Acquisition

Interregnum PLC
03 May 2005


3 May 2005

                                INTERREGNUM PLC

   Acquisition of ITM assets by Interregnum subsidiary Audio Visual Machines

Interregnum plc ('Interregnum'), the technology merchant bank, announces the
acquisition of certain assets of ITM Group Ltd ('ITM') (in Administration) by
its subsidiary Audio Visual Machines Ltd ('AVM'). These assets comprise the
order book and debtors balance, and key members of staff, including the former
managing director of the audio visual division. This acquisition is expected to
increase AVM's revenues by approximately £2 million over the next 12 months.

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.

Commenting, Ken Olisa, Chairman & CEO said: 'As we enter the Age of Ubiquitous
Computing, Interregnum sees a convergence of audio visual services and
Information Technology. We are investing in companies that together can deliver
the opportunities this convergence offers.'

                                    - Ends -


Contacts:

Interregnum plc                                         020 7494 3080
Martin Cooper, Finance Director

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

Merlin (PR advisers to Interregnum)                     020 7653 6620
Rebecca Penney                                          07795 108 178


Notes to Editor:

Interregnum plc (www.interregnum.com) is an AIM-listed technology merchant bank
(symbol: ITR). Established in 1992, it provides advisory services including
corporate finance, IP exploitation and commercial due diligence to corporates,
government, technology entrepreneurs, advisors and investors. In addition it
invests in technology companies, focused primarily on principal equity stakes
although, in some cases taking minority equity stakes.

Interregnum acquired 82.35% of the equity of AVM in January 2005.

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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