Disposal of Investments

Cater Barnard PLC
24 May 2001


                                                                 24th May 2001

CATER BARNARD PLC

The Directors of Cater Barnard plc today announce that they have conditionally
agreed to dispose of US$546,000 worth of US-quoted investments to Voyager
Financial News.com plc (VFN).  The consideration paid will be £180,000 in cash
and the issue of 2,282,032 shares in VFN.

The Company has further conditionally agreed to acquire 4,851,185 VFN shares
from the 'Concert Party' on a 4 for 1 basis plus warrants and - following the
various approvals required - Cater Barnard will hold 77.8% of Voyager
Financial News.


END

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Enquiries:

Cater Barnard plc         0870 066 0830

S Dean (Chairman)



Seymour Pierce Ltd        020 7648 8700

Sarah Wharry