Preliminary Results

Ingenta PLC
29 November 2000


                         ingenta plc

            Preliminary results for the 12 months
                   to 30th September 2000

ingenta plc, a market leader in the rapidly growing sector of
online  professional and business research,  today  announces
preliminary results for the 12 months to 30th September 2000.


Highlights

*    Turnover increased by 188% to £4.3m (1999: £1.5m)
*    Gross profits up 115% to £3.1m (1999: £1.4m)
*    Net  operating  losses  before  interest,  depreciation,
     amortisation and exceptionals of £3.1m, after  providing
     for software development costs of £1.2m
*    Current cash balances of over £12m
*    Trading  for the current year comfortably in  line  with
     expectations  with  Current trading strongly  over  300%
     ahead  of  1999 levels, with forward orders and expected
     repeat  business  already in excess of 50%  of  forecast
     revenue  for the current yearalready totalling over  £6m
     for the current year
*    Current  projections  indicate  profitability  and  cash
     generative on target by the end of 2001


Commenting on the results, Martyn Rose, Chairman, said:

'I am delighted with the results ingenta is delivering in its
first  year as a public company. Its business model is proven
and  is  generating rapidly growing revenues.  It  is  market
leader its chosen markets both in the UK and the USA, and  is
firmly on course to continue the dramatic growth rate it  has
achieved  this year. The company is well placed  to  continue
rapid scaling of its operations and achieve its objective  of
becoming   the  leading  web  intermediary  for   'must-have'
professional and business research.'


For further information, please contact:

ingenta                                         www.ingenta.com
Martyn Rose, Chairman           On 29th November: 020 7253 2252
Mark Rowse, Chief Executive            Thereafter: 01865 314810
David Callcott, Finance Director                   01225 361020

Golin/Harris Ludgate                              020 7253 2252
Jane Hurley/Edward Macquisten

Analysts meeting: A presentation for analysts will be held at
9.30  on  29th  November  2000 at  Golin-Harris/Ludgate,  111
Charterhouse St, London EC1M 6AW.

Notes to editors

ingenta  is  the global research gateway serving  the  online
research  needs  of  over 2.5 million visitors  a  month.  It
provides  a  free online search service of published  content
from   reliable   research  sources  not  freely   searchable
elsewhere  on  the  Web and is one of the  UK's  top  10  Web
service   operators.  For  publishers  of  professional   and
academic  periodicals and journals, it provides  a  suite  of
services  including data conversion, secure  online  hosting,
subscription   authentication,   marketing   and   e-commerce
services.  As well as providing Web users with a broad  based
article  search and delivery service through www.ingenta.com,
ingenta also develops subject-focused e-communities, built in
conjunction with societies and publishers.

e25,  the  definitive  index of  the  UK's  top  25  Internet
businesses  from  leading business magazine Management  Today
and  business consultancy Bain & Company, placed  ingenta  in
the  number  12  spot on its debut entry into  the  index  in
September 2000. Last month, US-based InfoWorld named  ingenta
as one of its top 100 'e-businesses to watch'.


                         ingenta plc

              Preliminary statement of results
          for the 12 months to 30th September 2000
                              
Chairman's statement

Introduction
                              
I  am  delighted that ingenta's first set of  results  as  a
public  company  saw continuing dynamic growth  in  all  the
company's  activities. The major feature was  the  company's
successful  listing  on  the Alternative  Investment  Market
(AIM),  achieved  through the reverse acquisition  of  Delyn
Group plc.

The  company achieved rapid increases in sales  in  all  its
core  business  areas, and trading in the current  year  has
started strongly, comfortably in line with expectations  for
the year.

The  management team continues to develop the organisational
and technical infrastructure of the business in both the  UK
and the USA to provide the scalability that will enable this
growth  to  continue,  and has moved  quickly  to  integrate
acquisitions made.Not only did this transaction provide  the
company with a currency with which to make acquisitions,  as
evidenced  by  its acquisition of Dynamic Diagrams  on  29th
September  2000, it also increased the This,  together  with
the  company's substantial cash reserves, is allowing it  to
accelerate  its  development and momentum into  the  current
year..

