Trading Stmnt - Replacement

Web Shareshop (Holdings) PLC
20 April 2001


The issuer has advised that the Trading Statement announcement released today,
21 April 2001 at 15:00 under RNS No 3908C, was issued incorrectly under the
Company name of KeyWorld Investments plc. The announcement should have been
released under the correct Company name of Web Shareshop plc

The full text shown below remains unchanged.


WEB SHARESHOP PLC


20 APRIL 2001


The Directors announce that the Placings Club software programme has been
completed, and is currently going through extensive consumer testing.  The PIA
registration process has progressed well.  A meeting is scheduled with the PIA
for later this month to address the remaining issues, with a view to achieving
A1 registration as quickly as possible thereafter.


However, the Directors are very mindful of the current market turbulence.
Currently, there is little institutional or private investor confidence in the
markets and few new issues.  It is clearly a bad time for Web Shareshop to
launch a Placings Club.



Despite the current adverse environment, the Directors intend to complete
testing of the Placings Club software programme and to achieve PIA A1
registration as quickly as possible but will hold off launching the Club until
market conditions are judged to be favourable.  The Company has ongoing
relationships with a large number of sponsors and are continuously monitoring
activity and sentiment for signs of a pick-up.



The current market conditions have also made it clear that the Web Shareshop
is more likely to deliver a return to shareholders if it can broaden its
portfolio of products/services.  For this reason, the Directors have been in
discussions with a number of potential partners in the financial services
industry.  The Board are hopeful of having some positive developments to
report in the near future.



Until it is judged appropriate to commence marketing, the Directors believe it
is prudent to reduce overheads further.  This will not affect the Company's
ability to operate the business and a large part of the saving will come from
reductions in salaries and professional fees.  The finance director, Robert
Wilkinson, is resigning with immediate effect as an executive director but
will continue in a non-executive capacity. John Watkins, who is also company
secretary, will replace him as finance director.



Contact

William Jackson,             Chairman                      Tel: [phone]

Darryl Whitehead,            Grant Thornton                Tel: [phone]



END