Disposal

Interregnum PLC
16 October 2002

16th October 2002


                                 PRESS RELEASE

                                INTERREGNUM PLC

                         Sale of ComputerWire Business


Interregnum plc ('Interregnum'), an information technology investment and
advisory company, today announced that it has sold its holding in the
ComputerWire Group Limited ('ComputerWire') to Datamonitor plc through
receivers, Tenon Recovery.


ComputerWire, founded in 1984, is an information source on the IT industry,
providing news, analysis, research and advisory services on the IT market and
publication of the monthly magazine, Computer Business Review.  ComputerWire's
clients include top IT vendor and services companies, global organizations, and
investment banks and VCs.  The company employs 55 people in its UK headquarters
and also has offices in New York and San Francisco.  The last audited published
accounts of ComputerWire for the year ended 31 July 2000 reported turnover of
£4.7 million and a pre-tax loss of £1.4 million. In the fourteen months to 30
September 2002 ComputerWire's unaudited management accounts showed turnover of
£4.3 million and a pre-tax loss of £1.2 million.

Datamonitor plc is a premium business information company specialising in
industry analysis. The company helps its clients, 5000 of the world's leading
companies, to address complex strategic issues. Through its proprietary
databases and wealth of expertise, Datamonitor provides clients with unbiased
expert analysis and in-depth forecasts for six industry sectors: Automotive,
Consumer Markets, Energy, Financial Services, Healthcare, Technology.

As part of this transaction, Interregnum will receive an upfront cash payment of
£0.5 million and future consideration of as much as an additional £0.7 million.
Such future consideration would result from either or both of the following:


  • A 50% share of any ComputerWire bookings which exceed  £3.5 million for
    the year ended 30 September 2003

  • A 20% share of the sale proceeds in excess of  £100,000, should Computer
    Business Review be sold prior to 1 October 2007


Interregnum acquired the business and assets of ComputerWire Services Limited
outright in June 2002 by leveraging its historic investment position as a
secured debt holder.  The company henceforth traded as ComputerWire Group
Limited.


The cash received from this transaction will increase the funds available to
Interregnum for working capital and investment purposes.


Adrian Merryman, Chief Investment Officer of Interregnum, said:


'Through this transaction we are delighted to have achieved our goals of
protecting the employees and customers of ComputerWire, placing the company in
the hands of a talented strategic buyer who is well positioned to help
ComputerWire realise its full potential, and increasing the likelihood of
recovering nearly all of our investment in ComputerWire in the midst of a very
difficult market environment.'


                               -          Ends -


For further information:

Interregnum plc                                    020 7494 3080

Martin Cooper

Adrian Merryman

Merlin Financial                                   020 7606 1244

Vanessa Maydon

Clare Maciocia


Notes to Editors


•         Interregnum plc is an information technology investment and advisory
company. Founded in 1992 by Ken Olisa, Interregnum is headquartered in London,
employs 20 people, and works with technology companies, entrepreneurs, and other
investors to transform technology into wealth.

Interregnum provides both the intellectual and financial capital which
technology companies need at each stage of their life cycle, from conception
through to exit. 250+ man-years of experience in the technology and corporate
finance sectors are embodied in proprietary methodologies such as the Four
Pillars of Value(c) to support offerings in research, market assessment,
valuation, due diligence, acquisition, venture capital, corporate venturing, and
recovery.

Interregnum is quoted on the London Stock Exchange's Alternative Investment
Market (symbol: ITR), and is regulated by the Financial Services Authority.


•         For further information, www.interregnum.com


•         ComputerWire Group Ltd is the world leading supplier of integrated
news opinion research and analysis for the IT industry, following the global IT
market 24 hours a day. Its focus is the 10 million worldwide IT professionals
working in the $1 trillion IT market.


•         For further information, www.computerwire.com


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