Result of Equity Issue

Ninth Floor (The) PLC
6 June 2001


           The Ninth Floor plc ('The Ninth Floor' or 'the Company')

              Result of Open Offer and Directors' Shareholdings

The Company is pleased to announce the results of the recent Open Offer of
24,693,809 Open Offer Shares at 4p.

The Company received applications for 16,500,476 Open Offer Shares, which
represents a take up under the Open Offer of 66.82 per cent. The remaining
8,193,333 Open Offer Shares have been placed with clients of Seymour Pierce
Ellis. In total, the Open Offer has raised £987,752 (net of expenses) for The
Ninth Floor to fund the acquisition of Applied Infrastructure Management
Services Limited.

The enlarged share capital was admitted to trading on AIM today.

Following the Open Offer and Acquisition, the Directors' shareholdings are as
follows:
Director                No. shares           Percentage of issued share capital

Alan Wix                 4,810,000                                       4.712%

Neil McClure             1,650,000                                       1.616%

Andrew Mills                37,500                                       0.037%

Andrew Bromley           1,034,851                                       1.014%

Carol Booth                  3,500                                       0.003%

Mike Creedon                44,047                                       0.043%

Mark Rothwell-Brooks     4,760,000                                       4.663%

Enquiries:

Neil McClure/Mike Creedon

The Ninth Floor plc                020 7643 5300

James Bendall

Fleet Financial                    020 7601 1066

John Depasquale/Jeremy Porter

Seymour Pierce Limited             020 7648 8700