Final Results

OneMonday Group PLC
22 October 2001


22nd October 2001


                    OneMonday Group's Preliminary Results
                         (year to 31st July 2001)

  * Turnover up 23% to £44.8 million.

  * Pre-exceptional profits from continuing operations of £1.76m.

  * Pre-tax profit of £1.31m, before exceptional restructuring costs of £
    982,000, ahead of market expectation.

  * Text 100 appointed to handle IBM's product PR worldwide to commence in
    autumn of 2001 and expected to yield billings of up to $18 million per
    year over two years. Other client wins include Dell UK and Whirlpool
    (AUGUST.ONE) and Mitsubishi and Woolworths (Joe Public Relations).

  * Board expects interim results for period up to 31st January 2002 to
    reflect continuing difficult market conditions - however it is confident
    that the second half of 2002 will be substantially stronger leading to a
    satisfactory outcome for the full year.

  * The restructuring costs are partly a consequence of an adjustment to the
    Group's business model to concentrate on our key brands and larger
    international clients in order to deliver long term international organic
    growth.

  * Today all five main board directors are purchasing between them 200,000
    OneMonday Group shares.


For further information, contact:

Tom Lewis, Chairman, OneMonday Group plc                   07802 609661

David Dewhurst, Finance Director                           020 8996 4154

Nick Denton, Hogarth Partnership                           020 7357 9477


Preliminary Announcement of Results for the Year to 31 July 2001

Dear Shareholder,

After relatively strong results at the interim stage, the second half of the
year to 31 July 2001 saw technology PR become the most depressed sector of the
international public relations industry  - with reduced fees and cancelled
campaigns widespread among our client base. Despite this harsh climate the
Group maintained its strong record of organic growth with a 23% increase in
turnover to £44.8m. However, pre-tax profit from continuing operations, before
exceptional reorganisation costs of £982k, fell to £1.76m (2000: £2.87m,
before exceptional flotation costs). Adjusted basic earnings per share was
down 54% at 1.8p. In view of the current economic conditions, the Board is not
proposing a final dividend, leaving a total of 0.3p for the year (2000:1.0p).

The technology industry in the US was the first to experience extreme
difficulties at the beginning of 2001, and the malaise spread quickly
throughout Europe during the following months.  In practice, this meant that
our Group went from strong growth, recruitment and infrastructure investment
to sudden retrenchment and downsizing within a period of three months. The
Group responded with determined action to reduce costs, shedding about 10% of
its workforce, and decided to wind up a number of its operations, including
Edinburgh (AUGUST.ONE) and Hamburg (Text 100), as well as its non-core
interactive subsidiaries Brand X and FWP. This action has left the Group
smaller, leaner and better able to meet the demands of a tighter market.
Unsurprisingly, the share price suffered greatly in the stampede out of
technology related investments during this period.

Of the Group's four key brands - Text 100, AUGUST.ONE, Bite and Joe Public
Relations - the strongest performance came from Bite, which not only grew
strongly in the UK throughout the year but also made a profit from its
fledgling overseas operation in San Francisco. It is still the intention of
the Group to float a minority stake in Bite on the OFEX trading facility to
further motivate Bite staff, but this has been postponed until markets
improve.

In August 2001, the Text 100 brand succeeded in winning one of the largest
worldwide technology PR pitches ever held, when it was appointed to handle
IBM's product PR.  This business is scheduled to commence in October/November
and yield billings of up to $18m per year for the next two years. It provides
the Group with a powerful validation of its largest brand and the strength of
its worldwide offering in technology PR.  The Board is also confident of the
ability of the other key brands to make progress in the current financial year
following AUGUST.ONE's appointment by Dell UK and Whirlpool and Joe Public
Relations' appointment by Mitsubishi and Woolworths.

I look back on the year ended 31 July 2001 as a difficult year in which the
Group successfully adjusted its business to dramatically altered market
conditions. The immediate outlook is uncertain, particularly after the events
of September 11, and any further downturn in market conditions will be met
with further reductions in costs.  The interim results for the six months to
31 January 2002 will reflect the continuing difficult market conditions and
the hiatus between the loss of competitive business and the gradual
acceleration of work on behalf of IBM. However, the board is confident that
this will be followed by a substantially stronger second half in which the
Group will benefit from reduced overheads, elimination of loss making
operations and the full impact of major new business wins.

