BT files application to cease being a reporting issuer

LONDON, Jan. 17, 2022 (GLOBE NEWSWIRE) — BT Group plc (“LV“) has filed an application with the British Columbia Securities Commission (“BCSC”) as its principal authority in Canada for an order (the “order”) to cease to be a reporting issuer in British Columbia, Quebec and Nova Scotia. BT is not a reporting issuer in any other Canadian jurisdiction.

If the order is granted, BT will cease to be a reporting issuer in Canada and, therefore, will no longer be required to file financial statements and other continuous disclosure documents in Canada under Canadian securities laws. applicable.

BT made this decision to reduce reporting costs and complexity. It will continue to engage positively with Canadian equity and debt investors, and remains committed to its clients operating in Canada.

BT will continue to file all financial statements and other continuous disclosure documents required to be filed by BT in accordance with applicable UK laws and regulations, including the rules of the Financial Conduct Authority and the London Stock Exchange. All of these BT continuous disclosure documents are publicly available to all BT securityholders on the Investor Relations page of BT’s website www.bt.com/about and on the National Storage Mechanism https: //data.fca.org.uk/#/nsm /national storage mechanism. BT securityholders residing in Canada will continue to receive copies of continuous disclosure documents which must be delivered to securityholders in the United Kingdom, in the same manner and at the same time as required by applicable laws and regulations. in the UK, including in accordance with the rules of the Financial Conduct Authority. A concurrent application was filed by British Telecommunications plc (“BT plc”) to the BCSC (as principal regulator) and the Ontario Securities Commission to cease to be a reporting issuer in British Columbia, Ontario and Nova Scotia. BT plc is not a reporting issuer in any other Canadian jurisdiction.

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About BT

BT Group is the UK’s leading network and telecommunications provider and a leading provider of global communications services and solutions, serving customers in 180 countries. Its principal businesses in the UK include the provision of fixed, mobile, broadband and TV (including sports) voice and a range of products and services over converged fixed and mobile networks to consumers, businesses and industry customers. public. For its global customers, BT provides managed services, network and IT infrastructure and security services to support their operations around the world. BT consists of four customer-facing units: Consumer, Enterprise, Global and its wholly-owned subsidiary, Openreach, which provides access network services to over 650 communications provider customers who sell voice, broadband and Ethernet services to individuals and businesses across the UK.

For the year to 31 March 2021, BT Group reported revenue was £21,331 million with reported profit before tax of £1,804 million.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses substantially all of the business and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.

For more information visit www.bt.com/about

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