RNS Number:5216G
Merrill Lynch International
1 March 2000




                              FORM 38.5 (SUMMARY)                             
                   

Lodge with Company Announcements Office and the Panel.  Use a separate form   
                                             
for each class of securities in which dealings have been made.                
                                


                       CONNECTED EXEMPT MARKET-MAKERS:                        
                        
    DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS      
                                          



Name of EMM               Merrill Lynch International                         
          


Date of disclosure        March 1, 2000                                   


Contact name              Linda Blatt                                   


Telephone number          0171 772 1040                                    


Please see attached disclosure of dealings under Rule 38.5 in the securities  
                                              
of the following companies:                                                 

Thompson CSF                                                 

Cable & Wireless Plc                                                 

BTP Plc                                                 

Cable & Wireless Communications Plc                                           
     
                                                 
                               
AMENDMENT                                                 

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
                                                
state which element(s) of previous disclosure was incorrect:                  
                              

                                                 
In the case of option business or dealings in derivatives full details should 
                                               
be given on a separate sheet so that the nature of the dealings can be fully  
                                              
understood.  For options this should include the number of securities under   
                                             
option, the exercise period (or in the case of exercise, the exercise date),  
                                              
the exercise price and any option money paid or received.  For derivatives    
                                            
this should include, at least, the number of reference securities to which    
                                            
they relate (when relevant), the maturity date (or if applicable the closing  
                                              
out date) and the reference price.                                            
    

For full details of disclosure requirements see Rules 8 and 38 of the Code.   
                                             
If in doubt contact the Monitoring Section of the Panel,                      
                          
Tel. No: 0171 638 0129                                                 

                                                 
                                                 
                                                 
                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           
                                                 
                                                 
                                                 
Dealing in                      Thomson CSF    (name of company)       
                                                 
Class of security               Ordinary                                   
                                                 
Date of disclosure              1/3/2000                                   
                                                 
Date of dealing                 29/2/2000                                   
                                                 
Name of EMM                     Merrill Lynch International                   
                             
                                                 
Name of offeree/offeror with whom connected Racal Electronics plc             
       
                                                    
Total number of securities purchased                            15,903        
            
                                                 
Highest price paid*                                             EUR 41.27     
               
                                                 
Lowest price paid*                                              EUR 40.96     
               
                                                 
Total number of securities sold                                 17,494        
            
                                                 
Highest price received*                                         EUR 41.00     
               
                                                 
Lowest price received*                                          EUR 41.25     
               
                                                               
*Currency must be stated                                                 
                                                 
                                                 
                                                 
                                FORM 38.5                                     
           
                                                 
                                                 
                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           
                                                 
                                                 
                                                 
Dealing in                      Cable & Wireless  plc                         
                                (name of company)       
                                                 
Class of security               ADR                                   
                                                 
Date of disclosure              1/3/2000                                   
                                                 
Date of dealing                 29/2/2000                                   
                                                 
Name of EMM                     Merrill Lynch International                   
                             
                                                 
Name of offeree/offeror with whom connected Cable & Wireless Comms plc        
            
                                                 
                                                 
                                                 
                                                 
                                                 
Total number of securities purchased                            NIL           
         
                                                 
Highest price paid*                                             N/A           
         
                                                 
Lowest price paid*                                              N/A           
         
                                                 
                                                 
                                                 
                                                 
                                                 
Total number of securities sold                                 78,000        
            
                                                 
Highest price received*                                         63.88         
           
                                                 
Lowest price received*                                          60.75         
           
                                                 
*Currency must be stated                                                 

                                                 
          
                                                               FORM 38.5        
                      
                 


                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      Cable & Wireless Plc  (name of company)

Class of security               Ordinary                            

Date of disclosure              1/3/2000                            

Date of dealing                 29/2/2000                            

Name of EMM                     Merrill Lynch International                   
                      

Name of offeree/offeror with whom connected Cable & Wireless  Comms Plc       
      





Total number of securities purchased                            5,046,911     
 
                                   
Highest price paid*                                             #13.80       
                                   
Lowest price paid*                                              #12.40       
                                   
                                   
                                   
                                   
                                   
Total number of securities sold                                 4,850,360     
 
                                   
Highest price received*                                         #13.80       
                                   
Lowest price received*                                          #12.40       



*Currency must be stated                                                 
                                                 
                                                 
             
                                                          FORM 38.5             
                   


                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      BTP plc    (name of company)       

Class of security               Ordinary                     

Date of disclosure              1/3/2000                     

Date of dealing                 29/2/2000                     

Name of EMM                     Merrill Lynch International                   
               

Name of offeree/offeror with whom connected BTP plc       





Total number of securities purchased                            4,234       
                                   
Highest price paid*                                             #5.90       
                                   
Lowest price paid*                                              #5.90       
                                   
                                   
                                   
                                   
                                   
Total number of securities sold                                 Nil       
                                   
Highest price received*                                         n/a       
                                   
Lowest price received*                                          n/a       



*Currency must be stated                                                 
                                                 
             
                                                          FORM 38.5             
                                                


                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     



Dealing in                      Cable & Wireless Comms plc  (name of company) 
     
                                                 
Class of security               Ordinary                                   
                                                 
Date of disclosure              1/3/2000                                   
                                                 
Date of dealing                 29/2/2000                                   
                                                 
Name of EMM                     Merrill Lynch International                   
                             
                                                 
Name of offeree/offeror with whom connected Cable & Wireless Comms plc        
            
                                                 
                                                 
                                                 
                                                 
                                                 
Total number of securities purchased                            650,607       
             
                                                 
Highest price paid*                                             #10.82        
            
                                                 
Lowest price paid*                                              #10.40        
            
                                                 
                                                 
                                                 
                                                 
                                                 
Total number of securities sold                                 166,046       
             
                                                 
Highest price received*                                         #10.80        
            
                                                 
Lowest price received*                                          #10.44        
            
                                                 
                                                 
                                                 
*Currency must be stated                                                 
                                                 


END

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