Sharehldg in IntegriSys Ltd

Billam PLC 6 June 2001 BILLAM PLC Sale and purchase of ordinary shares in IntegriSys Limited to World Life Sciences plc Billam Plc has today sold 6,000 B Ordinary shares in IntegriSys Limited (' IntegriSys'), representing 4% of the issued share capital, at a price of £ 83.33 per share to World Life Sciences plc ('WLS'), a company which is 42% owned by Billam AG, a wholly owned subsidiary of Billam plc. WLS currently has no interest in IntegriSys. The total consideration for the acquisition is £499,980 payable in cash, valuing IntegriSys at £12.5 million. Billam will retain an interest of approximately 2.7% in IntegriSys. At the same time, the existing shareholders of IntegriSys, including Billam Plc and a venture capital fund, MTI, will be increasing their investment in IntegriSys by a further £303,000 each, also at a price of £83.33 per share. IntegriSys offers a biomedical information delivery structure. It supplies information to doctor's computer screens from medical databases and other sources. Using internet push technology, it can deliver data and provide an audit trail. For the 12 months to 30 April 2001, the end of the product development stage, the unaudited management accounts show IntegriSys made a pre-tax loss of £1,214,186 and had net liabilities of £256,377, having written-off all development costs. The investment by Billam and MTI constitutes a mezzanine round of finance in advance of a full second round of funding which is planned for the end of this year at price which is anticipated to be not less that £83.33 per share. The sale of shares in IntegriSys is classified as a related party transaction under the AIM Rules. The independent director of Billam considers that, having consulted with Peel Hunt plc, the terms of the transaction are fair and reasonable insofar as shareholders of Billam are concerned. For further information please contact: Peter Hoskins 020 7702 5544

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