Director Shareholding

ITIS Holdings PLC
10 November 2004


ITIS HOLDINGS PLC


Directors Shareholding


The Company announces that on 9th November 2004 three Directors of the Company
purchased ordinary shares of 2p each in the company ('Shares') at a price of
23.5p per Share as set out below:

Director             Shares purchased     Resultant beneficial     % ISC*
                                            holding of Shares   

Sir Trevor Chinn          70,000                652,240             0.68
John Hewett**             70,000                 70,000             0.07
Stephen Norris            50,000                550,000             0.57


*   issued share capital of ITIS - 96,243,669 Shares.
**  John Hewett is the ITIS board representative of Peder Smedvig Capital AS, a
    holder of 10,042,106 Shares

Contact

Andrew Forrest                                                    0161 927 3600
Finance Director




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