Acquisition(s)

10 June 2002

            ONLINE TRAVEL CORPORATION PLC ANNOUNCES NEW ACQUISITION            

Online Travel Corporation plc ('OTC'), the travel technology and distribution
group, announced today that it has acquired the entire issued share capital of
Travelstore.com Limited ('Travelstore'), Oxford Technology Solutions Limited
('OTS'), Amersham Travel Limited ('Amersham') and Equator-net Limited for a
consideration of £2.1million which is being satisfied by the issue of 7.2
million new ordinary shares of 1p. Travelstore, OTS, Amersham and Equator-net
Limited are all wholly owned subsidiaries of Travelstore.com Group plc.

Travelstore provides travel management services to the business travel sector.
In the year to 31 March 2002, per management accounts, Travelstore generated
gross sales of £18.1 million with a gross margin of £1.7 million, and a loss
before interest, tax and depreciation of £73,000. OTS, which provides booking
technology and Internet based travel management systems, made a loss in the
year to 31 March 2002 before interest, tax and depreciation of £1.9 million.
Travelstore and OTS together incurred non-continuing board and advisor costs of
£0.5million and technology costs of £0.8million. The employee head count in the
two companies has reduced from ninety in April 2001 to fewer than fifty at the
time of acquisition.

OTC intends to combine Travelstore with its existing business travel division,
Joint Venture Travel, with Travelstore.com as the principal brand for existing
and new business travel customers.

Mark Jones, CEO of OTC, commented: 'We believe that Travelstore has the most
advanced business travel management technology in Europe and that both sets of
customers will benefit from the best technology and best support services. We
expect the combined business division to achieve volume related margin
improvements and cost efficiencies by the elimination of cost duplication.'

Jones also commented on the prospects for the online business travel sector.
'As companies look at more efficient ways to manage their travel spend, they
are starting to recognise the benefits of Internet travel management,
particularly in technology solutions that combine and compare no frills
airlines with traditional airlines. The online business travel sector has to
date lagged behind the leisure sector and our business division has showed
limited growth in the last six months, compounded by the general downturn in
the travel sector in recent months. Recent interest from business customers
suggests it may be time for a little catch up and with travelstore.com on board
we expect to take full advantage.'

Raul A. Arce, CEO of Travelstore added 'We have developed one of the world's
leading corporate self booking tools, specifically designed for the needs of
the European market. Our use of the latest technologies, including J2EE and
XML, has enabled us to build a product that is extremely stable and reliable.
The combination of the OTC and Travelstore suite of travel solutions will be of
tremendous benefit to both leisure and corporate customers.'

Application has been made for the 7.2 million new ordinary shares to be
admitted to trading on the Alternative Investment Market of the London Stock
Exchange, and dealings are expected to commence on 1 4 June 2002.

For further information contact:

Online Travel Corporation Plc                                                  
                                                                               
Mark Jones, CEO                                     Tel: [phone]
                                                                               
Noble & Company Limited                                                        
                                                                               
Alasdair Robinson                                   Tel: [phone]
                                                                               
Durlacher Limited                                                              
                                                                               
Matthew Robinson                                    Tel: [phone]
                                                                               
Cardew & Co.                                                                   
                                                                               
Richard Fallowfield                                 Tel: [phone]

Notes for Editors

Online Travel Corporation, plc

OTC is a travel technology and distribution business, providing a comprehensive
range of technological solutions, travel products and ancillary travel services
to ISP's, Media and Affinity Groups and Corporate Organisations. It provides
bespoke technology solutions linked to its wide product range to produce a
one-stop travel service through the Internet, supported by telephone call
centres for leisure and corporate clients to fulfil their travel needs. OTC
provides a comprehensive range of travel products and ancillary travel services
and is both a travel agent and tour operator. OTC strategy focuses on low-cost
routes to market with lower customer acquisition costs compared to that of a
mass-market consumer brand and is focused on selected business areas. OTC has
launched over 100 travel sites in the last 18 months and via these partner
sites has access to a potential customer base of over 16 million online users.
OTC is quoted on the Alternative Investment Market of the London Stock
Exchange. Additional information is available at 
www.onlinetravelcorporation.com