Director Shareholding

Internet Music & Media PLC
01 November 2002




                                SCHEDULE 11

        NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Internet Music & Media PLC



2. Name of director


Nicholas Cowan



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


As 2 above



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


As 2 above



5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


As 2 above



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


Gift of shares



7. Number of shares / amount of stock acquired






8. Percentage of issued class






9. Number of shares/amount of stock disposed


500,000



10. Percentage of issued class


1.47 per cent.



11. Class of security


Ordinary Shares of 1p each



12. Price per share


N/A



13. Date of transaction


31 October 2002



14. Date company informed


31 October 2002



15. Total holding following this notification


12,452,702



16. Total percentage holding of issued class following this notification


36.72 per cent.



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant






18. Period during which or date on which exercisable






19. Total amount paid (if any) for grant of the option






20. Description of shares or debentures involved: class, number






21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise






22. Total number of shares or debentures over which options held following this
notification






23. Any additional information






24. Name of contact and telephone number for queries


Nicholas Cowan - 020 7352 4448



25. Name and signature of authorised company official responsible for making
this notification


Nicholas Cowan - Chairman



Date of Notification


1st November, 2002



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