Cable and Wireless plc half-yearly report for the six months ended 30 September 2009

Commenting on the results, Richard Lapthorne, Chairman of Cable and Wireless plc, said:

“Today we have announced a good set of results especially when viewed against the recession. With
the emerging signs of more settled conditions in the financial markets, the Board believes that the
Group is ready to separate into its two operating businesses, Worldwide and CWI and drive further
value for shareholders. We are keen to push ahead as soon as possible and further details will be
published before the end of November.

“Worldwide’s performance in the first half of 2009/10 – growing market share and order book, winning
new customers, strengthening its customer service and generating over £200 million of EBITDA –
says much about how well positioned it is for the future.

“CWI delivered creditable results in the first half of 2009/10, with EBITDA in line with last year at
constant currency. Panama, Macau and Monaco & Islands performed well, each of them increasing
EBITDA year on year – no mean achievement in the midst of a global recession. Since the summer
we have seen further deterioration in the Caribbean economy with no immediate signs of
improvement. Consequently, despite robust management action, we are reducing EBITDA guidance
for 2009/10. Nevertheless, CWI remains strongly cash generative.

“We are continuing with our progressive dividend policy and recommending an interim dividend of 3.16
pence per share – an increase of 12%. Subject to trading in the second half, we expect to pay a full
year dividend of 9.50 pence per share, an increase of 12%, demonstrating our confidence in the
current performance and the future potential of both Worldwide and CWI.”

Documents

Click to view/download – C&W Interim Results Sept 2009 – Presentation

Click here to view the Webcast

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