BT 2006 Annual Report Download - page 135

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this annual report are forward-looking and are made in reliance on the safe harbour provisions of the US
Private Securities Litigation Reform Act of 1995. These statements relate to analyses and other information which are based on
forecasts of future results and estimates of amounts not yet determinable. These statements include, without limitation, those
concerning: BT’s transformation strategy and its ability to achieve it; expected cost savings; growth of, and opportunities available
in, the communications industry and BT’s positioning to take advantage of those opportunities; expectations regarding
competition, market shares, prices and growth; expectations regarding the convergence of technologies; growth and opportunities
in new wave business (such as networked IT services, broadband and mobility); BT’s network development and plans for the
21st century network; plans for the launch of new products and services; network performance and quality; the impact of
regulatory initiatives on operations, including the regulation of the UK fixed wholesale and retail businesses and the impact of the
Undertakings to Ofcom under the Enterprise Act; BT’s possible or assumed future results of operations and/or those of its
associates and joint ventures; BT’s future dividend policy; capital expenditure and investment plans; adequacy of capital; financing
plans; demand for and access to broadband and the promotion of broadband by third-party service providers; and those preceded
by, followed by, or that include the words ‘aims’, ‘believes’, ‘expects’, ‘anticipates’, ‘intends’, ‘will’, ‘should’ or similar
expressions.
Although BT believes that the expectations reflected in these forward-looking statements are reasonable, it can give no
assurance that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual
results may differ materially from those expressed or implied by these forward-looking statements.
Factors that could cause differences between actual results and those implied by the forward-looking statements include, but
are not limited to: material adverse changes in economic conditions in the markets served by BT and its lines of business; future
regulatory actions and conditions in its operating areas, including competition from others; selection by BT and its lines of business
of the appropriate trading and marketing models for its products and services; technological innovations, including the cost of
developing new products, networks and solutions and the need to increase expenditures for improving the quality of service; the
anticipated benefits and advantages of new technologies, products and services, including broadband and other new wave
initiatives not being realised; developments in the convergence of technologies; prolonged adverse weather conditions resulting in
a material increase in overtime, staff or other costs; the timing of entry and profitability of BT and its lines of business in certain
communications markets; significant changes in market shares for BT and its principal products and services; fluctuations in
foreign currency exchange rates and interest rates; and general financial market conditions affecting BT’s performance. Certain of
these factors are discussed in more detail elsewhere in this annual report including, without limitation, in Group risk factors.BT
undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or
otherwise.
Additional information for shareholders BT Group plc Annual Report and Form 20-F 2006 133