BT Group PLC

In 2017, the U.S. state of California listed BT on its state list of companies under review for Doing Business with the Iran. (https://www.calpers.ca.gov/docs/forms-publications/iran-sudan-divestment-2017.pdf)

BT lists on its website that it has a sales representative in Iran, Sepahan Lifter Company. (BT website, "About Us, BT in the World") (http://www.bt-forklifts.com/En/company/network/Pages/default.aspx)

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Sepahan Lifter company lists on its website that it is functioning under a BT Sweden license. (Sepahan Lifter website, "About Us") (http://www.sepahanlifter.com/Connect/En/Aboutus.aspx?Id=3)

In a letter to CalPERs dated November 3, 2017, BT Group confirmed it is not engaged in the business activities targeted by the California Public Divest from Iran Act.  (https://www.calpers.ca.gov/docs/board-agendas/201809/invest/item06a-00_a.pdf)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> According to its Form 20-F filed with the U.S. SEC on May 31, 2019, "BT has a contract in place with Telecommunication Infrastructure Company (TIC), to make and receive voice calls from Iran to the UK." (SEC, "Form 20-F", 3/31/2019).  (https://www.sec.gov/Archives/edgar/data/820534/000119312519165811/d745397d20f.htm)