Re Investment

Billam PLC
21 September 2000


The  Directors  of Billam plc today announced it has agreed an  investment  of
£500,000 in Cybit Ltd. for 20% of the issued share capital. Under the terms of
the Agreement Billam plc has taken a six month option to acquire a further 20%
at the same price.

Cybit  Ltd  is the UK's first dedicated independent multi-platform  telematics
bureau  service  provider.   The  Global  market  for  'intelligent  transport
systems' are estimated  by ITS America (1999) to grow to $400 billion by  2015
with  60  million  telematic users forecast by 2005.   The  market  for  fleet
transport  management information systems in the UK alone was recently  valued
by  GEC Marconi to be worth in excess of £8 billion over the next 3 years  and
growth  prospects for qualified entrants to this market are believed,  by  the
Directors of Billam, to be exceptional.

The  investment  in  Cybit Ltd an Application Service  Provider  and  Internet
Service  Provider in this sector totally complements the investments  made  by
Billam plc in IVU Traffic Technologies AG and Tri-Mex Holdings Ltd .


For further information please contact - Peter Hoskins 020 7251 9111