Financial and operational review

During  the year, turnover increased by 188% to £4.3m (1999:
£1.5m).   Gross  profits were up by  115%  to  £3.1m  (1999:
£1.4m).  Net operating losses before interest, depreciation,
amortisation  and  exceptionals,  and  after  providing  for
software  development  costs of  £1.2m,  were  £3.1m  (1999:
£0.8m).

The  company's customer base has expanded rapidly,  doubling
in  the  last quarter of the year, and now includes over  80
publishers  and societies.  Key new business  wins  included
Macmillan  Publishers Ltd, Nature Publishing Group  and  the
OECD,  and the company now has partnerships with  7  of  the
world's 10 largest journal publishers.

Usage of ingenta's services continues to grow strongly  with
over 2.5 million unique visits to its sites in October 2000,
putting the company in the top ten web service operators  in
the UK.

Publisher services

Within  the publisher services area, some 65 publishers  are
now partnering with ingenta to provide a technology platform
for  distributing their high value content on  the  web,  up
from  28 last year. This is a sign of publishers' increasing
desire  to work with ingenta to host their content,  provide
access  control technology to allow them to distribute  that
content to their existing subscribers, and to take advantage
of ingenta's global distribution and marketing facilities to
reach substantial numbers of new users.

ingenta.com

The  ingenta.com service continues to develop, with numerous
new   features  released  during  the  year,   such   as   a
personalisation  function  and  other  features  to  improve
usability and performance. It now includes links to over 1.2
million   articles   from  2,700  publications.   This   has
contributed to continuing rapid growth in usage,  with  over
200,000 articles downloaded during October alone, and  users
increasingly  coming from outside the company's  traditional
academic research base.

e-communities

I  am  particularly pleased that the company's e-communities
business  has grown rapidly during the year, leveraging  the
existing  content within ingenta together with our technical
infrastructure to create custom-built vertical  portals  for
scientists, researchers and industry professionals. Over  20
of these sites are now live on the web, including 6 launched
during  November,  and a further 18 are being  developed  in
partnership with publishers and societies. These  activities
are generating a combination of fee income, subscription and
e-commerce  revenues,  and  management  believes  that  this
combination   of   peer-reviewed  research   journals   with
traditional  trade  magazine-style  and  other  content   is
creating  the 'must-have' online information source  of  the
future for existing groups of niche users.

For  example, www.sourceoecd.com was the venue of the  first
online release of the OECD's monthly Economic Outlook report
in  November. This subscription service provides web  access
onto  all the OECD's journal, report and statistical output,
which  is  also searchable within the ingenta.com site.  The
commercial     launch    of    www.animalscience.com     and
www.nutritiongate.com, which also took place this month, was
preceded  by  thousands of trials from users  all  over  the
world  and has already resulted in an encouraging  level  of
sales for the 2001 subscription year.

The  scalability of the company's activities is demonstrated
not  only by the growth in customers and content within  its
publisher  services activities but also in its e-communities
area: 12 sites are now live on the web, including 6 launched
during November, out of a total of around 30 currently being
developed.
Operations

The  company's operational infrastructure has grown  rapidly
during the year with new offices opening in both the UK  and
the US, and the headcount rising from 43 to 168 in locations
in  London,  Oxford  and  Bath in  the  UK  and  Boston  and
Providence in the USA.

The  management team has moved very effectively  during  the
year  to further consolidate the company's position in  both
the  USA and Europe, and to integrate the acquisitions made.
This  has  continued  since  the  year  end  following   the
acquisition  of  Dynamic  Diagrams which  is  rapidly  being
integrated   into  the  company's  activities  to   increase
capacity  and  broaden the range of services  provided,  and
which has contributed to the rapid growth of the business in
the USA, which now accounts for over 50% of total revenues.

