AGM Statement

Telme.Com PLC
27 July 2001


                      TelMe.com plc
                            
                      AGM Statement
                            
Reviewing  the  first  quarter of the  Group's  financial
year, that is the three months to 30 June:

*  Both  the  Corporate Travel and the  Online  divisions
performed  ahead of target during this period, confirming
our  positive  view of the quality of their products  and
services.

*   The   CRM   division,  which  derives  a  substantial
proportion  of  its  revenue  from  high  value   service
contracts, experienced some slowing in the closing of new
orders  in this quarter.  The Board thinks this  reflects
that  many  companies are currently cutting back  on  new
services expenditure they feel able to defer.

Compared  to the first quarter of the previous  financial
year:

* Group turnover was marginally higher.

*  Group  gross  margins were better as  a  result  of  a
greater proportion of higher margin business.

*  Group operating expenses were lower despite increasing
sales resource in the CRM business.  This was a result of
the  absence of the one off launch costs of TelMe  Global
Traveller  which were £400,000 in the first quarter  last
year,  and because of rationalisation that took place  at
the end of the last financial year.  Underlying operating
expenses are marginally higher than last year.

With  regard  to the present picture, your directors  are
able to reiterate what they said in the Annual Report and
Accounts  issued  last  month.   They  are  confident  of
continued   progress   during  the   current   year.    A
challenging  budget has been set to achieve profitability
(that  is  operating profit before writing off  goodwill)
and early indications are encouraging.

                            
For further information, contact:

TelMe.com plc
Graham Ramsey, Chief Executive                 0207 240 2640
Richard Law, Finance Director                  0151 608 0205

Golin/Harris Ludgate
Richard Hews                                   0207 324 8888
Trish Featherstone