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Just2clicks.com PLC (JTK)

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Friday 09 February, 2001

Just2clicks.com PLC

AGM Statement

Just2clicks.com PLC
9 February 2001


                               JUST2CLICKS.COM PLC
                                 AGM STATEMENT

At the Annual General Meeting of Just2clicks.com plc (the 'Company') to be
held today at 2.00 p.m., the following statement will be made by Sir. Michael
Bett, Chairman of the Company:

'On 1 February, the Company announced that it intended to reduce substantially
the monthly cash burn rate of the Group and that the Board had resolved to
seek a major transaction for the Group.  It was further stated that the
transaction may involve the acquisition of an established business, but that
an offer for the Company would also be considered if it delivered value for
shareholders.

In response to recent approaches from shareholders, the Board has agreed that,
if a major transaction is not concluded within the next few months, the Board
would be prepared to consider implementing a capital reduction scheme.  This
would require the approval firstly of shareholders and then of the Court and
would, assuming such approvals were obtained, result in a distribution of all
or part of the Company's surplus cash assets to shareholders.

The Group's B2B e-commerce operations will remain focussed on developing
marketplaces where significant transactional volumes are either guaranteed or
are expected in the short term.  These are Translinx, e-cement, Powernet and
Best Value Zone plus other such opportunities under discussion.

In the meantime, the Board will continue to pursue the strategy outlined on 1
February.'

The directors of the Company 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:

Just2clicks plc
Karl Watkin                                       0191 226 0057

Brunswick Group Ltd
Gavin Partington                                  07974 98 2528
Kevin Byram                                       07974 98 2352



                                                         

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