Response to Press Speculation

Billam PLC
30 April 2003


                                   BILLAM PLC

                               Press speculation

Following recent press speculation, Billam announces that it and its investee
companies are in discussions with several quoted technology companies and
biotechnology companies as the sectors consolidate.



Enquiries:

Billam PLC                                         020 7336 1300

Angus Forrest

Peter Hoskins








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