AGM Statement

Auxinet PLC
24 May 2001

Auxinet plc ('the Company')

At the Annual General Meeting of the Company held today all the resolutions
proposed were approved by shareholders, including the resolution proposed to
consolidate the issued and unissued share capital of the Company so that its
authorised share capital of 1,000,000,000 ordinary shares of 0.1p each shall
become 100,000,000 ordinary shares of 1p each.

Dealings in the ordinary shares of 1p each will commence on 29 May, with the
record date for the share consolidation being 25 May. For those shareholders
who hold their shares in certificated form, new share certificates are
expected to be despatched in exchange for their existing ones by 7 June 2001.


Enquires to :     Julian Compton     Tel No: 0207 759 7900