Acquisition

Online Travel Corporation PLC
1 November 2001

For Immediate Release
Thursday, 1 November 2001



                             ONLINE TRAVEL CORPORATION
                                ACQUIRES IF YOU TRAVEL

Online Travel Corporation plc, ('OTC') the travel technology and distribution
group has, on 31 October 2001, acquired the business and assets of If You
Travel Limited ('IYT'), for an initial consideration of £213,703 which is to
be satisfied by the issue to the vendors of 1,257,080 ordinary shares at 17
pence per share.

This acquisition includes the trade of the ski, golf, dive and adventure sites
including one of Europe's largest specialist ski sites ifyouski.com, formerly
Complete-Skier. In the year to 30 September 2001 the business generated gross
sales of £1.7 million and a gross profit margin of £355,000. IYT operates
specialist ski and golf sites for many leading portals, including aol.co.uk,
excite.co.uk, yahoo.co.uk and lastminute.com.


The acquisition also includes all the fixed assets, proprietary technology and
content, plus cash assets of £236,700, before reorganisation provisions
estimated to be £141,400.


OTC intend to offer these specialist ski, golf, dive and adventure travel
services to some of the eighty plus client sites they currently operate and
integrate OTC technology and products on IYT sites.


Commenting on the acquisition, Mark Jones, CEO of OTC, said: 'This acquisition
adds to our growing status as the leading e-travel group in the UK. It
satisfies our stringent acquisition criteria by adding good quality content,
technology and expertise in specialist areas, and we expect this division to
make a positive contribution to our central overhead in the first quarter next
year. This will bring new customers and revenues and we already have plans in
place to reduce costs by eliminating the considerable cost duplication. Adding
specialist product is important to our objective of building the most
comprehensive and diverse online travel portfolio in Europe.'


The Initial consideration will be payable via the issue of 1,257,080 (1.5%)
ordinary shares in OTC at 17 pence per share on completion. Deferred
consideration of up to 538,752 ordinary shares at 17 pence per share will be
due in May 2002, subject to IYT achieving certain revenue and gross profit
goals in the forthcoming ski season, in addition to some deferred cash
consideration based on a percentage of net travel profits over the next three
years.


Application for the admission of the 1,257,080 Initial consideration ordinary
shares to trading on the Alternative Investment Market of the London Stock
Exchange ('AIM') will be made and dealings are expected to commence on
Wednesday 7 November 2001.


OTC October sales almost double on same month last year


OTC also announced that in spite of the events of 11 September, gross sales in
October were more than 90% higher than the level of sales achieved in the same
month last year, with almost treble the number of transactions completed.
Jones commented 'We were able to respond quickly to the change in consumer
demand patterns by focusing on European short breaks and lower risk
destinations. This shift in demand to short-breaks, coupled with the large
discounts on offer, resulted in a lower sales value per transaction, so we're
pleased that our gross sales revenue was still some 90% more than that in
October last year.'




For further information contact:


Online Travel Corporation Plc
Mark Jones, CEO                          Tel: [phone]




Noble & Company Limited
Chris Barker                             Tel: [phone]



About Online Travel Corporation, plc
OTC is a travel technology and distribution business, providing a
comprehensive range of technological solutions, travel products and ancillary
travel services to ISP's, Media and Affinity Groups and Corporate
Organisations.  It provides bespoke technology solutions linked to its wide
product range to produce a one-stop travel service through the Internet,
supported by telephone call centres for leisure and corporate clients to
fulfil their travel needs.  OTC provides a comprehensive range of travel
products and ancillary travel services is both a travel agent and tour
operator. OTC strategy focuses on low-cost routes to market with lower
customer acquisition costs compared to that of a mass-market consumer brand
and is focused on selected business areas.  OTC has launched some 80 travel
sites with Strategic Partners in the last 18 months and via these partner
sites has access to a potential customer base to over 16 million online users.
OTC is quoted on the Alternative Investment Market of the London Stock
Exchange. Additional information is available at
www.onlinetravelcorporation.com