Corporate Action

Internet Music & Media PLC
13 August 2001

CAPITAL REORGANISATION - UPDATE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE   *IMM
SEDOL CODE      *852-836
TERMS           *The company is proposing to subdivide and redesignate the      
                 existing shares into one new ordinary share of 1p and one      
                 deferred share of 24p.
PROVISIONAL EFFECTIVE DATE *14-08-01
NOTES *Confirmation of the effective date.