The Group has been built organically, reinvesting retained profits and making
modest use of bank facilities, leaving a relatively low-geared balance sheet.
At 31 July 2001, the net debt was £1.1m (2000: £0.6m), representing a gearing
level of 17% (2000: 9%). The Group has made encouraging progress in the last
year reducing the credit cycle taken by clients. With a focus on prudent cash
management, including the decision not to pay a final dividend, the completion
of the reorganisation activities will be achieved without the need for a high
level of gearing. The Group's emphasis on organic growth means that it faces
the future without the burden of deferred acquisition payments, which have
affected others in our sector.  As a result, we are well positioned to
withstand any prolonged downturn that may lie ahead, and will be able to
benefit quickly when confidence returns to the technology markets.

Yours faithfully,

Tom Lewis
Chairman

19 October 2001



ONEMONDAY GROUP PLC

CONSOLIDATED PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 JULY 2001
                                              Year ended            Year ended
                                             31 July 2001          31 July 2000
                                              (UNAUDITED)              (AUDITED)
                                                    £'000                 £'000

TURNOVER (Note 3)
Continuing operations                     44,500             36,327
Discontinuing operations                     292                113
                                                   44,792                36,440

Other external charges                            (5,215)               (6,404)

NET REVENUE                                        39,577                30,036

Staff costs                               25,102             17,978
Depreciation                               1,681              1,031
Other operating charges:
Exceptional reorganisation costs (Note 4)    982                  -
Exceptional flotation costs (Note 4)           -                434
Other operating charges                   11,290              8,137
                                                 (39,055)              (27,580)

OPERATING PROFIT
   Continuing operations                     969              2,625
   Discontinuing operations                (447)              (169)
                                                      522                 2,456

Interest receivable and similar income                 71                    22
Interest payable and similar charges                (264)                 (212)

PROFIT ON ORDINARY ACTIVITIES BEFORE                  329                 2,266
TAXATION

Tax on profit on ordinary activities                (294)               (1,078)
(Note 5)

PROFIT ON ORDINARY ACTIVITIES AFTER                    35                 1,188
TAXATION

MINORITY INTERESTS                                   (18)                  (69)

PROFIT  ATTRIBUTABLE TO MEMBERS                        17                 1,119

OF THE HOLDING COMPANY


Equity dividends paid and proposed (Note            (122)                 (397)
6)

RETAINED (LOSS)/PROFIT FOR THE                      (105)                   722

FINANCIAL YEAR

BASIC EARNINGS PER SHARE (Note 7)                  0.042p                2.875p
DILUTED EARNINGS PER SHARE (Note 7)                0.039p                2.675p
ADJUSTED EARNINGS PER SHARE (Note 7)               1.795p                3.945p






ONEMONDAY GROUP PLC

CONSOLIDATED BALANCE SHEET

AS AT 31 JULY 2001

                                                             2001          2000
                                                      (UNAUDITED)     (AUDITED)
                                                            £'000         £'000

FIXED ASSETS
Tangible assets                                             3,809         3,262
Investments                                                 1,523         1,523
                                                            5,332         4,785

CURRENT ASSETS

Debtors                                             7,555           9,014
Cash at bank and in hand                            2,450           1,802

                                                   10,005          10,816
CREDITORS - Amounts falling due within
one year                                          (5,990)         (8,331)

NET CURRENT ASSETS                                          4,015         2,485

TOTAL ASSETS LESS CURRENT LIABILITIES                       9,347         7,270

CREDITORS - Amounts falling due after
more than one year                                        (2,431)         (606)
PROVISIONS FOR LIABILITES AND CHARGES -                     (448)             -
Reorganisation provision

NET ASSETS                                                  6,468         6,664

EQUITY CAPITAL AND RESERVES

Called up share capital                                     1,121         1,121
Share premium account                                       2,711         2,711
Profit and loss account                                     2,562         2,750
                                                            6,394         6,582

TOTAL EQUITY SHAREHOLDERS' FUNDS

MINORITY INTERESTS                                             74            82
                                                            6,468         6,664



