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CLEAR On Track To Deliver Profitable Growth

9 November 2000

CLEAR Communications this evening confirmed its business focus and growth strategy remain unaffected, following BT's announcement today of its latest results and its plan to refocus its geographic expansion within Western Europe and Japan.

CLEAR Communications Chief Executive Peter Kaliaropoulos said the company continued to focus on delivering profitable growth and pursuing high growth, high-value segments, leaving equity issues to its shareholder.

"Our focus remains on accelerating the implementation of business plans to create more value for our customers, greater shareholder wealth and increased staff satisfaction," he said.

"We are focusing on growing our customer base and our revenues through expanding our national network and developing innovative products and services in the broadband access and ebusiness areas."

Mr Kaliaropoulos said CLEAR also intended to further accelerate growth by leveraging its very valuable brand in the Australian market.

There was already evidence CLEAR's strategy was successful, with revenues up 15 per cent so far this year, he said. CLEAR was on track to meet its demanding profit targets this financial year.

ENDS

For further information contact Rochelle Lockley Communications Manager - Commercial CLEAR Communications Ph: (09) 912 4104 Office Ph: (021) 763 784 Mobile


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