Datanet Holdings Limited Acquired

365 Corporation PLC 3 February 2000 365 Corporation plc acquires Datanet Holdings Limited for £31,084,500 to strengthen its position as a leading provider of sports and entertainment content. Datanet brings to 365 Corporation plc ('365'): + A range of high quality content and services, including Planet Rugby, Planet F1, Racetips, Cricketline, Sportszine and Planet-Trivia. + Experienced and complementary management team. + Over 300,000 unique users (December 1999). + Multi-platform distribution capability. + Complementary statistical database products and expertise. + Strategic partnerships with major portals and ISPs. + Growing Internet revenues. 365 Corporation plc, the provider of content, community and communications services across multiple digital platforms, announces that it has entered into an agreement to acquire the entire issued share capital of Datanet Holdings Limited, the holding company of Datanet Marketing Services Ltd ('Datanet'). Datanet, which was founded in 1995, is one of the most successful and well- established companies in its market, producing a range of high quality digital sports and entertainment content. Its extensive portfolio includes Planet Rugby, one of the foremost rugby sites on the web. Following on from 365's acquisition of RugbyRugby.com in December 1999 and the success of rugby365.com, which produced and hosted the ITV 1999 Rugby World Cup web site, the acquisition ensures 365's dominance in the online global rugby market. In addition, London-based Datanet has developed high quality products in Cricket, Formula 1 and Horse Racing with unique statistical and editorial content and top contributors such as South African cricketer Allan Donald and rugby's former world record points holder Michael Lynagh. Datanet's entertainment division runs a network of live multi-player trivia games under the Planet Trivia brand. The network enables thousands of users to compete against each other in real time in a global trivia challenge. Planet Trivia can now be delivered across 365's multiple digital platforms. Datanet has content distribution deals with a number of the leading portals and ISPs and is currently producing the software and technology to deliver its content across multiple platforms. The total consideration for Datanet is £31,084,500, to be satisfied as to the issue of 12.42 million new 365 ordinary shares at a closing mid-market price of £2.325 as at 2 February 2000 and £2,208,000 in cash. The consideration will be adjusted to the extent that net current liabilities or net liabilities of Datanet exceed £250,000 at the completion. During December 1999, the Datanet sites attracted over 300,000 unique users generating over 1 million user sessions. Unaudited management accounts for Datanet show net liabilities of £340,851 as at 31 January 2000, and a loss of £638,890 in respect of the ten months ending 31 January 2000. The acquisition is conditional upon receipt of certain clearances from the Inland Revenue by the current Datanet shareholders, which are expected to be received shortly. Datanet Holdings management shareholders Nick Roberts and Richard Pembroke will remain with the company to integrate and develop the enlarged group's products and revenues. Commenting on the acquisition, Dan Thompson, Chief Executive Officer of 365, said: 'Datanet share our passion for and commitment to providing market leading multi-channel services. The combination of 365 and Datanet provides an unparalleled range of best of class services to the end user, particularly in the sports arena. Our expanded content offerings, and the size of our combined audience, provide a strong platform as we continue to develop revenue streams such as ad sales and sponsorship, first and third party e-commerce, wireless applications and betting. We warmly welcome the Datanet team and look forward to working with them.' Nick Roberts, a co-founder of Datanet, added: 'We have long shared 365's strategy regarding the convergence of digital mediums. Bringing together our companies creates a group with the breadth of content, skills and technology to ensure we remain at the forefront of the industry. We are excited to be part of a successful dynamic management team.' Danny Kelly, Publishing Director of 365 added: 'I truly believe that the combination of 365's news coverage and editorial style, and Datanet's more statistically-based products and services has outstanding potential. This combination of skills is unique and will bring our customers an even greater experience.' Enquiries: 365 Corporation plc Tel: 0171 505 7800 Dan Thompson, Chief Executive Officer www.365corp.com Financial Dynamics Tel: 0171 831 3113 Giles Sanderson Edward Bridges NOTES FOR EDITORS 365 Corporation plc CURRENT CONTENT AND SERVICE OFFERINGS Consumer + Sport Football -www.football365.com and www.futbol365.com and www.football365.fr Football content is provided on three web sites, each in a different language. The English language site is branded Football365 and is one of the leading football web sites