Re Agreement

Billam PLC
30 March 2007


                           Billam plc (the 'Company')


                        Revision to compromise agreement


Billam plc announced at its Annual General Meeting held on 14 July 2006 that
agreement had been reached with the Company's creditor and former Chief
Executive, Angus Forrest to settle the outstanding balance owed to him in cash
over a two year period.


A further agreement has now been reached by which Billam will make an early
payment to Mr Forrest and in return he will receive the Company's shareholdings
in TMO Biotech Limited ('TMO'), Intellego Holdings plc and the balance being
made up of shares in Cybit Holdings plc for a total consideration of £215,000.
The holding in TMO is being sold at a profit of £36,426 and the two quoted
holdings are being sold at the bid and mid market price respectively.


The outstanding total sum of £177,456.30 will be paid to Mr Forrest in three,
equal installments, commencing on 30 September 2007 and ending on 30 September
2008.





Enquiries:


Simon Bennett Tel: [phone]

Chairman



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