Strategy and Trading Update

InterX PLC
29 November 1999

                                 
                                
                                 
                            InterX plc
                    ('InterX' or the 'Company')
                                 
                    Strategy and Trading Update

InterX's Strategic Repositioning

The Chairman's Statement in the Annual Report and Accounts for the
year  ended 30 July 1999 highlighted that the Board of InterX  plc
('InterX'  or  the 'Group') was actively reviewing  the  financial
implications for InterX of exploiting the opportunities  available
to  the  Group through its internet businesses, IT Network Limited
('IT Network') and Cromwell Media Limited ('Cromwell').

The  Board  now  believes  that it is in  the  best  interests  of
shareholders  to  focus on the ongoing development  of  these  and
other  internet  businesses.  To accomplish  this,  the  Board  is
currently  taking  steps  to separate the  distribution  business,
Ideal  Hardware  plc ('Ideal'), formally from  the  Group  and  is
considering  a number of suitable platforms from which  Ideal  can
pursue  the significant opportunities currently available  to  it.
The  Board expects this separation to be completed within the next
six months.


Internet Activities

IT  Network  (www.itnetwork.com) is an online product  information
service  for IT professionals. The business continues  to  attract
new  sponsors and registrations and has clearly demonstrated  that
with  sufficient  investment and increased marketing  expenditure,
the  current lack of which is restricting sales, it can  become  a
significant  asset  to  shareholders. In  order  to  maximise  the
opportunities available to IT Network, including moving into other
geographical  markets  and  developing an  e-commerce  capability,
significant investment will be required over the next two years.

Cromwell  (www.cromwellmedia.co.uk), an internet software  company
of  which  InterX owns 34%, is finalising its plans to market  its
software in competition to the offerings of BroadVision, Inc.  and
Vignette  Corporation.   Cromwell's  technology  currently  powers
www.itnetwork.com and www.silicon.com.  Silicon.com is the  online
IT  news  publisher  which was recently the  subject  of  an  £11m
investment  from  a  European venture  capital  syndicate  led  by
Amadeus Capital Partners and including Schroder Ventures, Dresdner
Kleinwort Benson, Gilde and T-Venture.


Distribution Activities

Ideal's (www.ideal.co.uk) current trading is showing strong growth
both in turnover and market share and the company is achieving its
budgeted  targets despite the continued adverse market  conditions
which  are  impacting  both margin and cash  flow  throughout  the
industry.

The  Board  is also pleased to announce that on 23 November  1999,
Ideal received the 'Storage Distributor of the Year' award at  the
1999  Computer  Reseller News Channel Awards. This is  the  eighth
consecutive  year  that  Ideal  has  received  an  award  at  this
prestigious event.

Given  Ideal's  leading market position in  the  UK,  the  company
expects to take an active role in the consolidation of the UK  and
European  IT distribution sectors.  The Board believes  this  will
take  place  in  the  short to medium term, through  both  organic
growth  and  acquisition.  Accordingly, Ideal requires a  suitable
platform from which it can pursue these significant opportunities.


Trading Update

Until  such  time  as the separation of InterX's distribution  and
internet activities is complete, the significant investment in and
marketing  expenditure on IT Network's activities will  be  funded
out  of  profits generated by Ideal.  This expenditure will absorb
all of the Group's profits during this period.  The Board believes
that  the level of expenditure required to realise the substantial
opportunities  available to InterX's internet businesses  is  such
that it will not be appropriate for the Group to pay dividends  in
the short to medium term.

InterX plc will be holding a presentation to analysts today at  12
noon  at  the  offices of College Hill Associates, 5th  Floor,  78
Cannon Street, London, EC4.

                                                  29 November 1999

Enquiries:

InterX                                 020 8410 7200
James Wickes, Chief Executive          Email: [e-mail]
Simon Barker, Commercial Director      Email: [e-mail]
Simon Miesegaes, Finance Director      Email: [e-mail]
                                 
College Hill                           020 7457 2020
Nicola Weiner                          Email: [e-mail]
Chelsea Allen                          Email: [e-mail]