in the world. Futbol365 is a Spanish language web site. In 1999 365 acquired C-Sports Communication SA, the creators of cfoot.com, a leading French football web site, now branded www.football365.fr. Football content is also being leveraged on a cross platform basis via TalkFootball365, the recently launched telephone and Internet service (www.talkfootball365.com). This service allows users to leave voice messages for other users to respond to, to discuss football with other users and to hear their views on news items provided from the Football365 website, which may include the personal views of Danny Kelly and Andy Gray. Cricket - www.cricinfo365.com Through its joint venture with CricInfo (one of the world's largest single sports web sites), 365 produces a daily e-mail publication - CricInfo365. Rugby - www.rugby365.com Rugby365 was launched in August 1999, in anticipation of the Rugby World Cup. The service is based in South Africa and produced in four language versions (English, French, Spanish and Afrikaans). Contributors to Rugby365 are some of the top rugby players in the world. During the 1999 Rugby World Cup, Rugby365 partnered with ITV to produce their Rugby World Cup site. 365 established a North American presence in December 1999 with the acquisition of e-Merchants Inc. and the website, www.rugbyrugby.com. + Entertainment Music - www.music365.com Music365 was launched in November 1998 and provides reviews of albums and singles, interviews with artists and personalities and topical stories. It also provides an on-line chat forum for users to express their views on current music issues. In addition, the web site offers on-line shopping facilities for users to purchase concert tickets, CDs and videos. Music365 provides the content for the Freeserve Music channel and has an arrangement with the BRITs to provide the official BRIT Awards' web site and online voting facility. Competitions - www.win365.co.uk 365 launched 'Win365' in September 1999, a cross-platform competition based product. Television Most recently the company created a new division, 365Television. The first production, a documentary on boxer Mike Tyson's UK fight, was commissioned by the BBC and recently aired on BBC Choice and BBC2. + Lifestyle Companionship - www.personals365.com The primary content in the lifestyle sector is companionship. 365's lifestyle services provide the community forum for users to socialise with other people or establish relationships. Historically these services have been phone- based, but in October 1999, 365 launched, as part of its convergence strategy, Personals365, an on-line companionship product, and more recently a multi- platform product www.theswitch.co.uk. Advisory services 365 has an agreement with Infogenie to provide telephone-based services to users. 365 provides telephone lines and systems and Infogenie procures the advisory services, currently for legal services and veterinary services. Business The Business Division provides communication services and Internet applications to small and medium sized enterprises in the UK and Ireland. It aims to provide a 'one stop shop' of communications services and Internet applications to its customers. 365 currently provides voice and data access, telephone systems, mobiles, Internet access and related hardware. In order to work towards national coverage, 365 has formed equity joint ventures with 12 telecom systems dealers across the UK. Under these arrangements, 365 contributes its expertise and access to its customer service and billing infrastructure, while the dealer contributes local sales and marketing expertise. The existing customer base of the joint venture partners provides the initial target for 365's marketing efforts. Datanet Marketing Services Ltd + Planet Rugby: http://www.planet-rugby.com A market leading online rugby resource including breaking news, unique statistics and world class contributors such as Stephen Jones and Michael Lynagh + Racetips: http://www.racetips.com A site dedicated to Horse Racing giving the inside track on news, form and the horses to follow. + Planet F1: http://www.planet-f1.com Unique resource for the world of Formula 1 featuring news, features and a searchable archive of every race in F1 history. + Cricketline: http://www.cricketline.com A leading site for International cricket boasting the complete scorecards of every Test match ever played and an exclusive column from South African legend Allan Donald + Planet Trivia: http://www.planet-trivia.com A network of live, multiplayer trivia games where users can compete in real time against anyone else in the world on a variety of topics including television, education, history, entertainment and sport and win prizes. + Sportszine UK: http://www.sportszine.co.uk A complete guide to sport on the Internet through a searchable database of over 40,000 individually reviewed websites. + Sportonair.com: http://www.sportonair.com The UK's first dedicated sports audio website with hourly news, features and interviews.

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