Acquisition

Interregnum PLC
27 September 2005



27 September 2005

                                INTERREGNUM PLC

Acquisition of The Video Meeting Company by Interregnum subsidiary Audio Visual
                                    Machines

Interregnum plc ('Interregnum'), the technology merchant bank, announces the
acquisition by its subsidiary Audio Visual Machines Ltd ('AVM') of The Video
Meeting Company Ltd ('VMC') from the Unique Group Ltd ('Unique').

VMC generated unaudited revenues of £3.5m in the financial year to 30 April
2005. The acquisition is expected to be immediately earnings enhancing.

The Unique Group has received 25% of the equity in AVM and £250,000 in cash in
consideration for 100% of the equity in VMC. Interregnum retains a majority
stake in the combined group.

VMC, founded in 1998, is one of the UK's leading providers of videoconferencing
systems and supporting managed services. VMC has over 600 clients in 35
countries including blue-chip companies and Local Authorities. It has 21
employees and is headquartered in London.

This transaction supports Interregnum and AVM's strategy of combining companies
to create a major player focused on the supply, programming, and servicing of
complex, IP-based, audio visual solutions to major corporations. AVM's clients
include BP, GSK, Lloyds Bank and Sainsbury's.

The acquisition of VMC follows AVM's acquisition of certain assets of ITM Group
Ltd, an audio visual systems integrator, in May 2005 and enhances the technical
capabilities, management team and client base of AVM.

Commenting, Ken Olisa, Chairman & CEO of Interregnum, said:

'There is a step change happening in the AV technology market as wired analog
gives way to wireless IP networks. We acquired AVM to take advantage of this
change and the addition of VMC is a critical step in our strategy to take
advantage of audio visual's move into the digital age.'

Interregnum acquired 82.35% of the equity of AVM for a consideration of £500,000
in January 2005. In the 15 months to 30 June 2005, AVM generated revenues of £4m
and profit before tax of £77,141.

                                    - Ends -

Contacts:

Interregnum plc                                          020 7494 3080
Sandy MacPherson, Managing Director

Audio Visual Machines Ltd                                020 7248 4770
Edward Cook, Managing Director

Merlin (PR advisers to Interregnum)                      020 7653 6620
Vanessa Maydon                                           07802 961 902
Rebecca Penney                                           07795 108 178


Notes to Editor:

Interregnum plc (www.interregnum.com) is a technology merchant bank listed on
London's Alternative Investment Market (symbol: ITR). Established in 1992,
Interregnum buys, sells, advises, invests in and operates technology companies.
Its advisory services include corporate finance, IP exploitation and commercial
due diligence. The company's clients are principally corporates, government,
technology entrepreneurs, advisors and investors.

AVM (www.avmachines.com), established in 1990, is an audio visual solutions
provider. The company designs, supplies, programs and supports complex audio
visual systems ranging from boardroom presentation solutions to IP-based video
conferencing networks.



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