Update on recent fire

Ideal Shopping Direct PLC 16 March 2001 Ideal Shopping Direct Plc (the 'Company' or 'Ideal Shopping Direct') A previous announcement made on 7 March 2001 stated that a fire has substantially destroyed the Company's TV studio, offices and warehouse premises from which Ideal Shopping Direct has traded. Since that time, the Company has been implementing its disaster recovery plan whilst its insurers have been following their standard procedures. The Loss Assessors appointed by the Company have confirmed, on the basis of the information that they have at this time, that the Company is fully insured. The Directors intend to deliver a limited service in respect of both the Ideal World home shopping channel and the catalogue business as soon as possible. Additional announcements will be made as soon as practicable. Contact: Philip Secrett, Grant Thornton, 020 7383 5100 Dated: 16 March 2001
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