Board Changes/Trading Update

InterX PLC 14 February 2001 INTERX PLC ('InterX' or the 'Company') Board Changes and Trading Update The Board of InterX announces that Philip Crawford has resigned as a director and Chief Executive of the Company with immediate effect. Simon Barker, an executive director and one of the founders of InterX, has been appointed Chief Executive. The Company will announce its interim results for the six months ended 2 February 2001 in March. During the second quarter the Company entered into contractual arrangements with four new customers, two of which were for the provision of consultancy services. Four licence agreements were concluded during the quarter; two of these were as part of the Company's partner development programmes. Both the cash position and the net loss for the half year are expected to be in line with the Company's internal budgets. The Board is concerned with the high ongoing cost of customer acquisition arising from a combination of general market conditions, under which corporate spend on internet-related software has been depressed, and the Company's current route to market. Accordingly, the Board has commenced a strategic review of the business in order to take greater advantage of the significant opportunities available for its technologies. The results of the review will be communicated at the time of the interim announcement. Richard Jewson, Chairman, said: 'The Board remains entirely confident in the value of the Company's technologies, which we firmly believe will underpin the long-term success of the business'. Enquiries: Simon Barker, Chief Executive 020 8817 4409 Simon Miesegaes, Finance Director 020 8817 4409 Colin La Fontaine Jackson, ING Barings 020 7767 1000

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Itaconix (ITX)
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