#1.7m Adaptive Invest-Replace

Interregnum PLC
8 May 2001


The issuer advises that the following replaces the £1.7 Million Investment in
Adaptive announcement release on 3rd May 2001 at 07.00hrs under RNS 0436D.


The date should have read 3rd May 2001 and not 3rd April 2001 as previously
stated. All other details remain unchanged the full amended text appears
below.


Thursday 3rd May 2001

                                PRESS RELEASE

                               INTERREGNUM PLC

                     £1.7 Million Investment in Adaptive

Interregnum plc ('Interregnum'), the IT investment and advisory company, today
announces that it has led the third round equity funding for Adaptive Ltd
('Adaptive'). Interregnum provided £800,000, 3i £500,000 and Abbey National £
400,000. The funding will be used to accelerate the sales and marketing
programme for Adaptive and to extend international distribution.

Bournemouth-based Adaptive, formed in 1996, develops and markets software
tools and services that enable global businesses to remain agile and respond
rapidly to market changes, by integrating their business and IT functions
through the deployment of enterprise repository technology.

Adaptive customers include Dunn & Bradstreet, Royal & SunAlliance, Banque
Brussells Lambert and Abbey National.

Adaptive recently signed an agreement with Unisys where Adaptive has acquired
source code rights to the underlying repository platform (UREP). Unisys has
taken an equity position in the company.

Commenting on the investment, Graham Ransom at Interregnum plc, said:

'Adaptive boasts world-class products and expertise that are reflected in the
quality of its international blue chip customer base. The company is now
recognised as a market leader in enterprise repository solutions.

'Adaptive has selected an excellent time to expand its operations. Global
organisations are seeking the tools and expertise to manage the complex
integration of their business and IT functions. Without this integration, the
productivity increases promised by Information Technology often remain
unrealised.

'We are delighted to have worked with the Adaptive since 1997 in its
successful fundraising and in the development and implementation of its
business and marketing strategies.'


                                                                      More....

                                Colin Fox, Chief Executive of Adaptive, added:

'To secure such funding in today's difficult market is a real boost to the
team at Adaptive and sends a strong signal to the market. We have been
fortunate enough to secure the services of a number of leading professionals
to strengthen our management team and now look forward to being able to
execute on our strategies for growth.'


                                    -Ends-


For further information please contact:
Graham Ransom, Managing Director (Venture Marketing)

Pip Creed, Senior Marketing Executive                   Tel:     [phone]

Interregnum plc
Vanessa Maydon                                          Tel:     [phone]

Merlin Financial



NOTES TO EDITORS

Interregnum plc

  * Interregnum plc ('Interregnum') is an IT investment and advisory
    company. It works with high-potential IT entrepreneurs to develop,
    resource and implement aggressive, marketing-led, value-building
    strategies which 'transform technology into wealth'.
  * It provides both intellectual and financial capital to companies from
    conception to exit including:
  * Venture Marketing: working as non-executive directors with IT companies
    to develop, fund and implement aggressive business strategies;
  * Research & Consulting: working with innovators and investors on specific
    projects where the critical analysis or development of strategies is
    involved;
  * Transactions: advising on mergers and acquisitions, principally focusing
    on turn-arounds and roll-ups;
  * Venture Capital: co-investing with institutional and private investors.
    Interregnum is also raising a £75 million venture capital fund.
  * Interregnum - (www.interregnum.com) is headquartered in London with an
    office in San Francisco, USA, and associates in Silicon Valley and New
    York. The company currently employs 24 people.
  * It currently has a portfolio of over 30 IT and IT-related investments
    with holdings principally in hardware, software, services and internet
    infrastructure businesses.
  * Its recent investments include:
  * Respond: £2 million in a CRM software and services vendor
  * Nanomagnetics: £500,000 in an information storage materials company
  * Computerwire: £250,000 in an online IT intelligence researcher and
    publisher
  * On board Info: £950,000 in software and e-commerce e-calendar company
  * Mediasurface: £270,000 in a web content management company
  * Datapoint: £3.9 million in a contact centre consultancy and services
    company
  * Synaxia: £67,000 in a company that develops next generation storage
    management products
  * Interregnum floated on the Alternative Investment Market ('AIM') in
    March 2000. At 2 May 2001, it is capitalised at £47.5 million.