Final Results - Amendment

IBNet PLC
7 September 2001

The issuer advises that the following replaces the final results announcement
released on the 7th September 2001 at 7.00am under RNS number 6143J.

In the third paragraph of the Chairman's statement the word 'not' should have
read 'now'. All other details remain unchanged. The full amended text appears
below.


                 IBNET REPORTS INCREASING DEMAND FOR INTERNET

                                 SURVEILLANCE

IBNet plc, the UK based corporate intelligence Company, has today announced
its preliminary results for the year to 30th June 2001. The Company, which was
listed on AIM last year, provides UK and international clients with Internet
surveillance, market and corporate intelligence and business analysis
services.
-   Client companies rise to 27 (2000 : 2)
-   Revenue increased to £402,000 (2000 : 14,000)
-   Pre tax loss of £1.9m before investment write-off.
-   Marketing partnerships agreed with AON and Hemscott
-   Growth continuing into current year



Mark Ommanney, Chief Executive commented,

'The turbulence and un-regulated growth of the Internet provides an excellent
opportunity for IBNet. As our growing client list shows, companies are
beginning to recognise the potential for corporate abuse or damage to their
brands. Brand Piracy and negative discussion are just two examples on the sort
of activity which concern our clients greatly'.

'Our objective is to use our financial strength to build both organically and,
if the opportunity arises, by acquisition, a long term client base and income
stream'.

'During the year we announced a number of important developments. In February
we launched Sharedetec. This service monitors financial bulletin boards and
financial websites. Clients include market makers and public companies who
want to protect themselves from share ramping. In May Hemscott, the investor
relations company, became a marketing partner for Sharedetec'.

'The opportunity for IBNet is, I believe, strong. Factors such as the
un-regulated growth of the Internet and stock market turbulence, demonstrate
to potential clients the importance of service and good intelligence. The
company is well placed to benefit from this potential and I look forward to
reporting further strong progress. We look to the future with confidence'.

                                   - ends -

Date: 7 September 2001

For further information contact:

IBNet PLC                          City Profile Group

Mark Ommanney, Chief Executive     Ed Senior

020-7629-7676                      Simon Courtenay

web: www.ibnetplc.com              020-7448-3244

                                   e-mail: [e-mail]

Chairman's Statement



I am pleased to report a second year of continued growth for IBNet since our
admission to the AIM market in March 2000. Our client base has grown from 2 to
27 companies and brands. Our revenues have grown significantly from £14,000 to
£402,000.

The increasing need for market intelligence, brand monitoring and protection
is developing a strong demand both in the UK and Europe for our services. Our
clients are recognising that their brands and intellectual property assets
need to be protected on the Internet. Our clients are increasingly aware that
there are significant 'bottom line' implications of brand abuse. IBNet offers
products and solutions to our clients that monitor the Internet to counter
these threats.

Companies are now far more pro-active in taking action against threats to
themselves, their brands and their image. This is particularly the case with
the prevention of fraud, piracy and financial misrepresentation. Increasingly
Internet abuse issues are now the concern of Legal, Marketing and Financial
departments. This contrasts with the previous 12 months when responsibility
lay with client's in-house technology departments.

IBNet has established a leading position in the UK and Europe for our
services. We believe our managed services, backed by our unique technology are
well positioned to serve this developing marketplace.

Financial Results

The financial results for the year ended 30th June 2001 cover 12 months of
trading during which Netdetec and Branddetec performed well, with 80% of our
clients signing up for these services. Our Sharedetec service, launched this
year, addresses the threats which the Internet poses to listed companies
through the misuse of Internet bulletin boards and accounted for the remaining
20% of clients. We believe there is continuing potential for growth in all
three products.

In the period ended 30th June 2001, turnover was £402,000 (2000: £14,000) and
the loss before tax £24.445 million (2000: £595,000). The loss before tax
would have been £1,905,000 before the adjustments stated below, which would
have been in line with our expectations.

