Fthr re Placing & Open Offer

Internet Music & Media PLC
13 July 2001







                                                         For Immediate Release



                                                               13th July, 2001







                  INTERNET MUSIC & MEDIA PLC ('the Company')



                       Further re Placing & Open Offer









The Company announces that, inter alia, the Prospectus relating to the Placing
and Open Offer announced earlier today is being sent to shareholders and is
available from John East & Partners Limited, Crystal Gate, 28 - 30 Worship
Street, London EC2A 2 AH.