Fthr re CybIT Holdings plc

Billam PLC
27 February 2001

                                  BILLAM PLC


                Offer for subscription for CybIT Holdings plc


Due to unforeseen delays in mailing the CybIT Holdings plc prospectus to
Billam shareholders, the closing date for applications has been extended by
four days to 3.00pm on Monday 12 March. All other terms of the offer remain
unchanged.