At the time of the AIM listing last year the company had to be restructured as
a group with a new holding company, IBNet plc. As a result of hiving up the
business of the subsidiary a carrying value of £21,976,000 was created
together with a related inter company debtor of £564,000. In order to avoid
uncertainties in the future arising out of the accounting conventions for
investment impairment your board has decided to write off these amounts
entirely. There is clearly no cash effect to this accounting adjustment.



Business Review

During the last 12 months we have established a presence for IBNet's services
within the following sectors:

*    Brand
*    Entertainment and Media
*    Financial Services
*    Legal
*    Pharmaceuticals
*    Telecommunications
*    Logistics and Delivery Services



Our clients are major blue chip UK and European companies within each of these
sectors. We respect their need for confidentiality and therefore unfortunately
we are unable to name the majority of our clients.

We are pursuing a strategy of marketing our services to these sectors. I am
happy to report that we have increased our sales team in the last quarter of
the year. Our four new sales personnel were selected for their experience of
both Internet surveillance and the sectors upon which we are focusing. Mike
Atkinson, our sales director, has now elected to pursue other interests
outside the company and has resigned as a director. We wish him well in the
future.

In March 2001 we added the role of Head of Marketing to take control of all
the elements required to develop and implement our strategy. We are delighted
to welcome David Bickers into this role. David has been with us as a
consultant since September 1999 and has been key in implementing our marketing
strategies.

In addition we have broadened IBNet's sales distribution for Netdetec by
entering into a relationship with 'Reach U', a division of insurance giant
AON. The Reach U network of partners provide considerable breadth of services
to protect brand, secure systems, data and intellectual property. Netdetec
features as part of the Reach U offer and will be sold though AON's UK sales
force directly into their extensive client base. The full effect of these
initiatives should make their returns in 2002.

This year we have exhibited once again at the Brand Licensing Show in New
York. We launched an initiative at the show in association with LIMA - the
official association for the Licensing industry of whom we are members - and
leading IP legal firm Wragge & Co, to take action against the growth in links
from children's cartoon characters and entertainment favourites to unsavoury
sites. This initiative will be developed over the next six months.

Product Developments

The last 12 months have seen the continuing evolution of our product offering.
We are evolving IBNet from being simply a 'monitoring' tool to a corporate
intelligence service. IBNet is becoming an essential part of the intelligence
and research resources of our clients. To support this evolution we have
expanded our research and account handling departments during the year. More
recently we have introduced a new business analyst department. This area
conducts research into client specific areas, analyses the results found by
our technology and delivers a set of recommendations to our client companies.
We see this as a valuable service to clients who do not have the resources in
house to analyse and exploit the data delivered to them. This in turn will
help us to develop our business in new market areas.

This year has seen the successful launch of our Sharedetec service, which
addresses the threats the Internet pose to listed companies through the misuse
of Internet bulletin boards. We announced a sales association with Hemscott in
May of this year for Sharedetec and we see sales from this relationship
growing positively over the next 12 months.

Our technical development is also progressing well. A key element of the
construction of our technology is that it gives us the flexibility to respond
rapidly to client requirements. During the course of the year we have
responded to a number of client specific needs, which has in turn provided our
customers with many additional features.

Over the last 12 months we further developed our technology and continue to
develop and improve it to our own exacting standards. Netdetec version 2, with
additional functionality giving clients added value will be launched prior to
the end of 2001.

We have promoted Mike Patton to Chief Technical Officer. This has allowed our
Technical Director Rob Nayler to focus on developing future new product
concepts and territorial market opportunities. Mike has a team of ten people
tasked to ensure our service is meeting client expectations. We have now
completed our 'back up' support transfer to a location at Heathrow
guaranteeing our clients additional security. Additionally, it is our
intention during the next 12 months to further develop our Newsdetec media
monitoring proposition. This is a bespoke service that visits Internet
communities and other specific sites on a regular basis to alert companies to
changing comments and interest in their brands and services. We see this
service developing into a unique marketing intelligence tool and are currently
in discussion with a number of UK based potential partners for this product.

