EGM Statement

Ninth Floor (The) PLC
11 October 2002


Ninth Floor plc (the 'Company') announces that at the EGM held today all
resolutions including those in relation to the Placing and Open Offer of up to
150,000,000 new ordinary shares and the change of the Company's name to Farsight
plc, were approved by shareholders.

The EGM resolutions included an ordinary resolution (the 'Whitewash Resolution')
which approved the waiver by The Panel on Takeovers and Mergers of any
obligation which might otherwise fall on the concert party, comprising Mr J
Dalton, Mr R Davies and Mr M James and their connected parties, to make a
general offer to the shareholders of the Company under Rule 9 of the City Code
on Takeovers and Mergers as a result of the issue of new ordinary shares
pursuant to the Placing and Open Offer.

In accordance with the City Code, the Whitewash Resolution was conducted and
passed following a poll of independent shareholders.  Votes in favour of the
Whitewash Resolution were received from holders of 21,852,901 ordinary shares in
the Company, representing 98.21 per cent. of the votes cast by independent
shareholders.

Following the issue of the new ordinary shares, the shareholdings of the concert
party have increased from 29.90 per cent. to 39.61 per cent.

At the close of the Open Offer at 3.00 p.m. on Monday 7 October 2002, valid
applications had been received in respect of 25,262,632 ordinary shares.  The
balance of 74,737,368 new ordinary shares the subject of the Open Offer were
placed with the concert party.

The Firm placing of up to 50,000,000 was fully subscribed.

In aggregate the Company will issue 155,000,000 new ordinary shares resulting in
the Company now having 302,477,072 ordinary shares in issue.

Admission to trading on AIM of the 155,000,000 new ordinary shares is expected
to take place on 14 October 2002.

At the AGM of the Company also held today all resolutions were duly passed.


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