Re Deferred Consideration

Telme.Com PLC
16 November 2000

                              
                TELME.COM PLC (the 'Company')
                              
      Acquisition of GB Mailing Systems Limited ('GB')
    Agreement of Final Element of Deferred Consideration

Further  to  the  announcement made by  the  Company  on  25
September  2000  in respect of the payment  of  the  initial
element   of   deferred  consideration   pursuant   to   the
acquisition of GB, the Company announces that it has  agreed
with  the  vendors of GB that the final element of  deferred
consideration  for  the acquisition be  paid  and  satisfied
through the issue of shares.

The   final  element  of  the  earn  out  of  the   deferred
consideration amounts to £578,000 and will be  satisfied  by
the  allotment  and issue of 1,302,388 new ordinary  shares.
The  issue price of the new shares is 44.38 pence per share,
being  the average price of the Company's shares for the  28
days preceding the determination of this element of the earn
out  amount, and is in accordance with the mechanism set out
in  the acquisition agreement for GB.  Application has  been
made  to  the  UK  Listing Authority and  the  London  Stock
Exchange for the new ordinary shares to be admitted  to  the
Official List.  Such admission is expected to take place and
dealings to commence on 21 November 2000.

Background Information:

GB,   a   Database  Management  and  Customer   Relationship
Management  (CRM) company was acquired by TelMe.com  plc  in
July  1998.   The initial consideration for the  acquisition
was £5 million, which was satisfied with a mixture of shares
and   cash.   Under  the  acquisition  agreement,   deferred
consideration was payable two years after the  date  of  the
acquisition subject to performance.

An  agreed  initial earn out amount of £3.4 million  of  the
deferred  consideration was satisfied in September  2000  by
the  issue of 6,172,575 new ordinary shares and the  payment
of  £21,750  in  cash to cover vendors' expenses.   At  that
time,  it  was announced that additional earn out  up  to  a
maximum  of  £0.6 million might also be paid out  under  the
acquisition agreement.  However, this payment was subject to
further  discussions between the Company and the Vendors  of
GB.


For further information, please contact:

TelMe.com plc
Graham Ramsey                                  020 7240 2640
Richard Law                                    0151 608 0205

Golin/Harris Ludgate
Richard Hews                                   020 7253 2252