Strategic Investment

Billam PLC
23 June 2000

                                       
                   INVESTMENT IN IVU TRAFFIC TECHNOLOGIES AG

The  Company  is pleased to announce a small but strategic Investment  in  IVU
Traffic  Technologies AG of Germany, 300,000 (Three Hundred  Thousand)  Euros.
IVU  is  a  consistently  profitable  company  which  Billam's  Directors  and
Investment  Panel  believe  is poised to shortly realise  its  full  corporate
potential. IVU's IPO on The Neuer Markt is planned for the 7th July 2000

IVU TRAFFIC TECHNOLOGIES AG develops intelligent software and system solutions
* for human mobility
* for the transport of goods and information
* for German and international customers.

IVU's Unique selling points combine

* conventional sector expertise in attractive transport markets with
* proven optimisation procedures for operational cost savings and
* deployment of pioneering innovative products in the areas of traffic
telematics, the Internet and e-business.

IVU is divided into three business units
* Public Services
* Transport Logistics
* Public Transport

IVU Traffic Technologies AG is the market leader in scheduling and information
systems in the German speaking countries and in some other parts of Europe for
public transport, waste management and construction materials market segments.

The  R&D investments of IVU Traffic Technologies AG are oriented to the market
requirements  of  the  future  and  are based  throughout  on  future-oriented
technologies such as
*Internet applications (e.g. GIS Framework and Fleetfinder)
*Traffic Telematics (e.g. Contour Express  using GSM/GPS) and
*Mobile  telecommunications applications (e.g.  TTS  TeleTravel  System  for
 locating mobile phones via GSM )

IVU's R&D projects are funded nationally and internationally by:

* The German Federal Ministry of Education, Science, Research and Technology
* The German Federal Ministry of Transport Building and Housing
* The German Federal Environmental Agency
* The Berlin Senate
* The European Union


IVU's  greatest  asset  is  its  ability to  not  only  predict  technological
developments, but to actively exploit them.
IVU  strongly  emphasises  the development of attractive,  integrated  systems
solutions  which is why it is the German Market leader with products  such  as
Microbus and Contour Express.

More  than 100 transport companies across Europe are using Microbus, based  on
state-of-the-art  software  architecture  but  also  featuring   user-friendly
design.
Contour Express is an online scheduling system especially developed for time -
critical  transport and customer call centres in companies in this sector.  It
integrates   pioneering  technologies  such  as  online  optimisation   mobile
telecommunications and GPS locating. It is already being used as  a  logistics
navigation  system in over 30 central scheduling centres across Germany.  Data
from  over  2000  orders  for more than 60,000 customer  sites  and  from  200
production sites is processed daily.

IVU  sees the use of electronic media for sales tasking e business as being  a
key  to  Global Sales. IVUs expansion of the international sales network  will
primarily  focus on licensing and product sales.IVU has a comprehensive  sales
stategy for the German and International Markets.

IVU  maintains many strategic partnerships with others throughout  Europe  and
the USA e.g. Siemens, BMW, Hacon and Teleride.

* IVU is active in market segments with significant growth potential.
* It is market leader in specific market segments in Europe
* IVU  is  growing  more  rapidly and at a higher rate  than  the  market  in
  strategic segments.

* Patents and experience in traffic telematics make IVU an innovation leader
* The Order books for the year 2000 are currently at c.DM 23 million


The  Directors of Billam plc are currently actively pursuing a number of other
strategic Investment Opportunities.


For further information contact:
Peter Hoskins  020 7251 9111