Corporate Action-Replacement

Internet Music & Media PLC
13 August 2001

CAPITAL REORGANISATION
SECURITY TITLE
*Ord Shs
MNEMONIC CODE   *IMM
SEDOL CODE      *852-836
TERMS           *The Company is proposing to subdivide and redesignate the
                 Existing Shares into one New Ordinary Share of 1p and one
                 Deferred Share of 24p
PROVISIONAL EFFECTIVE DATE *15-08-01
NOTES * Amendment to effective date. This replaces the previous Corporate Action
announcement (RNS. 3858I) released 13-08-01 at 07:51. All other details remain
unchanged.
The effective date for the Capital Reorganisation is subject to approval at the
EGM.