Completion of Transaction

365 Corporation PLC 24 December 2001 24 December 2001 365 and Chrysalis complete transaction Following the signing of a heads of agreement announced on 26 November 2001, 365 Corporation plc ('365') and Chrysalis Group plc ('Chrysalis') announce that the transaction to transfer their respective internet content businesses and related assets to form a new company has been completed. The company, temporarily known as Newco, will be called Rivals Digital Media Ltd. Martin Turner, CEO of 365, commented: 'The completion of this transaction marks a significant milestone for 365 in focusing our efforts on developing our telecommunication assets and technology, particularly in the fast-growth area of Voice Services where 365's Eckohtec division is a leading player in the European market.' Enquiries: 365 Corporation plc Tel: 01442 458 355 Martin Turner, Chief Executive Officer Nik Philpot, Chief Operating Officer Financial Dynamics Tel: 020 7831 3113 Ben Atwell/Sam Robbins Chrysalis Group plc Tel: 020 7221 2213 Richard Huntingford, Group CEO Lisa Gordon, Director of Corporate Affairs

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