008

7. Threshold(s) that is/are crossed or reached:

4%

8. Notified details:

A: Voting rights attached to shares

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 viii

Number of shares 

Number of voting rights ix

% of voting rights

Direct

Direct x

Indirect xi

Direct

Indirect

Ord 25p

GB0001625572

0162557

124,841,272

124,841,272

0

0

124,291,272

0%

4.987%

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

124,291,272

4.987%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Fund Managers Limited. Hermes Fund Managers Limited is the parent undertaking of:

Hermes Equity Ownership Services Limited (voting rights held in this issuer: 0.925%)

Hermes Investment Management Limited (voting rights held in this issuer: 0.00%)

Hermes Focus Asset Management Limited (voting rights held in this issuer: 4.062 %)

Please see Section 13 for further information.

Proxy Voting:

10. Name of the proxy holder:

See Comment in Section 13

11. Number of voting rights proxy holder will cease to hold:

See Comment in Section 13

12. Date on which proxy holder will cease to hold voting rights:

See Comment in Section 13

13. Additional information:

Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in agreements for the provision of voting services to various underlying clients for the purposes of DTR 5.2.1(h), which includes all the shares owned directly by BT Pension Scheme.

Hermes Investment Management Limited hold the voting rights under a standing proxy contained ininvestment management agreements with variousunderlying clients for the purposes of DTR 5.2.1(h).

All voting rights held on behalf of the above entities are aggregated for the purposed of DTR 5.2.1(e).

This disclosure is made by BT Pension SchemeTrustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e).

14. Contact name:

 Catriona Fletcher

15. Contact telephone number:

020 7315 4660

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)

BT Pension Scheme Trustees Limited 

Contact address (registered office for legal entities)

1 Portsoken Street, London E1 8HZ

Phone number 

020 7702 0888

Other useful information (at least legal representative for legal persons)

BT Pension Scheme Trustees Limited is the parent undertaking of the group of companies subject to the notification obligation as indirect holders of voting rights for the purpose of DTR 5.2.1(a) and 5.2.1(e).

B:  Identity of the notifier, if applicable xvii

Full name 

 Cable and Wireless plc

Contact address 

3rd Floor, 26 Red Lion Square, London WC1R 4HQ

Phone number 

020 7315 4660

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information