Disposal

Interregnum PLC
29 March 2000



INTERREGNUM PLC ('Interregnum' or 'the Company')
REALISATION OF GEOCONFERENCE INVESTMENT

Interregnum, the specialist IT venture marketing company,
has    successfully    advised   Geoconference    Limited
('Geoconference'),    the    teleconferencing    services
provider, on its sale to Global Crossing Conferencing,  a
subsidiary  of Nasdaq-quoted Global Crossing Ltd  for  an
undisclosed   consideration.   The   proceeds   due    to
Interregnum  from this transaction amount to  an  initial
consideration of over £360,000 from both the sale of  its
equity  interest and an advisory fee from  Geoconference,
to  be  followed by a further fee arising  from  earn-out
payments   over  the  next  two  years.   The   sale   of
Geoconference represents Interregnum's first  realisation
since  the  Company's shares were admitted to trading  on
the Alternative Investment Market on 13 March 2000.

Interregnum was awarded an equity stake in Geoconference
at the time of its formation in 1996. This was
subsequently augmented by a grant of options, leaving
Interregnum with a 4.2% stake at the time of sale.
Interregnum advised Geoconference on the development of
its business plan to build a new-style, audio and video-
conferencing company.  Ken Olisa of Interregnum became
Chairman of Geoconference in July 1996.  In addition,
Interregnum assisted in two rounds of fund-raising for
Geoconference. In July 1996, 3i and Thomson Clive
provided a total of £1.6 million of start-up capital and
in October 1998, a £500,000 finance facility was provided
by IFT, a US-based trade finance house.

Geoconference has call centres in Glasgow and London and
a national virtual private network.  In 1999, the company
employed around 70 people and generated revenues of
nearly £4m. Its customers include IBM Europe, Clifford
Chance and Deutsche Bank.

Ken Olisa, Managing Director, Interregnum plc commented:

'We take great pride in the successful conclusion of our
venture marketing relationship with Geoconference.  As
Founder shareholders, our hands-on approach to venture
marketing helped George Mackintosh to grow a company from
scratch to a turnover of £4m and 50 strong workforce.  As
M&A advisors to the company we were able to demonstrate
the breadth of Interregnum's services'.

For more information:

Interregnum    plc                      0207 494 3080
Ken Olisa, Managing Director
Adrian Merryman, Chief Investment Officer
Sherry Madera, Principal

Teather & Greenwood Limited             0207 426 9000
Russell Cook
Adrian Dewey

Ludgate Communications                  0207 216 4453
Vanessa Anderson
Tim Davis


NOTES TO EDITORS

*    Interregnum  is  a  specialist IT venture  marketing
     company.   It   works   with   high   potential   IT
     entrepreneurs  to  develop, resource  and  implement
     aggressive, marketing-led, value building strategies
     and to 'transform technology into wealth'.

*    Interregnum  was admitted to AIM on 13  March  2000.
     The closing middle market price on 28 March 2000 was
     175p;  a 25% increase to the placing price of  140p.
     This   values  Interregnum  at  approximately   £113
     million. The proceeds of the placing will be used to
     finance  the expansion of all areas of the business,
     in   particular   its   highly  successful   venture
     marketing activities.

*    Interregnum provides four main services:

     -    Venture Marketing: working as non-executive
          directors with high-potential IT companies to develop,
          fund and implement aggressive business strategies, in
          order to increase realisable market value and create
          wealth;
     -    Venture Capital: working with institutional and
          private investors to source capital;
     -    Research: working with both innovators and investors
          on specific projects where the critical analysis or
          development of strategies is involved;
     -    Mergers & Acquisitions: helps the parties involved
          in M&A transactions to understand and justify the unique
          value attributable to IT companies.

*    Interregnum - (www.interregnum.com) is headquartered
     in  London with an office in San Francisco, USA, and
     associates  in  Silicon Valley and  New  York.   The
     company currently employs 16 people.

*    In     August     1999,     Interregnum     launched
     'enterprise.USA', in conjunction with the DTI-backed
     Software   Business  Network,  to   assist   UK   IT
     entrepreneurs in establishing and building the right
     infrastructure  to  launch  and  sustain  successful
     businesses in the US.

*    Interregnum currently has a portfolio of 24  IT  and
     IT-related investments.