The  company now has the infrastructure to capitalise on and
sustain the very substantial organic growth which the  Board
are  is  certain  confident will  be  delivered  during  the
present year.

To have increased the staff numbers from 43 to 168, gained a
listing  to achieve public company status and to  have  made
and  integrated acquisitions while growing the  business  in
technological  and  revenue terms  is  a  very  considerable
achievement.  The  staff and management of  the  company  at
every level should be proud of what has been achieved during
the  year  and on the Board's behalf I would like  to  thank
everyone for their dedication and effort.

Current trading and outlook

I  am delighted that the ingenta business model has now been
further proven since becoming a public company. With further
penetration of its target markets, expansion of  its  target
audience  and cash balances of over £12million, the  company
is  well  placed to continue rapid scaling of its operations
and  achieve  its  objective of  becoming  the  leading  web
intermediary  for  'must-have'  professional  and   business
research.

Since  the year end, the company has continued to move ahead
strongly  with  current  trading levels  showing  growth  in
revenues  in  excess  of 300% against  comparables  for  the
preceding year. In excess of 50% of its forecast revenue for
the  year  ending  30th  September 2001  is  either  already
contracted  or  expected repeat business and  management  is
confident  that the outcome for the year will be comfortably
in line with expectations.

Finally,  given  the contracted or expected repeat  business
referred  to  above, taken along together  with  reducing  a
reduction in software development and marketing costs during
the  year,  the outlook can only be described asis extremely
encouraging   and   the   Board  are   is   confident   that
profitability and cash generation will be achieved on target
in late 2001.

Martyn Rose
Chairman
29th November 2000


                                                       
Consolidated profit and loss account for the year ended 30th
                          September

                                                      
                                            2000            1999
                                             £'m             £'m
Turnover                                     4.3             1.5
                                                                
                                                                
Cost of sales                              (1.2)           (0.1)
                                                                
Gross Profit                                 3.1             1.4
                                                                
Operating expenses                                              
*  Sales and admin                         (2.8)           (1.2)
*  Technical services                      (1.7)           (0.4)
*  Software development                    (1.2)           (0.5)
*  Marketing                               (0.5)           (0.1)
*  Depreciation                            (0.3)           (0.2)
Total operational costs                    (6.5)           (2.4)
                                                                
* Integration costs                        (0.5)            0.0
* National Insurance on share options      (0.2)            0.0
* Goodwill amortisation                    (1.5)            0.0
* Goodwill write-off*1                    (15.6)            0.0
* Total Operating Expenses                (24.3)           (2.4)
                                                                
Operating Loss                            (21.2)           (1.0)
Interest                                    0.2             0.0
Net loss before tax                       (21.0)           (1.0)
Tax                                         0.3             0.0
Retained loss                             (20.7)           (1.0)
                                                                
Loss per share                          (£0.52p)        (£0.05p)
Loss per share before goodwill          (£0.09p)        (£0.05p)
amortisation and write-off
                                                                
Loss before interest, tax,                                      
depreciation, amortisation and             (3.1)           (0.8)
exceptional items

*1Goodwill arising on the reverse acquisition of Delyn Group plc
in May 2000 has been written off because the Directors consider
this goodwill to have no recoverable value due to the change in
business activities. This is a non-recurring charge.

Analysis of these results including the effects of acquisitions
will be contained in full in the statutory accounts.

The Directors believe that, given the opportunities for growth,
it is not appropriate to recommend the payment of a dividend.
                              
