Investment

Billam PLC
12 September 2000


                                  Billam Plc

The  directors of Billam plc ('Billam') are pleased to announce  that  it  has
agreed  to  invest  US$759,000 for 1,100,000 shares at  US$69c  per  share  in
TigerEx.Net Limited ('TigerEx').

TigerEx,  which is incorporated in Bermuda, was founded in March 2000  by  two
former  senior  officers  of the Tradepoint Stock Exchange,  Paul  Barnes  and
Michael  Waller-Bridge.  (Tradepoint is listed on the  Alternative  Investment
Market  of  the  London Stock Exchange).  TigerEx is organized to  become  the
principal  service  company to a series of associated joint venture  companies
planned  around  the world that bring together stock exchanges,  institutional
banking houses and broker-dealers in an internet-based order routing conduit.

Initially the proposed service will operate in the Pacific/Oceania Region  and
is  designed  to  allow online investors of one country to  trade,  clear  and
settle   in  any  major  market  including  their  home  market  through   one
consolidated account with their local broker.

There  are  several  components to the TigerEx business  model  that  strongly
complement   one  another.  TigerEx is creating a secure and robust  Internet-
based network that will:
1.   Facilitate an order routing service across the major Pacific  Rim
     financial markets;
2.   Extend the reach of those markets;
3.   Feed transactions to them; and
4.   Provide an e-Commerce platform for local brokers and investors.

It should appeal to sophisticated investors seeking diversification from their
local  market  and/or a broader range of opportunities.  Pricing, settlements,
and accounts could be in the customer's currency of choice.
     
TigerEx  can enable partners to create new financial products, while  offering
institutional  partners  a  reliable, low cost,  liquid  cross-border  trading
platform in association with participating Stock Exchanges.  By extending  the
reach  of participating markets and aggregating transactions TigerEx  aims  to
add liquidity and reduce total trading costs.

TigerEx  has  secured  a  non-exclusive agreement with  the  Australian  Stock
Exchange,  under  this  agreement  and  subject  to  fulfillment  of   various
conditions the Australian Stock exchange will take an equity stake in  TigerEx
Australia.   TigerEx  is in discussions of the same nature  with  other  Stock
Exchanges  in  the  Pacific region. It has negotiated technology  arrangements
with  key  suppliers and is developing with appropriate banking  partners  the
provision of both execution and foreign exchange services.

TigerEx.Net plans to commence service operations in the first quarter of 2001.

Contact - Peter Hoskins, Billam Plc,  0207 7251 9111