Acquisition of Software Co

VoyagerIT.Com PLC 25 August 2000 VoyagerIT.com plc ('Voyager' or 'the Company') Acquisition of Panda Anti-Virus Software Limited Voyager is pleased to announce that it has agreed terms to acquire Panda Anti-Virus Software Limited ('PAS'). PAS markets and distributes 'Panda' anti-virus software and other anti-virus products. PAS was formed in 1999 by Stephen Edwards, who has 12 years experience within the PC maintenance and software market. 'Panda' software has over two million users worldwide, and has recently received a significant order for anti-virus software from Laura Ashley Group. Other clients of PAS include the British Dental Association, Banco Espirito Santo, British Wool, Wrexham Health Trust, and Penlow East Health Trust. PAS reported profit before tax in excess of £20,000 on turnover of £206,347 for the first six months of it's current financial year, and with net assets of £164,389. Voyager took a 24% interest in PAS in April 2000 for £150,000 cash. The total consideration to acquire 100% of PAS is to be satisfied by 8,000,000 new ordinary shares in Voyager at an issue price of 15p per share. It is intended that Mr Stephen Edwards, founder and Managing Director of PAS, will be appointed to the Board of Voyager to oversee it's UK operations. Enquiries: Stephen Dean VoyagerIT.com plc 01480 436 666 Adrian Stecyk VoyagerIT.com plc 001 212 509 9500 Glenda Boswell Boswell City Financial PR 020 7583 2001 Mobile: 0468 235 735 Rodney Johnson Boswell City Financial PR 020 7583 2001 Sarah Wharry Seymour Pierce Ltd 020 7648 8700 Jeremy Porter Seymour Pierce Ltd 020 7648 8700

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