Chairman's Statement

IBNet PLC
31 October 2000


For Immediate Release
                                                           31 October 2000


IBNET ANNUAL GENERAL MEETING


                      CHAIRMAN ANNOUNCES AGREEMENTS WITH


                          KPMG, AON and ROLLS-ROYCE


At the Annual General Meeting of IBNet plc held today in London, Chairman,
David Heynes made the following statement:

'Following the announcement of several successful contracts that I made in my
end of year statement, I am delighted to announce that we have recently
reached agreement with three further prestigious organisations to supply them
with Netdetec, our Internet surveillance service. These agreements represent a
further important step in the development of IBNet.

'The first agreement is with KPMG to develop the potential of the Netdetec
service in two areas. It will be used initially within KPMG themselves as an
in-house facility and secondly direct to KMPG clients where appropriate.

'IBNet has also agreed a partnership with AON Global Risk Consultants which
has a substantial client base and expertise in risk control, risk management
and financing solutions. The Netdetec service will enable AON to develop a
competitive advantage through offerings in its risk products and services.

'Lastly, IBNet is working with Rolls-Royce plc to develop an Internet
monitoring and surveillance solution using Netdetec.'


For further information, please contact :


IBNet

Mark Ommanney, Chief Executive
     01784 221 221

Buchanan Communications

Tim Anderson /Isabel Petre
             020  7466 5000