Notice of EGM

Readybuy PLC
15 March 2005


                                   Readybuy plc ('Readybuy' or 'the Company')

                              Fundraising and Notice of Extraordinary General Meeting

The Company is pleased to announce a two stage process of fundraising (the 'Fundraising') to fund the general working 
capital requirements of the Company.  It is the Company's intention to raise the sum of up to £350,000 by way of a 
combination of:-

(a)  convertible loans in the sum of £100,000 (the 'Loans') from certain of the Directors and/or shareholders (the      
     'Lenders') of the Company (the 'First Stage Fundraising'); and

(b)  approximately £250,000 by way of a placing of 1,666,667 ordinary shares of 0.5p each in the capital of the Company 
     ('Ordinary Shares') at 15p per share (the 'Second Stage Fundraising').

The Fundraising is conditional upon the approval of certain resolutions by the shareholders of the Company 
('Shareholders') at an Extraordinary General Meeting ('EGM').

The First Stage Fundraising involves the making of Loans to the Company by the following Lenders in the sums referred to
below:-

Lender                                                                               Amount of Loan (£)

Ian William Currie, Richard Ian Hughes and Keith William Salisbury t/a Zeus Partners 20,000

Alwin Curtis Thompson                                                                20,000

Colin Ernest Davies                                                                  20,000

Brian Paul Bennett                                                                   10,000

Kui Man (Gerry) Yeung                                                                20,000

Kui Shum (Harry) Yeung                                                               10,000

Total                                                                                100,000


The Loans are repayable on demand with the option for the Lender to capitalise the amounts of such Loans (but only at 
such time as the Second Stage Fundraising is completed to enable the Company to maximise the value of the Second Stage 
Fundraising) by the issue of Ordinary Shares at the same subscription price as that being proposed in respect of the 
Second Stage Fundraising, namely 15p per share.

Accordingly, the Company has written to Shareholders convening an EGM to be held at the offices of Zeus Capital Limited,
3 Ralli Courts, West Riverside, Manchester M3 5FT at 10.00 a.m. on 8  April 2005.  At the EGM, resolutions will be 
proposed to:-

• authorise the Directors pursuant to Section 80 of the Companies Act 1985 (the 'Act') to allot relevant securities up  
  to an aggregate nominal amount of £29,990.02; and

• empower the Directors pursuant to Section 95 of the Act to allot equity securities (as defined in the Act) for cash,  
  without complying with the statutory pre-emption rights, to the extent specified in the resolution.

Contact:-


Colin Davies                        Readybuy plc              Tel:  [phone]



David Youngman                      W.H. Ireland Limited      Tel: [phone]


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