Acquisition

Interregnum PLC
14 June 2002





14th June 2002







                                 PRESS RELEASE



                                INTERREGNUM PLC



                      Acquisition of ComputerWire Business





Interregnum plc ('Interregnum'), the IT investment and advisory firm, today
announces that it has leveraged its historic investment position as a secured
debt holder to acquire the business and assets of ComputerWire Services Limited
('ComputerWire') outright and has made additional capital available for
continued market development. The ComputerWire business is the largest provider
of integrated news, opinion, research and analysis for the IT industry
world-wide.



With the strong market acceptance of the new ComputerWire product set among its
three core markets (IT vendors and service companies, global IT user community,
global investment community) and despite harsh market conditions, the
ComputerWire management team recently reported a 27% increase in orders during
Feb-April quarter over the previous quarter and a 13% increase on a
like-for-like basis over the previous year.  Computer Business Review magazine,
wholly owned by ComputerWire, continues to flourish and is reporting strong
support from both its subscribers and its trade sponsors.



Interregnum acquired the loss-making business and assets (with a book value as
of 30 April 2002 of £906,000) of ComputerWire through an administrative
receivership process in exchange for an amount equal to the secured debt owed it
of £1,024,000 plus £44,000 of cash.  The net cash cost to Interregnum for the
acquisition is £44,000.  All other debt and equity in ComputerWire and related
entities is expected to be written off.  Henceforth the ComputerWire business
will operate under ComputerWire Group Ltd and will initially be 100% owned by
Interregnum.





Adrian Merryman, Chief Investment Officer of Interregnum, said:



'We believe that ComputerWire is one of the most exciting IT business
intelligence companies world-wide.  We are delighted by the prospects for the
Company as it consolidates its leadership position in the IT business
intelligence services market, during a period when adverse market conditions are
negatively impacting its competitors.



'This acquisition underlines our commitment to the long-term growth of those
investee companies which continue to generate revenues and to make substantial
progress despite the tough economic climate.'





Simon Cattlin, Chief Executive Officer of ComputerWire, added:



'The Board of ComputerWire is delighted to see Interregnum's continued support
for the Company. As the global IT market recovers, we firmly believe that
ComputerWire is one of the businesses poised for long term success.'





                                    - Ends -




For further information:

Interregnum plc                                       020 7494 3080

Pip Creed

Merlin Financial                                      020 7606 1244

Vanessa Maydon                                        07802 961 902 (mobile)

Clare Maciocia                                        07876 561 305




Notes to Editors





•        Computerwire Group Ltd inherits from ComputerWire Services Ltd the
world leading supplier of integrated news opinion research and analysis for the
IT industry. Its focus is the 10 million worldwide IT professionals working in
the $1 trillion IT market.



•        Since its foundation in 1984 ComputerWire predecessor companies have
gained a reputation for quality, independence, professionalism and
responsiveness. With a presence in London, New York, San Francisco, Sydney and
Paris, it follows the global IT market 24 hours a day.



•        Interregnum previously invested £500,000 in ComputerWire in May 2000 as
part of a £4 million round led by AMP Private Capital. It followed this with an
investment of £233,000 as part of a £637,050 round made in June 2001, which also
included investment by AMP and management.  Most recently Interregnum provided
£500,000 of equity funding in January 2002 to accelerate the Company's sales and
marketing capabilities, and support product development.



•        For further information, www.computerwire.com





                      This information is provided by RNS
            The company news service from the London Stock Exchange