Statement re Suspension

e-district.net PLC
19 February 2001

                      e-district.net plc ('e-district')


The board of e-district has reason to believe that the reported numbers for
registered users, page impressions and revenues have been substantially
overstated.


It is not clear over what period of time this overstatement has occurred but
it could include all of 2000. The board is not aware of any misappropriation
of funds.


The board, together with its external advisers, has commenced a full
investigation.


The board has suspended Mr. Steven Laitman, Chief Executive Officer, with
effect from Sunday 18 February 2001.


In order to protect investors, the board has requested a suspension of the
quotation of e-district's shares.


A further announcement will be made in due course.


Enquiries:


e- district.net plc

Frank Lewis 020 8515 2800