Publication of Offering Memorandum

10 February 2010

Announcement

Publication of Offering Memorandum

The following offering memorandum (the Offering Memorandum) has been approved by the UK Listing Authority and is available for viewing:

Sable International Finance Limited US$500 million 7 ¾% Senior Secured Notes due 2017, date 10 Feb 2010

To view the full document, please paste the following URL into the address bar of your browser. http://www.rns-pdf.londonstockexchange.com/rns/9659G_1-2010-2-10.pdf

For further information, please contact:

Sable International Finance Limited Attn: Austin Matthews - Assistant Treasurer 3rd Floor, 26 Red Lion Square London WC1R 4HQ

Telephone : +44 (0)20 7315 4000

Fax : +44 (0)20 7315 5073

Email : [email protected]

DISCLAIMER ‑ INTENDED ADDRESSEES

Please note that the information contained in the Offering Memorandum may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Memorandum) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Memorandum is not addressed. Prior to relying on the information contained in the Offering Memorandum you must ascertain from the Offering Memorandum whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

The notes and the guarantees referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or any relevant securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. Accordingly, the notes are being offered and sold only (1) inside the United States to "Qualified Institutional Buyers", as defined in, and in reliance on, Rule 144A under the Securities Act and (2) outside the US to non-US persons in reliance on Regulation S under the Securities Act. There will be no public offer of the notes in the United States.

This announcement does not constitute an offer to sell or a solicitation to buy in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction and is not intended to provide the basis for any credit or other evaluation of any securities or offering referred to herein.

This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may be lawfully communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Stabilisation/FSA.

About Cable & Wireless

Cable and Wireless plc is one of the world's leading international communications companies. It operates through two standalone business units - Worldwide and Communications.

The Cable & Wireless Worldwide business specialises in the provision of critical communication infrastructure and services for large users of telecommunications. Cable & Wireless Worldwide provides high quality managed voice, data, applications and IP based services to its customers, focusing on larger corporates, multinational companies, governments, carrier customers and telecommunications resellers.

Cable & Wireless Worldwide operates globally, serving large users of telecommunications in the UK, its largest market, as well as Asia- Pacific, India, the Middle East, Africa, Continental Europe and the United States of America.

Cable & Wireless Communications, headquartered in London, operates through four regional business units - the Caribbean, Panama, Macau and Monaco & Islands. It is a full-service telecommunications provider offering mobile, broadband, domestic and international fixed line services, as well as enterprise and managed service telecom solutions.