ONEMONDAY GROUP PLC

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2001


                                                           2001            2000
                                                    (UNAUDITED)       (AUDITED)
                                                          £'000           £'000
NET CASH INFLOW FROM
OPERATING ACTIVITIES (Note 8 (1))                         3,912           2,522

RETURNS ON INVESTMENTS
AND SERVICING OF FINANCE
Interest received                                    71              22
Interest paid                                     (264)           (212)
Minority interest dividends paid                   (20)            (18)

NET CASH OUTFLOW FROM RETURNS ON INVESTMENTS
AND
SERVICING OF FINANCE                                      (213)           (208)

NET CASH OUTFLOW FROM TAXATION
Corporation tax paid                                    (1,416)         (1,093)

CAPITAL EXPENDITURE AND

FINANCIAL INVESTMENT
Payments for long term deposits                       -            (73)
Payments to purchase own shares                       -            (75)
Payments to acquire tangible fixed assets       (2,387)         (2,757)
Proceeds from sale of own shares                     20              11
Receipts from sales of tangible fixed assets         89             233

NET CASH OUTFLOW FROM CAPITAL EXPENDITURE AND
FINANCIAL
INVESTMENT                                              (2,278)         (2,661)

          ACQUISITIONS AND DISPOSALS
          Purchase of minority interest                    (50)               -

EQUITY DIVIDENDS PAID                                     (400)           (185)

NET CASH OUTFLOW BEFORE
FINANCING                                                 (445)         (1,625)

FINANCING
Issue of ordinary share capital                       -           1,599
Medium term bank loan                             1,409             631
Net capital outflow on hire purchase contracts     (10)           (121)

NET CASH INFLOW FROM FINANCING                            1,399           2,109

INCREASE IN CASH FOR THE YEAR (Note 8 (3))                  954             484


1)     FINANCIAL INFORMATION

The financial information set out in the announcement does not constitute the
company's statutory accounts for the years ended 31 July 2001 or 2000. The
financial information for the year ended 31 July 2000 is derived from the
statutory accounts for that year which have been delivered to the Registrar of
Companies. The auditors reported on those accounts; their report was
unqualified and did not contain a statement under s237(2) or (3) Companies Act
1985. The statutory accounts for the year ended 31 July 2001 will be finalised
on the basis of the financial information presented by the directors in this
preliminary announcement and will be delivered to the Registrar of Companies
following the company's annual general meeting.

2)     CHANGE OF ACCOUNTING POLICY

There has been a change of accounting policy in relation to deferred tax. The
group has adopted FRS 19 Deferred tax early. Deferred tax is provided in full
on timing differences which result in an obligation at the balance sheet date
to pay more tax, or a right to pay less tax, at a future date, at rates
expected to apply when they crystallise based on current tax rates and law.
Timing differences arise from the inclusion of items of income and expenditure
in taxation computations in periods different from those in which they are
included in financial statements. Deferred tax is not provided on timing
differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset, or on unremitted earnings of subsidiaries where
there is no commitment to remit these earnings. Deferred tax assets are
recognised to the extent that it is regarded as more likely than not that they
will be recovered. Deferred tax assets and liabilities are not discounted.

This announcement has been prepared on the basis of the accounting policies as
stated in the financial statements for the year ended 31 July 2000, except as
noted above.

3)     SEGMENTAL INFORMATION

Analysis of turnover, profit before taxation and net assets by geographic
origin and destination. The turnover relates to one class of business.

                  Year ended 31 July 2001          Year ended 31 July 2000
                        (UNAUDITED)                       (AUDITED)
                 Turnover     Profit      Net   Turnover        Profit      Net
                                       assets                   before   assets
                              before                          taxation
                            taxation

                    £'000      £'000    £'000      £'000         £'000    £'000
Continuing
activities:

Europe, Middle     
East and Africa    28,201        893    4,285     25,832         1,300    4,633
North America      11,725      (165)    1,503      7,677         1,154    1,069
Asia Pacific        4,574         59      117      2,818          (25)    (125)
Non- allocated          -         18    1,227          -             7    1,249
assets

                   44,500        805    7,132     36,327         2,436    6,826

Discontinued
activities:

North America         292      (476)    (664)        113         (170)    (162)


                      292      (476)    (664)        113         (170)    (162)

Total              44,792        329    6,468     36,440         2,266    6,664


The directors consider these regions to be separate geographic markets and the
markets within which the Group operates.

