Issue of Equity

betinternet.com PLC
13 January 2006




FOR IMMEDIATE RELEASE


13th January 2006


                        Placing and Loan Note Conversion


The Board of betinternet.com plc, ('betinternet' or 'the Company') the global
on-line gaming group, confirms that following the passing of the resolutions
proposed at the Extraordinary General Meeting ('EGM') of the Company on 11
January 2006, the placing of 40 million new Ordinary Shares with Burnbrae
Limited ('Burnbrae') at a price of 4p per share has been completed, raising a
total of £1.6 million for the Company before costs.  In addition, Burnbrae's
existing loan (comprising of up to £250,000 of principal and £7,703.08 of
accrued interest) has been amended and restated to provide that Burnbrae is
entitled to convert that aggregate amount at the rate of one Ordinary Share for
every 4p of such amount converted.  Burnbrae has now elected to convert that
aggregate amount into an additional 6,442,577 new Ordinary Shares.  The Board
has allotted 46,442,577 new Ordinary Shares as a result of the placing and loan
note conversion.  This allotment will increase the holding of Burnbrae and its
connected parties to 50.28 per cent of the issued ordinary share capital.
Application will be made for admission of the new Ordinary Shares to trading on
AIM which is expected to become effective on 18 January 2006.


The Board believes that the raising of this additional finance will enable the
Company to move ahead with several strategic developments including the
relocation of the Company Sportsbook servers to Curacao, which will allow the
Company to accept US wagers, and the continuing development of an improved
software platform.



                                      ENDS





For further information:

betinternet.com plc                                   Tel: [phone]
Garry Knowles, Managing Director

Williams de Broe plc                                  Tel: [phone]
Joanne Lake

Britton Financial PR                                  Tel: [phone]
Tim Blackstone




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