Re: Sale of uDate.com

Interregnum PLC
07 April 2003

7th April 2003



PRESS RELEASE



                                INTERREGNUM PLC



                          Sale of uDate.com Completed



Interregnum plc ('Interregnum' or 'the Company'), the information technology
investment and advisory firm, is pleased to confirm that the sale of uDate.com
to USA Interactive completed successfully on 4th April 2003.



Interregnum held a small equity position in uDate.com and acted as advisor to
the firm on this transaction.  As a result, Interregnum will receive an advisory
fee of US$1 million and a residual equity position in USA Interactive (NASDAQ:
USAI) worth in excess of US$300,000 at the close of Friday 4th April 2003.



Interregnum stated at its interims results in March 2003 that the successful
completion of the sale of uDate.com to USA Interactive would be of material
benefit to the Company in the current financial year.



Commenting on this transaction, Ken Olisa, Chairman & CEO of Interregnum, said:



'We are delighted that the successful completion of this transaction clearly
reinforces Interregnum as a quality IT investment and advisory company.  In
addition, the sale of uDate.com to USA Interactive proves that, despite the very
difficult market conditions in which all companies are operating, there still
remain transactional opportunities for technology firms.



'Although progress in building the value of the Company's portfolio and
operational profitability remains measured, our role in the growth and sale of
uDate.com provides us with confidence in the value and prospects for the Company
going forward.'



                                     -Ends-



For further information, please contact:


Interregnum plc                                               Tel: [phone]
Ken Olisa, Chairman and Chief Executive

Merlin Financial                                              Tel: [phone]
Vanessa Maydon / Clare Maciocia




                      This information is provided by RNS
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