Holding(s) in Company

IBNet PLC
8 July 2003


Letter to Ibnet plc
Dated 4 July 2003

Disclosure of interests in shares

Further to our letter of 27 September 2002 and in accordance with Section 
198-202 of the UK Companies Act 1985, we are writing on behalf of Deutsche Bank 
AG to inform you that on the basis that the relevant issued share capital of 
your company is 74,952,000 ordinary shares, Deutsche Bank AG, and its subsidiary
companies have a notifiable interest in 2,929,657 ordinary shares of Ibnet plc,
amounting to 3.90%. Part of this holding may relate to hedging arrangements for 
customer transactions

Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany.

Letter from Deutsche Bank AG London

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