Directorate Change

Interregnum PLC
03 January 2003

3 January 2003

                                 PRESS RELEASE

                                INTERREGNUM PLC

 Appointment of Adrian Merryman to become Chief Executive Officer of Screen plc

Interregnum plc has announced that it has reached agreement with Screen plc for
the transfer of Adrian Merryman, Interregnum's Chief Investment Officer, to step
down from Interregnum's board in order to take up a permanent position as CEO of
Screen plc, an Interregnum client company, with immediate effect.

This appointment follows a successful engagement by Interregnum during which
Adrian Merryman  worked as a key member of the Screen plc interim management
team to effect the corporate reorganisation and successfully return the company
to trading on the Alternative, Investment Market (AIM) of the London Stock
Exchange.  Further information on which is contained in Screen plc's Stock
Exchange announcements of the 6th and 18th of November, and 5th and 17th
December 2002.

Adrian Merryman's other Interregnum responsibilities will be assumed by Ken
Olisa, Chairman and CEO, and Roger Jeynes, Chief Operating Officer. Ian Taylor,
MBE, MP, will continue as part-time Executive Chairman of Screen plc and as an
Executive Director of Interregnum.

Commenting on this appointment, Ken Olisa said:

'Adrian Merryman has played an important role in the development of Interregnum
since he joined us in January 2000 from CIBC, where he had championed CIBC's
original equity investment in Interregnum in 1998. Adrian's appointment to
become CEO of Screen plc, as part of that company's restructuring plan, is a
very tangible sign of the value which our clients place in the operational
skills and experience of the Interregnum team members.'


                                    - Ends -


For further information:

Interregnum plc                                    020 7494 3080
Ken Olisa
Roger Jeynes

Merlin Financial                                   020 7606 1244
Paul Downes
Vanessa Maydon


Notes to Editors:

About Interregnum:

Interregnum plc is an information technology investment and advisory company.
Founded in 1992 by Ken Olisa, Interregnum is headquartered in London, employs 17
people, and works with technology companies, entrepreneurs, and other investors
to transform technology into wealth.

Interregnum provides both the intellectual and financial capital which
technology companies need at each stage of their life cycle, from conception
through to exit. 250+ man-years of experience in the technology and corporate
finance sectors are embodied in proprietary methodologies such as the Four
Pillars of Value (c) to support offerings in research, market assessment,
valuation, due diligence, acquisition, venture capital, corporate venturing, and
recovery.

Interregnum is listed on the London Stock Exchange's Alternative Investment
Market (symbol: ITR), and is regulated by the Financial Services Authority.


                      This information is provided by RNS
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