Portfolio Company Devlpmts

Interregnum PLC
21 June 2004

21st June 2004

                                 PRESS RELEASE

                                INTERREGNUM PLC

                         Portfolio company developments


Interregnum plc, the technology merchant bank, today announces significant
developments for one of its portfolio companies.

Metapraxis, the consultancy and software group, has signed a multi-year
licensing agreement with PricewaterhouseCoopers in the UK and US for its risk
management software to support PwC's new Performance Risk Management ('PRM')
advisory service. The new PRM service will assist corporations to improve the
quality and adequacy of management reporting, especially in the area of
identifying risks that could impact their short and long-term performance. The
service will use powerful visualisation and analytical techniques available via
the risk management software licensed from Metapraxis.

The licensing agreement will generate significant undisclosed revenues for
Metapraxis from PwC during the next twelve months and also has the potential to
expand the Metapraxis client base significantly via subsequent third party
licensing from PwC's advisory clients in the US and UK.

Interregnum's equity stake in Metapraxis represents 15.5% per cent.


                                    - Ends -


For more information:

Interregnum                                  020 7494 3080
Ken Olisa, Chairman & CEO

Merlin PR                                    
Paul Downes                                  020 7653 6620
Rebecca Penney                               07795 108178


Notes to Editor

1. Interregnum plc (www.interregnum.com), the technology merchant bank, invests
and takes principal finance positions in technology companies and advises major
IT and non-IT corporates, government, technology entrepreneurs, advisors and
investors on issues such as corporate finance, IP exploitation and commercial
due diligence. The company has over 200 man-years of experience in the
technology and corporate finance sectors, which are embodied in proprietary
methodologies, such as the Four Pillars of Value(c) and IP Advantage(c).

2. Metapraxis Limited (www.metapraxis.com) is a consultancy and software group
specialising in Business Performance Visualisation. The company has developed a
reputation for providing rapid pragmatic solutions that let managers assimilate
business performance very clearly and assess future forecasts objectively.
Metapraxis has developed techniques call Predictive Performance Visualisation to
diagnose likely outcomes in a graphically intuitive format. The firm has
conducted over 200 client assignments since the launch of the company in 1984.
Case studies and further details on the company are available on its website.





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