Future Prospects

The last 12 months has seen us grow in strength and depth - launching
Sharedetec, adding new sales, technical, research, and analyst personnel and
creating new senior management positions. Our infrastructure is in place to
accommodate the continuing growth of our business. We are also considering
options to expand our business by possible acquisition in related areas. This
would enable us to position ourselves as a broadly based company serving the
field of corporate intelligence and information management.

We are continuing to develop IBNet's business in line with our expectations.
Our service is evolving from being simply a 'monitoring' tool to a corporate
intelligence service. We believe that there is a great deal of potential for
our Internet monitoring products, and that we are excellently placed to
exploit this market. We look forward to meeting the market demand with our
improved service offer, new products and new partnerships and to further
expand our position as dominant provider in the UK and Europe.

I would like to thank my Board and all my colleagues at IBNet for their
substantial contributions to our development and growth. We look forwards to a
further year of growth for IBNet and I look forward to reporting further
strong progress.

David Heynes

Chairman





Profit and Loss for the year

ended 30 June 2001
                                               Note                  24 Weeks
                                                         2001          2000
                                                      £'000  £'000  £'000 £'000

Turnover                                         1             402           14
Cost of sales                                                 (48)            -
                                                            ________    ________
Gross profit                                                   354           14

Administrative Expense
Fixed assets investment impairment                  (21,976)            -
Other administrative Expenses                        (3,008)          694
                                                     _______        ______
Total administrative Expenses                               (24,984)       (694)
                                                            ________    ________
Operating loss                                              (24,630)       (680)
Net interest                                                   185           85
                                                            ________    ________
Loss on ordinary activities before Taxation      1          (24,445)       (595)

Tax on loss on ordinary activities               2               -            -
                                                            ________    ________
Loss on ordinary activities after taxation                  (24,445)       (595)
deducted from reserves
                                                            ======       ======

Basic and fully diluted loss per share           3          44.48p        1.50p
                                                            ======       ======


There are no other recognised gains or losses other than the loss for the
period.

All operations are continuing.

Balance Sheet as at 30 June 2001


                                                    Note        2001       2000
                                                               £'000      £'000

Fixed assets

Investment                                           4             -     21,976
Tangible fixed assets                                            449        266
                                                            ________   ________
                                                                 449     22,242

Current assets

Debtors: amounts recoverable in one year                         253        228
Debtors: amounts recoverable in more than one year                 -        564
Cash at bank and in hand                                       2,041      4,044
                                                            ________   ________
                                                               2,294      4,836

Creditors: amounts falling due within one year                 (426)      (316)
                                                            ________   ________

Net current assets                                             1,868      4,520
                                                            ________   ________

Total net assets less current liabilities                      2,317     26,762
                                                            ________   ________

Capital and reserves

Called up share capital                                       13,738     13,738
Share premium account                                         13,619     13,619
                                                            ________   ________
Profit and loss account                                     (25,040)      (595)
                                                            ________   ________

Equity shareholders' funds                                     2,317     26,762
                                                            ________   ________







Cash Flow Statement for the year ended 30 June 2001
                                                             2001          2000
                                              Note   £'000  £'000  £'000  £'000

Net cash outflow from operating activities      5          (1,890)         (662)

Returns on investments and servicing of
finance
Interest received                                      185            86
Interest paid                                            -           (1)
                                                    ________        ________

Net cash inflow from returns on                               185            85

investments and servicing of finance

Capital expenditure and financial investment
Purchase of tangible fixed assets                      298           169
                                                    ________        ________

Net cash outflow from capital expenditure and               (298)         (169)
financial investment

Acquisitions and disposals                               -             3

Net cash acquired with subsidiary
                                                    ________        ________

Net cash inflow from acquisitions and                           -             3
disposals
                                                           ________     ________

Net cash outflow before financing                          (2,003)         (743)

Management of liquid resources
Cash placed on fixed term deposit account                   2,300        (4,000)

Financing
Issue of shares                                          -         6,050
Repayment of loan capital                                -         (594)
Expenses paid in connection with share issues            -         (669)
                                                    ________        ________

Net cash inflow from financing                                  -         4,787
                                                           ________     ________

Increase in cash                                6             297            44
                                                           ________     ________





Notes to the Financial Statements for the year ended 30 June 2001

1 TURNOVER AND LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

The turnover is attributable to the principal activity which is carried on in
the United Kingdom.

