Defend Traditional Q2 -Traditional turnover £m Q2 04/05Q2 03/04 - £64m + £1m - £180m Mobile Termination Private Circuits CallsLinesOther - £3m + £17m No effect on profit + WLR + Interconnect - Payphones Adj'd Q2 03/04 next slide 0%- 16%0%+ 2% - 5% * DSL & WLR substitution offset by re- balancing DQ - £9m - 32% * adjusted for the impact of mobile termination cut £3,807m £3,743m £3,569m
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