                              
       Consolidated balance sheet as at 30th September
                              
                                            2000          1999
                                             £'m           £'m

                                                              
Fixed Assets
* Tangible                                   1.7           0.4
* Intangible                                 8.1           1.5
Total Fixed Assets                           9.8           1.9
                                                              
Current Assets
* Debtors                                    2.0           0.5
* Cash balances*2                            7.7           0.0
Total Current Assets                         9.7           0.5
                                                              
Creditors - amounts falling due within     (6.7)          (0.6)
one year
                                                              
Net current assets / (liabilities)           3.0          (0.1)
                                                              
Total assets less current liabilities       12.8           1.8
                                                              
Creditors - amounts falling due after      (0.3)           0.0
More than one year
                                                              
Provisions for liabilities and charges     (0.2)           0.0

Net Assets                                 12.3            1.8
                                                              
Capital and Reserves
Called up share capital                     2.4           0.1
Shares to be issued                         0.3           0.0
Share premium account                       3.2           2.7
Reverse acquisition reserve                12.7           0.0
Profit and loss account                    (6.3)         (1.0)
                                                              
Total Shareholders' Funds                   12.3          1.8
                                                      
*2 Amount shown excludes an additional £6.7million    
net of expenses raised from a placing of 2.5 million
new ordinary shares under a Placing Agreement
executed on 29th September 2000. This amount was
received after the year end.

                              
                              
                              
  Consolidated cash flow statement for the year ended 30th
                          September
                              
                                            2000          1999
                                             £'m           £'m
                                                              
Cash flow from operating activities
                                                              
Operating loss                            (21.2)         (1.0)

Depreciation charge                          0.3           0.2
Write-off of goodwill                       15.6           0.0
Amortisation of goodwill                     1.5           0.0
Increase in debtors                         (0.5)         (0.5)
Increase in creditors                        0.5           0.6
Increase in provisions                       0.2           0.0
                                                              
Net cash outflow from operating            (3.6)          (0.7)
activities
                                                              
                                                              
Returns on investments and servicing         0.2           0.0
of finance
Purchase of tangible fixed assets           (0.3)         (0.1)
Sale of tangible fixed assets                2.9           0.0
Net cash inflow / (outflow) from             2.3          (1.3)
acquisitions including cash acquired
on reverse acquisition of Delyn Group
plc
                                                              
Cash inflow / (outflow) before               1.5         (2.1)
financing
                                                              
Financing                                                     
Issue of shares at a premium                10.0           2.1
Take up of cash alternative to offer        (3.7)          0.0
by Delyn Group plc
Repayment of principal under finance        (0.1)          0.0
leases
Cash inflow from financing                   6.2           2.1
                                                              
Increase in cash in the year                 7.7           0.0
                                                              
                                                              
                                                              
Statement of total recognised gains and losses for the year
ended 30th September
                                                              
                                            2000          1999
                                             £'m           £'m
                                                              
Loss for the financial year               (20.7)         (1.0)
Currency translation differences on        (0.3)          0.0
foreign currency net investments
Total recognised losses for the year      (21.0)         (1.0)
                                                              

Notes:

1.  The  preliminary results for the year ended 30 September
2000  are  unaudited  and  do not constitute  the  Company's
statutory financial statements within the meaning of s227 of
the  Companies Act 1985. The financial information  for  the
year  ended 30 September 1999 is derived from the  statutory
accounts of the various group companies for that year  which
have  been  delivered  to the registrar  of  companies.  The
auditors'  report  on  those accounts was  unqualified.  The
statutory accounts for the year ended 30 September 2000 will
be  finalised  on  the  basis of the  financial  information
presented  by the directors in this preliminary announcement
and   will  be  delivered  to  the  Registrar  of  Companies
following the Company's annual general meeting.

2.  The  basic  loss  per share has  been  calculated  on  a
weighted  average  number of shares of 39,428,804  in  issue
during  the  year.  (1999: 21,240,390) The  company  had  no
dilutive  potential  shares in either period  and  there  is
therefore no difference between the loss per ordinary  share
and the diluted loss per ordinary share.

3.  This announcement was approved by the board of directors
of ingenta plc on 28 November 2000.