Trading Statement

Iomart Group PLC
24 June 2003

                                iomart group plc

                      Trading statement as at 24 June 2003


The board made the following statement at the annual general meeting in Glasgow
today:

'NetIntelligence has been further developed as a sophisticated tool in the
growing content management market. The latest version (3.1) provides a full
range of detailed management reports, increasingly accepted by sophisticated
customers including local authorities, financial services and higher education.
Although speed of uptake has been disappointing to date, we are ahead of budget
for the first quarter of the current year and optimistic of further significant
sales in the near future.

Web services have continued to develop at 1,000 new customers per month. Sales
to some 8,500 customers are running at approximately £3.5m a year and we are
reviewing other opportunities in a market that is now consolidating.

Cash balances at end May were £3.6m which we anticipate will be sufficient both
to fund the marketing spend for Net Intelligence and the further development of
our web services business. We believe that group profitability on a monthly
basis is achievable before the end of the current financial year.'


Enquiries:

      Nick Kuenssberg, Chairman                   07860 635 191
      Angus MacSween, Chief executive officer     0141 931 7025



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