1. www.btinterconnect.com STANDARD INTERCONNECT AGREEMENT REFERENCE OFFER (DECEMBER 2003) 29 th January 2004

2. www.btinterconnect.com STANDARD INTERCONNECT AGREEMENT REFERENCE OFFER (DECEMBER 2003) Keith Mitchinson SCF 29th January 2004

3. www.btinterconnect.com STANDARD INTERCONNECT AGREEMENT REFERENCE OFFER (DECEMBER 2003) GENERAL Narrowly focussed New regime (e.g. PECN, “Condition”) Overhang of old-regime (DG, BT Licence, Schedule 2 Public Operator etc)

4. www.btinterconnect.com STANDARD INTERCONNECT AGREEMENT REFERENCE OFFER (DECEMBER 2003) MAIN BODY Recitals Commencement and Duration (2.2) New Services (8) Provision of information (10.9) CLI (11) BT Services (12.2) [Notice Address (28)]

5. www.btinterconnect.com STANDARD INTERCONNECT AGREEMENT REFERENCE OFFER (DECEMBER 2003) DEFINITIONS (ANNEX D) new amended deleted

6. www.btinterconnect.com STANDARD INTERCONNECT AGREEMENT REFERENCE OFFER (DECEMBER 2003) ANNEX C - SCHEDULE 104A Definitions Para 1.2 notification of price changes – all now 7 days Para 2.8 provision for network management Para 2.11/2.13 BT rights to cease conveying traffic after notice Para 2.14 BT right to vary Competitive IDD T&Cs at 7 days notice Para 3.3 removal of references to “Fixed Volumes” Appendix 104A.1 removal of references to/provisions for “Fixed Volumes”

7. www.btinterconnect.com STANDARD INTERCONNECT AGREEMENT REFERENCE OFFER (DECEMBER 2003) PROCESS Reference offer 19 December 2003 [To do: BT New Service Guidelines] [To do: Address Service Level Commitments] Review Notice under paragraph 19.1.1/19.1.2 Negotiation with representative group/pan-industry briefing and feedback Bilateral offers Agree or register as contract dispute