J2C PLC 23 February 2001 Board Restructuring J2C plc today announces changes to its Board of Directors. This follows the announcement made on 1 February 2001 which stated that the Board had resolved to seek a major transaction with the intention of making the best use of the Company's significant cash assets. Graeme Lowdon, Operations Director, and Ann Palmer, Commercial Director, have left the Board and the Company with effect from 22 February 2001. In addition, Sir Michael Bett, Karl Watkin, Alan Donnelly and Luke Johnson, as shareholder directors, have agreed with the Company that they will receive no remuneration under their contracts with the Company with effect from 1 March 2001 until 1 June 2001 in order to assist with the conservation of the Company's cash resources. J2C continues to focus its attention on B2B marketplaces which can guarantee liquidity and revenue in the short term. In addition, the Board and its advisers are committed to seeking a major transaction for the Group. Sir Michael Bett commented: 'I would like to thank Graeme and Ann for their tireless efforts on behalf of J2C. They have both contributed significantly to the development of the Company. We wish them well for the future.' The Directors accept responsibility for the information contained in this announcement and to the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. Enquiries: J2C plc Karl Watkin 07808 690069 Brunswick Group Limited Russell Hunt 020 7404 5959