Internet Agreement

ONLINE PLC
23 September 1999


On-line PLC and GlobalNet join forces in new Internet Deal and Share Swap



On-line PLC ((London) AIM:ONL ) and GlobalNet Financial (GLBN) today announced
an agreement to bring On-line's ground breaking stock market visualisation
tool to GlobalNet Financial's UK-Invest site and soon after, to its whole
family of world-wide financial websites. On-line PLC and GlobalNet Financial
have agreed a revenue sharing deal. In addition, the relationship between the
two companies has been cemented with a  £250,000 mutual share swap.

On-line will be developing a unique version of its innovative visualisation
tool, 'code-named' The Edge, initially for GlobalNet Financial's UK-iNvest
site (the Freeserve PLC exclusive financial site). UK-iNvest.com has achieved
a 533% rate of growth in page views, increasing from 525,000 in May 1999 to
2.8 million in July, with an average user session length of about 23 minutes.

Michael Hodges, Managing Director of On-line PLC said, 'this is a significant
step that takes The Edge into the mainstream. We are very optimistic about the
prospect of this technology and we feel the deal validates our belief in the
considerable potential of this project.'

Stanley Hollander, co-CEO of GlobalNet Financial said, 'Our business strategy
is to leverage our wholly-owned highly trafficked websites. On-line PLC is
producing a unique and extremely powerful tool that gives us the kind of
feature that fits our international network perfectly.' 

About On-line PLC

On-line was founded in 1989 and floated on the AIM market in 1996. It has
recently announced a major departure from its Internet gaming background into
Internet Stock Market visualisation using its state of the art simulation game
technology to product ground breaking real-time 3D investment tools. 

On-line PLC is a developer and publisher of Internet properties including
massively multiplayer games and big budget CD-ROM games for most major
systems. It develops for third party publishers including Canal Plus
Multimedia, a unit of the French Satellite TV company and THQ a major US
publisher. Its Internet products include Iron Wolves, an award winning
massively multiplayer naval simulator, which can be accessed from the
companies web site http://www.on-line.co.uk 

About GlobalNet Financial.com, Inc. 

GlobalNetFinancial.com is a rapidly expanding international provider of online
financial news, investment tools, and transaction services. GLBN is leveraging
its highly trafficked websites by partnering with leading ISP's, ECN's, and
brokerage and clearing firms globally to create an international network of
online transaction businesses in US stocks, UK stocks, Canadian
stocks and foreign exchange. GlobalNet maintains substantial ownership
positions in these transaction businesses. 

GlobalNet Financial has previously announced: 1.) a strategic partnering
agreement with World Online International, the largest pan-European Internet
Service Provider and portal spanning 13 countries throughout the European
Union, Eastern Europe and Africa; 2.) a definite agreement with partners
including, First Marathon and Mesirow Financial to jointly own and offer
online trading and securities clearing services in the UK and EU; 3.) a joint
venture agreement with First Marathon, Inc., a leading Canadian investment
firm, to jointly own and develop an online trading business for Canada and a
premier financial website, Canada-iNvest.com, in Canada; 4.) a joint venture
with the NexTrade ECN and Valhalla Forex to jointly own and operate
MatchbookFX, a 24-hour, global online trading platform for foreign currency
exchange; and, 5.) a joint venture with an Italian consortium to jointly own
and develop www.Italia-invest.com, a premier web site offering up to the
minute news, commentary and data on the Italian financial markets. 

GlobalNet Financial.com, Inc. is headquartered at 2425 Olympic Boulevard,
Suite 660E, Santa Monica, California, 90404. The company's European
headquarters are at Clarendon House, 11-12 Clifford Street, 6th Floor, London,
W1X 1RB, United Kingdom; telephone [phone]. 

For investor relations call Robert B. Prag, President, The Del Mar Consulting
Group, Inc., 858-794-9500. 

For UK media relations regarding On-line PLC call James Mellville Ross, Square
Mile Communications, Ltd. at [phone].  For Uk media relations
regarding GlobalNet Financial call Adrian Weston, weston.com on + 44-1273 -
506655.