EGM Statement

InterX PLC 20 May 2002 20 May 2002 InterX plc ('InterX', the 'Group' or the 'Company') Result of Extraordinary General Meeting ('EGM'), Suspension of Listing and Board Changes The Board announces the results of the EGM held at 10:00 am today. All resolutions were passed, including the Ordinary Resolution to approve the sale to The Innovation Group plc of the business, certain assets and intellectual property of InterX Technology Limited and certain other assets of the Group. 99.9 per cent. of votes cast were in favour of the Ordinary Resolution. Completion is expected to occur later today. Richard Jewson, Chairman, made the following statement to shareholders: 'As stated in the circular of 26 April 2002, following approval of the sale of the software business, InterX's shares will be suspended from the Official List of the UK Listing Authority and from trading on the London Stock Exchange upon the passing of these resolutions. InterX will remain suspended until it has control over the majority of its trading assets (in accordance with Rule 3.6 of the Listing Rules of the UK Listing Authority (the 'Listing Rules')) or is otherwise de-listed. Following completion of the sale, the Group's major trading asset will be Exemplar, which is majority-owned by Diligenti. In order, therefore, to comply with Rule 3.6 and to have the suspension lifted, InterX must control Diligenti and demonstrate to the UK Listing Authority the suitability of the Group for listing. InterX currently holds 34 per cent. of Diligenti's issued share capital. InterX has entered into option agreements with other Diligenti shareholders to increase its holding of Diligenti's issued share capital, for nominal consideration, to approximately 95%. The exercise of these options is conditional on the funding by InterX of Diligenti's company voluntary arrangement and other restructuring actions in relation to the Diligenti group having been completed. These option agreements expire on 31 December 2002. It is the Board's view that gaining control of Exemplar, through the exercise of these options, is central to the on-going strategy of the Group. However, prior to the exercise of these options, in addition to the conditions outlined above, InterX requires the completion of a fundraising by Exemplar which is currently being undertaken. The exercise of these options is likely to be deemed a reverse takeover under the Listing Rules and as such would be subject to shareholder approval. This will involve the publication of a further circular, at a significant cost to the Company. Such a circular would have to contain a positive working capital statement for the enlarged Group which, notwithstanding the current financial position of Exemplar, the Company could not currently give owing to continuing office rental liabilities and advisers' fees in relation to this new transaction. The Board has considered providing shareholders with an alternative market for its shares and has, as previously reported, been investigating the possibility of admission of its shares to AiM, where it is anticipated that the costs of maintaining a listing would be reduced, especially in relation to completing the on-going reorganisation of the Group. The results of this investigation have identified that, as at today, the Company is not in a position to be admitted to trading on AiM, because the Board is not in a position to make a firm commitment with regard to the Company completing the reverse takeover of InterX by Diligenti. To make this firm commitment the Board is required to be confident that a positive working capital statement for the enlarged Group would be made at the time the reverse takeover is completed. The enlarged Group would also have to comply with the AiM Rules. A reverse takeover, while the Group's shares are trading on AiM, would still require shareholder approval and the publication of a circular. Notwithstanding the above, the Board is committed to maximising the value of the Group's assets and implementing the most cost-effective and appropriate method of returning that value to shareholders, while being mindful of the need for a liquid market in the Company's shares. The Board continues to review all options for value realisation and will report back to shareholders in due course.' Board Changes As noted in the circular of 26 April 2002, Mike Shinya and Philip Sant have resigned as directors with effect from today. Richard Jewson commented: 'I would like to thank both Mike and Philip for their contribution and support during what has been a difficult time for both the Company and our shareholders.' For further information, please contact: Simon Barker / Simon Miesegaes 020 8817 4000 InterX Colin La Fontaine Jackson 020 7767 1000 ING Barings This information is provided by RNS The company news service from the London Stock Exchange MSESFFSSESESI

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