Investment

Interregnum PLC
25 May 2000



                 Interregnum plc ('Interregnum')
  £270,000 investment in Mediasurface Limited ('Mediasurface')
                                
Interregnum,  the  IT  venture marketeer  and  investor,  today
announces  its  third investment since flotation  on  13  March
2000:  a £270,000 equity investment in Mediasurface, a supplier
of  integrated  e-business content management solutions.  Eight
additional  investors,  including  GE  Equity,  Goldman   Sachs
International,   Reuters  Greenhouse,   3i   plc,   Elderstreet
Investments  Limited, Amadeus Capital Partners  Limited,  Index
Ventures  and  Dresdner Kleinwort Benson Private  Equity,  have
contributed  to this round of financing, which has  raised  £21
million for Mediasurface.

The  financing will be used to assist Mediasurface's aggressive
plans  for continued expansion, focusing on achieving  European
dominance and significant global market share.

Mediasurface,   headquartered  in  London,  provides   Internet
content  management software and services.  Its latest product,
Mediasurface 3, was designed as the hub of e-business, offering
a  significant advantage in speed to market by managing all the
interactions between people, content and applications.

Adrian   Merryman,  Chief  Investment  Officer  of  Interregnum
commented:

'We  have  always  had  a  direct, hands-on  relationship  with
Mediasurface  helping  the  team to  develop  a  value-building
strategy  and raise new funds.  We are delighted  to  have  the
opportunity  now to invest our own money in the company,  which
firmly endorses our belief in its very promising future.'

For more information:

Ludgate Communications                       020 7253 2252
Vanessa Anderson/Liz Ware

Interregnum                                  020 7494 3080
Graham Ransom, Director

Mediasurface                                 020 7939 7170
Michelle Carney, Global PR Manager

Teather & Greenwood Limited                  020 7426 9000
Russell Cook, Director

NOTES TO EDITORS

Mediasurface Limited

* Mediasurface  Limited  is a leading  provider  of  enterprise
  content  management  application  software  for  Web   sites,
  intranets, extranets and emerging digital networks.

* Founded  in  1996  with  the vision that  enterprise  content
  management   is   a  prerequisite  for  e-business   success,
  Mediasurface recognised then, as now, that Web sites are  the
  first   of   many  digital  delivery  channels.  Mediasurface
  provides  its clients with powerful software and services  to
  manage   interaction  between  content   and   people,   from
  origination  to  destination,  irrespective  of  language  or
  location.

* Robust  and scalable, Mediasurface product suite delivers  e-
  businesses the significant competitive advantage of speed  to
  market.  Mediasurface's comprehensive content  solutions  are
  integrated    with   best-in-class   e-commerce,    knowledge
  management,    design,   localisation   and   personalisation
  software,  and  delivered  through  select,  highly   trained
  service   partners.  More  information  can   be   found   at
  www.mediasurface.com


Interregnum plc

* Interregnum   is  a  pioneering  IT  venture  marketeer   and
  investor.   It works with high potential IT entrepreneurs  to
  develop,  resource  and implement aggressive,  marketing-led,
  value  building strategies and to 'transform technology  into
  wealth'.

* Interregnum  is  a quoted company listed on  the  Alternative
  Investment Market of the London Stock Exchange with a  market
  capitalisation of £44.5 million (closing middle market  price
  of 69p per share on 24 May 2000).

                                                              
*    Interregnum provides services under two main categories:

     Intellectual Capital

     - Venture Marketing: working as non-executive directors with
       high-potential IT companies to develop, fund and implement
       aggressive business strategies, in order to increase realisable
       market value and create wealth;
     - Research & Consulting: working with both innovators and
       investors on specific projects where the critical analysis or
       development of strategies is involved;
     - Mergers & Acquisitions: helps the parties involved in M&A
       transactions to understand and justify the unique  value
       attributable to IT companies.

     Financial Capital
     
     - Venture Capital: co-investing with institutional and private
       investors.

* 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 17 people.

* In  August  1999,  Interregnum launched 'enterprise.USA',  in
  conjunction  with  the DTI-backed Software Business  Network,
  to  assist  UK IT entrepreneurs in establishing and  building
  the  right  infrastructure to launch and  sustain  successful
  businesses in the US.

* Interregnum  currently  has a portfolio  of  27  IT  and  IT-
  related investments.