RNS Number:6891P
Easynet Group PLC
11 September 2003


For immediate release

11 September 2003



                 Easynet Group Plc ("Easynet" or the "Company")

                               Holding in Company


Following the conversion of 44,682,364 convertible ordinary shares in the
Company into ordinary shares in the Company ("Ordinary Shares"), which became
effective on 9 September 2003 (the "Conversion"), Marconi Corporation plc
("Marconi") became beneficially interested in 44,682,364 Ordinary Shares,
representing 40.1 per cent. of the issued ordinary share capital of Easynet, as
enlarged by the Conversion.


Marconi has today informed the Company that, following the placing of Ordinary
Shares announced by Marconi on 4 September 2003, it has today ceased to have an
interest in the issued ordinary share capital of Easynet.


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