Re Deferred Consideration

Telme.Com PLC
25 September 2000

                TELME.COM PLC (the 'Company')
                              
      Acquisition of GB Mailing Systems Limited ('GB')-
            agreement of initial deferred consideration
                              

Pursuant  to  the acquisition of ('GB'), which was  made  in
July  1998, the Company reports that it has agreed with  the
vendors of GB the initial amount of the deferred element  of
the   acquisition   consideration  provided   for   in   the
acquisition agreement ('the Agreement').

GB,   a   Database  Management  and  Customer   Relationship
Management  (CRM) company was acquired by TelMe.com  plc  in
July  1998.   The initial consideration for the  acquisition
was £5 million, which was satisfied with a mixture of shares
and  cash.  Under the Agreement, deferred consideration  was
payable  two years after the date of the acquisition subject
to performance.

The  agreed initial earn out amount of £3.4 million  of  the
deferred consideration will be satisfied by the allotment of
6,172,575 new ordinary shares and the payment of £21,750  in
cash to cover vendors' expenses.  The issue price of the new
shares  is  54.73  pence per share being the  average  share
price of the Company's shares for the 28 days preceding  the
determination of the earn out amount in accordance with  the
mechanism set out in the Agreement.  The Company intends  to
apply for the listing of the new ordinary shares in the week
commencing 25 September 2000.

An  additional earn out amount of a maximum of £0.6  million
may   be   paid  under  the  Agreement  subject  to  further
discussions which are expected to be completed by the end of
September 2000.  The final value of the additional earn  out
amount when determined and the method of payment will be the
subject of a further announcement at the appropriate time.

The most recent accounts of the Company, made up to 30 March
2000,  contain an accrual for earn out of £3.4 million which
was  the estimate of the value of the earn out payable  made
at the time of the acquisition in July 1998.


For further information, please contact:

TelMe.com plc
Graham Ramsey                                 020 7240 2640
Richard Law                                   0151 608 0205

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