Cable & Wireless (LIME) – Dividend to be considered

The annual general meeting of the company will consider an interim dividend of eleven cents per stock unit in respect of the year March 31, 1999. Payment date is January 28, 2000 to shareholders registered as at December 15, 1999. An increase in the authorised share capital of the company from $9,600,000,000 to $11,300,000,000 by the creation of 1,700,000,000 ordinary shares of $1.00 each will also be considered.