AGM Statement

Telme.Com PLC
17 August 2000

                        TelMe.com plc
                              
                        AGM Statement
                              
Compared to the first quarter of last year:

* Gross sales and turnover were both up by more than 35%
  and gross margins increased as a result of initiatives  to
  improve performance.
  
* Operating expenses increased, but the majority of this,
  about £0.4 million, was exceptional marketing expenditure,
  which  was the final phase of the launch campaign for  the
  Group's electronic travel service 'TelMe Global Traveller'.
  
* The result was that Group performance overall improved
  despite  the exceptional marketing spend.   This trend  is
  expected to continue in future months.

This  continuing progress has been achieved as a  result  of
strong improvement across all our divisions.

The  Customer Information and Database Management  Division,
which  operates  in  the  Customer  Relationship  Management
market,  accounts  for the bulk of the Group's  turnover  at
around 60% and is the main core of our business.

* Turnover  increased by a further 38% compared  to  the
  same quarter last year, driven forward strongly by new long
  term  contracts for added value outsourced  services  with
  customers including Powergen and Eastern Group.

Our  confidence  in this sector is high, as  we  believe  it
offers exceptional growth opportunities.

Our  Corporate Travel division, which was loss  making  last
year,   has  recovered  strongly  and  is  now  contributing
positively to Group performance.

* During the first quarter, turnover grew by 30% compared
  to   last  year  and  the  continued  emphasis  on  strong
  operational controls, together with the growth in the volume
  of  business  booked  online, had  a  positive  effect  on
  efficiency and profitability.

The Online Services Division remains an exciting and vibrant
area  of our business with good prospects for the future  as
the markets in which we operate develop.

* Turnover increased by 50% compared to the first quarter
  last year.
  
* TelMe  Global Traveller, the Internet booking service,
  has continued to grow through an effective launch campaign
  and a number of high profile affiliate deals.  Our service
  is made available through well known Internet portals such
  as  Freeserve and Egg in return for a share of  commission
  revenues.  These affiliate deals have enabled the value of
  annualized  ticketing to grow to more than £6 million  per
  year.
  
* Success  has also been achieved in selling  electronic
  commerce  systems  to  the travel  industry  with  various
  international contracts signed.
  
* As expected, operating costs within the Online Services
  division increased compared to the same period last year as
  a   result  of  both  increased  levels  of  business  and
  exceptional marketing costs of £0.4 million.  These  costs
  are expected to reduce over the course of the year.

We   remain  focused  on  developing  our  businesses   both
organically  and  by  acquisition  and  expect  the  current
positive progress to continue.


For further information, please contact:

TelMe.com plc
Graham Ramsey                                  020 7240 2640
Richard Law                                     0802 346 006

Golin/Harris Ludgate
Richard Hews/Victoria Martin                   020 7253 2252