The loss on ordinary activities before taxation is stated after charging:

                                                                       24 weeks
                                                              2001         2000
                                                             £'000        £'000
Auditors, remuneration
Audit services                                                  16           17
Non-audit services                                               5            3
Depreciation and amortisation
Tangible fixed assets                                          115           19
Operating lease rentals -land and buildings                     37            9
Fixed assets investment -impairment loss                    21,976            -
Amount provided against amounts receivable
From subsidiary undertaking                                    564            -
                                                          ________     ________

2 TAX ON LOSS ON ORDINARY ACTIVITIES

There are tax losses of approximately £2,765,000 (2000: £649,000) to carry
forward and use against future profits of the same trade.

3 LOSS PER SHARE

The calculation of the basic loss per share is based on the loss attributable
to ordinary shareholders divided by the weighted average number of shares in
issue during the period.

Reconciliations of the loss and weighted average number of shares used in the
calculations are set out below:

Computation of loss per share:

                   Loss       Weighted    Amount  Loss       Weighted    Amount
                        average number pence per       average number pence per
                             of shares     share            of shares     share
                   2001           2001      2001  2000           2000      2000
                  £'000                          £'000
Basic and diluted

Loss per share
Loss attributable 24,445     54,952,000     44.48   595     38,530,543      1.50
to Ordinary
Shareholders



There was no dilutive effect of the options in place at 30 June 2001 and 30
June 2000, in view of the loss for the year.





4 FIXED ASSET INVESTMENT
Subsidiary undertakings:                                                   2001
                                                                          £'000

Cost
At 1 July 2000                                                           21,976
Impairment losses                                                      (21,976)
                                                                       ________
Net book amount at 30 June 2001                                               -
                                                                       ________

Net book amount at 30 June 2000                                          21,976
                                                                       ________

At 30 June 2001 the undertaking in which the company held 20%or more of the
share capital of:

Name of subsidiary        Country of     Class of share Proportion    Nature of
undertaking            incorporation       capital held       held     business

IBNet (UK)Limited     England &Wales    Ordinary shares       100%      Dormant

At 30 June 2001 the aggregate capital and reserves of IBNet (UK) Limited
amount to a deficit of £564,000 (2000: £564,000) and the loss for the year to
30 June 2001 was £nil (2000:£565,000).

IBNet (UK) Limited was dormant throughout the year ended 30 June 2001.



5 NET CASH OUTFLOW FROM OPERATING ACTIVITIES
                                                             2001         2000
                                                            £'000        £'000

Operating loss                                           (24,630)        (680)
Depreciation                                                  115           19
Fixed asset impairment                                     21,976            -
Decrease/(increase)in debtors                                 539        (187)
Increase in creditors                                         110          186
                                                         ________     ________
Net cash outflow from operating activities                (1,890)        (662)
                                                         ________     ________



6 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS
                                                                  2001     2000
                                                                 £'000    £'000

Increase in cash in the period                                     297       44
Cash to repurchase debentures                                        -      594
Cash (inflow)/outflow from (decrease)/increase in liquid       (2,300)    4,000
resources
                                                              ________ ________
Change in net debt resulting from cashflows                    (2,003)    4,638
Debentures acquired with subsidiary                                  -    (594)
Net funds at 1 July 2000                                         4,044        -
                                                              ________ ________
Net funds at 30 June 2001                                        2,041    4,044
                                                              ________ ________

7 NATURE OF THE FINANCIAL INFORMATION

The foregoing financial information does not amount to full accounts within
the meaning of Section 240 of the Companies Act 1985. The financial
information has been extracted from the Company's Annual Report & Accounts for
the year ended 30 June 2001 on which the auditors have given an unqualified
report.

Copies of the annual report and accounts will be posted to shareholders
shortly and will be available from the Company's registered office at 11 High
Street, Egham, Surrey, TW20 9EA.






END