Change of Name

Interregnum PLC
19 April 2006


19 April 2006

                               For immediate release


                                  Interregnum plc

      Proposed change of name and revised reduction of capital resolution

Interregnum plc was created and is known as a technology bank.  Over recent
months the business has been significantly restructured and its focus
significantly broadened so that it is now working - and intends to work - in a
range of sectors.

After due consideration the Board has concluded that the current corporate name
is no  longer reflective of the Group's new business which is focused on
business turnaround, principal finance and corporate finance across sectors
which include leisure, manufacturing, aerospace, energy and technology.

Accordingly, subject to shareholders' approval at an Extraordinary General
Meeting to be held on 12th May 2006 at 11.00am at the offices of the Company,
22-23 Old Burlington Street, London, the Group Board intends to adopt the name:
'The Parkmead Group plc.'


Reduction in Capital


In addition, a new resolution will be put to shareholders relating to a revision
of the planned reduction in capital.


Shareholders will be aware that on 21 February 2006 a special resolution was
approved to cancel £17,600,000 of the amount standing to the credit of the
Company's share premium account (then standing at £19,430,946). However, before
the Court process was commenced to obtain the requisite sanction of the High
Court to the proposed reduction, the Company underwent a restructuring, which
resulted in material changes to the Company's balance sheet (both in terms of
the level of the Company's share capital and the accumulated losses).


The interim results for the period to 31 December 2005 now show aggregate
retained losses in the Company of £22,041,128. As at today's date the Company's
share capital and share premium accounts stand at £12,197,354 and £21,604,738,
respectively. It is therefore proposed to replace the 21 February resolution
with a new resolution which seeks the approval of shareholders to a cancellation
of the entire share premium account so as to ensure that (subject to the
sanction of the High Court) the Company's losses can be reduced significantly.
The Board intend that any remaining losses will then be reduced through
distributions from subsidiaries, management charges and future profits.

The Board believes that the implementation of this proposal will assist the
Company in bringing about a return to ongoing profitability, and firmly believe
that the Company should take this action so as to enable it to be able to pay
dividends in the future, if and when it is deemed to be appropriate.

Ends

For further enquiries:

Interregnum plc                              020 7494 3080

Niall Doran (Chief Executive)



Madano Partnership (PR to Interregnum)       020 7593 4000

Toby Wilkinson/Matthew Moth



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