Cable and Wireless Communications : Circ re. Acquisition of Columbus International Inc

CABLE & WIRELESS COMMUNICATIONS PLC

("CWC" or the "Group" or the "Company")

19 November 2014

Publication of Circular

CWC announced on 6 November 2014 that it had agreed terms to purchase 100 per cent. of the equity of Columbus International Inc, a leading privately-owned fibre-based telecommunications and technology services provider operating in the Caribbean, Central America and the Andean region, for USD1.85bn (the "Acquisition ").

A circular will be posted to shareholders today which contains further details of the Acquisition (the "Circular ").

The Circular contains the formal notice of meeting for the general meeting and, in the event that the Acquisition is to be effected by way of scheme of arrangement (the "Scheme "), the Court meeting. The Acquisition would only be effected by way of the Scheme if the consent of the holders of Sable International Finance Limited's bonds to the Acquisition is not obtained. The bondholder consent process is continuing and the outcome is expected to be announced by the Company on Thursday 20 November 2014.

The Circular is available on the Company's website (www.cwc.com ) and will be submitted to the National Storage Mechanism, where it will shortly be available for inspection at www.morningstar.co.uk/uk/NSM .

Copies of the Circular along with forms of proxy will be posted to shareholders who have opted to receive paper copies of shareholder communications from the Company. Where shareholders have elected to receive communications from the Company in electronic form (including the ability to vote and appoint proxies for meetings of the Company electronically), the Company's registrar will send an email notification alerting such shareholders to the availability of the Circular on the Company's website and instructions of how to appoint an electronic proxy and vote electronically. Where shareholders have elected to receive paper communications but have not elected to vote or appoint proxies for meetings of the Company electronically, a written notice of availability will be circulated to shareholders alerting them to the availability of the Circular on the Company's website, and forms of proxy will be posted to such shareholders. Where shareholders have elected or are deemed to have elected to receive communications from the Company in electronic form but the Company does not have such shareholders' email addresses, the Company will post the forms of proxy along with a notification to such shareholders to alert them of the availability of the Circular on the Company's website.

Copies of the Circular are also available at the Company's registered address.

Capitalised terms used in this announcement have the meanings given to them in the Circular.

For further information please contact:

Cable & Wireless Communications Plc

Kunal Patel                   +44 (0) 20 7315 4083

Mike Gittins                  +44 (0) 20 7315 4184

Evercore (Sponsor)

Bernard Taylor               +44 (0) 20 7653 6000
Julian Oakley                +44 (0) 20 7653 6000