Re Directorate

Web Shareshop (Holdings) PLC
24 October 2001



Web Shareshop (Holdings) plc ('the Company')

Appointment of director and share subscription

Bruce Rowan is joining the board of AIM listed Web Shareshop (Holdings) plc with
immediate effect. The Company and Mr Rowan have agreed that he will subscribe 
for 6.45 million new shares in the Company at 2.5p per share. The transaction 
will be completed on 17 December 2001 or earlier.

Mr Rowan brings his expertise in underwriting fundraising for listed and 
unlisted companies, which he has deployed successfully for a number of companies
over the last 3 years. Mr Rowan is a controlling shareholder in Sunvest 
Corporation Ltd, a company listed on the Australian Stock Exchange (ASX). 
Sunvest has stakes ranging from 5% to 37% in 8 companies - 4 quoted on ASX, 2 on
AIM and 2 on OFEX. He also has stakes in his own name in a number of other AIM 
and OFEX companies.

Web Shareshop was floated on AIM last year with the objective of enabling 
private investors to participate in new issues, particularly Placings, on equal 
terms with institutions. Owing to market conditions, it has not been possible to
proceed with the original plan and the board proposes to use Mr Rowan's skills, 
experience and contacts in the coming year to underwrite fundraising for small 
IPO and pre-IPO businesses, involving shares, warrants and options.

This step enables the company and its shareholders to remain focused on new 
issues and pre-IPO stocks but with a proven business model which the board 
believes will achieve attractive results, regardless of current market 
volatility.

The following information falls to be disclosed in relation to Ronald Bruce 
Rowan in accordance with paragraph F of Schedule 2 of the AIM Rules.

Present Directorships (all since 1987)

Sunvest Corporation Limited 
Murraya Holdings Pty Ltd 
Vogon Pty Ltd
Country Corporation Pty Ltd 
Wellington Pacific Pty Ltd 
Starlight Holdings Ltd.

Bruce Rowan has no unspent convictions for any indictable offence and has not 
been declared bankrupt nor has made any voluntary arrangement with his 
creditors. He has not been a director of a company at the time of or within the 
twelve month preceding any receivership, compulsory liquidation, creditors' 
voluntary liquidation, administration or voluntary arrangement of that company 
or any composition or arrangement with its creditors generally or any class of 
its creditors nor has he been a partner in a partnership at the time of or 
within the twelve months preceding any compulsory liquidation, administration or
voluntary arrangement of that partnership.

He has not had any asset which has been subject to a receivership or has been in
a partnership at the time of or within the twelve months preceding an asset of 
the partnership being subject to a receivership. He has not been publicly 
criticised by any statutory or regulatory authority (including any recognised 
professional body) or has been disqualified by a Court from acting as a director
of, or in the management or conduct of the affairs of any company.

William Jackson
24 October 2001