Replacement with amended: Class of relevant security to which the dealings  'euro 0.10 Ordinary'

                                                                                                                FORM 8.3
                                                            
                        DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
                                             (Rule 8.3 of the Takeover Code)

1.      KEY INFORMATION

 Name of person dealing  (Note 1)                     Pendragon Capital LLP
 Company dealt in                                     Eircom Group Plc
 Class of relevant security to which the dealings     euro 0.10 Ordinary
 being disclosed relate (Note 2)
 Date of dealing                                      Jul 14th 2006

2.      INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

                                               Long               Short      
                                               Number       (%)   Number    (%)
  (1) Relevant securities                                                   
  (2) Derivatives (other than options)         20,009,333   1.9%
  (3) Options and agreements to                                             
  purchase/sell
  Total                                                                     

(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

  Class of relevant security:                       Long               Short      
                                                    Number       (%)   Number    (%)
  (1) Relevant securities -                                                      
  (2) Derivatives (other than options)                                           
  (3) Options and agreements to purchase/sell                                    
  Total                                                                          

(c)     Rights to subscribe (Note 3)

  Class of relevant security:      Details
                                   

3.      DEALINGS (Note 4)

(a)     Purchases and sales

  Purchase/sale              Number of securities      Price per unit (Note
                                                       5)
                                                       


(b)     Derivatives transactions (other than options)

  Product name,     Long/short       Number of securities     Price per unit
  e.g. CFD          (Note 6)         (Note 7)                 (Note 5)
  
  CFD               Long             4,000,000                2.18
(c)     Options transactions in respect of existing securities
(i)     Writing, selling, purchasing or varying

  Product   Writing,    Number of    Exerci   Type,      Expiry    Option
  name,e.   selling,    securities   se       e.g.       date      money
  g. call   purchasin   to which     price    American             paid/receiv
  option    g,          the option            ,                    ed per unit
            varying     relates               European             (Note 5)
            etc.        (Note 7)              etc.
                                                                   

(ii)    Exercising

  Product name,     Number of securities      Exercise price per unit (Note 5)
  e.g. call
  option
                                              

(d)     Other dealings (including new securities) (Note 4)

  Nature of transaction (Note 8)   Details               Price per unit (if
                                                         applicable) (Note 5)
                                                         

4.      OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full  details of any agreement, arrangement or understanding between the person disclosing and any other person relating
to  the  voting  rights of any relevant securities under any option referred to on this form or relating to  the  voting
rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form  is
referenced.  If none, this should be stated.

..........................

..........................


Is a Supplemental Form 8 attached? (Note 9)                                NO


  Date of disclosure                               Jul 17th  2006
  Contact name                                     John Pennells
  Telephone number                                 020 7479 4245
  If a connected EFM, name of offeree/offeror      
  with which connected
  If a connected EFM, state nature of connection   
  (Note 10)
Notes
The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

								
Pendragon Capital Management Ltd