Stmnt re - Budget

betinternet.com PLC
7 March 2001

For immediate release

Wednesday 7 March 2001



 Betinternet.com Plc statement re: Dropping of duty on betting in favour of a
                                 profits tax

Commenting on the changes in betting tax announced in today's budget, Vincent
Caldwell, Chairman of betinternet.com Plc said:

'As expected the Chancellor announced he will reform betting duty as from
January 2002.'

'betinternet.com Plc will continue to focus on the global market where it is
establishing a strong brand name. Should the Isle of Man Government decide to
allow duty free bets from the UK then this will further enlarge the target
audience of betinternet.com'

For further information please contact:

Mark McGuinness, Marketing Controller, betinternet.com Plc   01624 629 699

Mobile: [phone]

John Moriarty, Hill and Knowlton   0207 973 4413

Mobile: [phone]