Acquisition

Interregnum PLC
22 February 2006

22nd February 2006

                        Interregnum plc ('Interregnum')

    Completion of Placing and acquisition of Quayside Corporate Services Ltd

Further to obtaining shareholder approval to all of the resolutions proposed at
the Extraordinary General Meeting on Tuesday 21 February, the Board of
Interregnum is pleased to announce the following:

Placing

The Board has raised a total of £10 million (before expenses) via a placing of
151,515,152 shares ('Placing') with institutional investors at a share price of
6.6 pence. The institutional investors to the placing are: Schroder Investment
Management, Artemis Investment Management and Liontrust  Asset Management.

Acquisition

In addition, the Board has completed the acquisition of 100 percent of the
issued share capital of Quayside Corporate Services Limited ('Quayside') in
consideration for the issue of 90,909,091 new Interregnum shares and a cash
amount equal to the net assets of Quayside on 28th February 2006.

The consideration shares will represent 27.1 percent of the enlarged issued
share capital of Interregnum following completion of the Placing and the
acquisition.

Quayside is led by David Mills, Managing Director who will join the Board of
Interregnum with immediate effect.

Shares in issue

Application will be made for the 242,424,243 ordinary shares to be issued and be
admitted to trading on AIM.  Dealings will commence in the new ordinary shares
today, the 22nd February 2006.The total number of shares in issue is now
334,849,496.

Niall Doran, Chief Executive of Interregnum plc said,

'This placing and acquisition are vital steps in the creation of a new merchant
bank that now has the fire-power to expand our principal finance and syndicated
finance investment activities and to execute higher-value corporate finance
transactions.'

                                      Ends

Enquiries:

Interregnum plc                                         020 7494 3080
Niall Doran (Chief Executive)

Madano Partnership (PR to Interregnum)                  020 7593 4000
Toby Wilkinson/Matthew Moth

Notes

Quayside was established in 1999. It specializes in the restructuring and
turnaround of businesses. To date it has worked on over 120 cases and has 33
live programmes underway at the moment with over £250 million of funds managed.

For the year ended 31 December 2005, Quayside generated revenues of £2.0 million
and profit after tax of £0.66 million.

Quayside is led by David Mills, Managing Director (who will join the Board of
Interregnum following completion of the acquisition) supported by Sandra
Thomson, Head of Leisure, Michael Bancroft, Head of Media & Fashion, Chris
Langridge, Head of Finance and Audit and Chris Marks, Head of Engineering/
Manufacturing.


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