Result of EGM

FOR IMMEDIATE RELEASE

29 December 2004

                             EGM Resolution Passed                             

The Board of betinternet.com plc, (`betinternet' or `the Company') the global
on-line gaming group, confirms that the resolution proposed at today's
Extraordinary General Meeting (`EGM') has been passed.

As a result of this the Company is now pleased to be able to proceed with the
placing of 20 million new Ordinary Shares with Burnbrae Limited (`Burnbrae') at
a price of 4p per share to raise a total of £800,000 for the Company before
costs. In addition, the Burnbrae 6% convertible loan of £200,000 will convert
to 5 million new Ordinary Shares in the Company. The placing and loan note
conversion will increase the holding of Burnbrae and its connected parties to
34.72 per cent. of the issued ordinary share capital.

The Board believes that the raising of this additional financing will enable
the Company to move ahead with exciting developments in the Euro Off-Track,
pari-mutuel wagering business, as well as supporting the Sports Book division.

The Annual General Meeting of betinternet will take place at 2.00pm on Thursday
6 January 2005 at which the Company will provide a trading update.

                                     ENDS                                      

For further information:

betinternet.com plc Tel: [phone]

Paul Doona, Managing Director

Williams de Broë plc Tel: [phone]

Joanne Lake

Waughton Tel: [phone]

Robin Hepburn