Acquisition(s)

FOR IMMEDIATE RELEASE

29 April 2003

                       ACQUISITION OF ODDSALIVE LIMITED                        

betinternet.com plc, ('betinternet' or 'the Company') the global on-line gaming
group, today announces the acquisition of Oddsalive Limited ('Oddsalive'), a
Malta based on-line bookmaker, that specialises in soccer wagering across a
wide selection of Scandinavian markets, as well as international sports.

betinternet is acquiring 100% of the issued share capital of Oddsalive for US
$1 (one US dollar). In addition, the Company is also providing guarantees that
customer deposits and trade creditors will be honoured. Arrangements with the
vendors will ensure that the cost to betinternet is capped at $700,000 (£
440,000).

The Company has entered into an `earn-out' arrangement with the vendors,
including the management team of six individuals, whereby gross profit less
marketing costs are split 80/20 in favour of betinternet during the first two
years of new ownership.

The `earn-out' has been capped at $1m over a maximum 2 year period, and,
furthermore, is only payable once betinternet has recovered its cash injection,
estimated to be $500,000 (£314,000), which Oddsalive will receive following
completion. The acquisition will be funded by betinternet from existing cash
resources, which at 31 March 2003 exceeded £2m.

Oddsalive has 14,000 registered customers, of which approximately 4,500 have
placed wagers in the last three months. In its latest financial year it
generated revenues of $10.9m (£6.86m). Oddsalive has strong market awareness in
Norway and other Scandinavian markets. The acquisition of Oddsalive has been
approved by the Lotteries & Gaming Authority of Malta.

This transaction will strengthen the range of international sports and
languages that betinternet can provide to its existing customer base of
approximately 41,000, as well as providing systems enhancements and more
extensive wagering opportunities for the Oddsalive customer base. betinternet
intends to re-brand Oddsalive in due course. The technical infrastructure of
Oddsalive will also be migrated to betinternet; the cost of this integration is
not expected to exceed $50,000.

Commenting on the acquisition, betinternet Managing Director, Paul Doona said:
'As one of the strategic initiatives alluded to at the time of our interim
results, the acquisition of Oddsalive is an excellent first step in our aim of
broadening our geographical reach and increasing our customer base.

'Oddsalive customers will benefit from being able to access the superior
diversity of wagering opportunities available through betinternet, and our
existing customer base will also benefit from a whole new range of Scandinavian
sports.'

Paul Doona also commented on current trading saying: 'Like the rest of the
bookmaking industry, betinternet had a disappointing March, and the profit for
the twelve month period to 1 June 2003, is, therefore, likely to be less than
previously forecast. Nevertheless, I am pleased to confirm that the Company
remains on track to record its maiden profit, since listing on AIM in May
2000.'

                                     ENDS                                      

For further information:

betinternet.com plc Tel: [phone]

Paul Doona, Managing Director

Waughton Tel: [phone]

Robin Hepburn/Sorrel Davies