4)     EXCEPTIONAL COSTS

Exceptional reorganisation costs of £982k represent measures taken to
restructure the business in response to difficult market conditions
particularly impacting the technology industry. This has principally involved
redundancies at all levels throughout the Group in North America and Europe.

Exceptional flotation costs, in the year ended 31 July 2000, of £535k
represent the fees and related expenses incurred in the process of obtaining a
listing on the London Stock Exchange. Of these, £101k has been netted against
share premium in accordance with section 130 of the Companies Act 1985 (as
amended).

5)     TAX ON PROFIT ON ORDINARY ACTIVITIES
                                                                 2001      2000
                                                          (UNAUDITED) (AUDITED)
                                                                £'000     £'000

UK corporation tax at 30% (2000: 30%) on the results for the      212       247
year
Overseas taxation                                                 192       869
Prior year under/(over) provision (UK)                              6      (18)
Prior year (over)/under provision (overseas)                     (49)         2
Deferred taxation                                                (67)      (22)

                                                                  294     1,078


6)     DIVIDENDS

An interim dividend of 0.3p per share has been paid for the year and no final
dividend is proposed, making a total for the year of 0.3p (2000:1.0p).

7)     EARNINGS PER SHARE

Earnings per share has been calculated in accordance with FRS14, using
earnings of £17k (2000: £1,119k) and the weighted average number of shares in
issue of 39,855,390 (2000: 38,921,598). Diluted earnings per share has also
been calculated on the weighted average number of shares in issue, as adjusted
by dilutive potential ordinary shares, of 43,077,008 (2000: 41,846,790).

The adjusted earnings per share has been calculated by adding £699k of
exceptional reorganisation costs after tax to the profit attributable to
members of £17k in 2001 and in 2000 by adding £417k of exceptional flotation
costs after tax to the profit attributable to members of £1,119k.


8)     NOTES TO THE CASH FLOW STATEMENT

(1)  Reconciliation of operating profit to net cash inflow from operating
activities

                                                           2001            2000
                                                    (UNAUDITED)       (AUDITED)
                                                          £'000           £'000

Operating profit                                            522           2,456
Depreciation                                              1,681           1,031
Profit on sale of own shares                               (20)            (11)
Loss / (profit) on sale of tangible fixed assets             91            (30)
Decrease / (increase) in debtors                          1,731         (2,444)
(Decrease) / increase in creditors                        (541)           1,556
          Increase in investments                             -            (14)
          Increase / (decrease) in provisions               448            (22)

Net cash inflow from operating activities                 3,912           2,522


(2)  Analysis of changes in net funds during the year

                           31 July 2000  Cash flows   Exchange     31 July 2001
                                                      movement
                              (AUDITED)              (UNAUDITED)
                                  £'000       £'000       £'000           £'000

Cash at bank and in hand          1,802         686        (38)           2,450
Bank overdraft                  (1,218)         268           -           (950)
                                    584         954        (38)           1,500
Bank loans                        (831)     (1,409)        (28)         (2,268)
Hire purchase contracts           (346)          10        (12)           (348)

Net funds                         (593)       (445)        (78)         (1,116)


 (3) Reconciliation of net cash flow to movement in net funds

                                                              2001         2000
                                                       (UNAUDITED)    (AUDITED)
                                                             £'000        £'000

Increase in cash at bank and in hand in the year               686        1,224
Cash inflow/(outflow) from decrease/(increase) in bank         268        (740)
overdraft

Increase in cash for the year                                  954          484
Cash inflow from bank loan                                 (1,409)        (631)
Net cash outflow from hire purchase contracts                   10          148

Changes in net funds from cash flows                         (445)            1
Interest element of hire purchase contract payments              -         (27)
Exchange movement                                             (78)           11

Movement in net debt in the year                             (523)         (15)
Net debt at 1 August 2000                                    (593)        (578)

Net debt at 31 July 2001                                   (1,116)        (593)