Result of Rights Issue, etc.

I2S PLC
23 March 2000


                       I2s plc ('i2s' or the 'Company')
                           Initial Investments made
                            Result of Rights Issue

I2s  plc  (formerly Tarpan plc), the internet, technology and media investment
company, today announced its first three investments totalling £1.8 million  -
Arnhold Holdings, Eighteen Global Inc. and Sit-up.com.

  -  Arnhold Holdings Limited, in which i2s will be a strategic investor of US
  $0.5m  at  $1  per  share,  is  the US $100m  Hong  Kong  listed  technology
  investment fund established by Hutchison Whampoa's ex-Chief Executive  Simon
  Murray.
  
  -  Eighteen Global Inc., in which i2s has taken a US $1m stake, is  the  on-
  line  service  for  golfers.  Partnering  with  clubs  and  pros  worldwide,
  services  include  on-line  shopping,  tee-booking  and  golfing  news.  The
  company,  headquartered in Dallas, is aiming for a flotation in Q3 2000  and
  launches its UK web site in April 2000. (www.eighteenglobal.com)
  
  -  Sit-up.com,  in  which i2s placed £900,000, provides  unique  interactive
  content for multiple platforms. Its launch product, described as 'QXL  meets
  QVC  meets  Big  Breakfast'  is designed for delivery  via  internet,  iDTV,
  terrestrial  TV  and  WAP.  An IPO is currently  planned  for  Autumn  2000.
  (www.sit-up.com)

The 5 for 2 rights issue by the Company, announced on 3 February 2000, has now
closed  and  acceptances  have been received in respect  of  4,949,245  shares
representing   93.38  per  cent.  of  the  total  number  of  Rights   Shares.
Accordingly,  Peel Hunt plc will use its reasonable endeavours  to  place  the
350,755 Rights Shares not taken up.

Chairman Neville Buch commented:

'The  quality, diversity and potential of our first three investments  lays  a
strong  foundation  for i2s's future growth.  In Arnhold  we  have  access  to
invaluable  expertise  in a rapidly expanding technology  market,  Hong  Kong.
Eighteen  Global  is making excellent progress towards becoming  the  ultimate
golf-related  site  and  its customer acquisition  model  of  partnering  with
traditional  outlets like clubs and pros is proving highly  successful.   Sit-
up.com will provide innovative interactive content and this, combined with its
universal  appeal  and  excellent management  team,  should  prove  a  winning
combination.'

For further information:
Ben Harrison, Executive Director
Tel:   [phone]
Email: [e-mail]

Gillian Pattison, PR Officer
Tel:   [phone]