Response to Press Speculation

17 October 2012

RESPONSE TO PRESS SPECULATION

Further to recent press speculation, Cable & Wireless Communications Plc ("CWC") confirms that it is in discussions with CITIC Telecom International Holdings Limited ("CITIC") regarding a potential sale of its 51% shareholding in Companhia de Telecomunicações de Macau S.A.R.L. ("CTM") in Macau. CITIC is a 20% shareholder in CTM.

At this point there can be no certainty that the discussions will lead to a transaction. A further announcement will be made, if appropriate, in due course.

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About Cable & Wireless Communications

Cable & Wireless Communications is a global full-service communications business. We operate leading communications businesses through four regional units - the Caribbean, Panama, Macau and Monaco & Islands. Our services include mobile, broadband and domestic and international fixed line services in most of our markets as well as pay TV, data centre and hosting, carrier and managed service /social telecom (telecom enabled public services) solutions. Our operations are focused on providing our customers - consumers, businesses, governments - with world-class service. Serving the communities where we operate is at the heart of our approach, and we are committed to behaving in an ethical and socially responsible manner. For more information visit www.cwc.com.

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