Proposed Acquisition/Placing & Open Offer, etc

InterX PLC
10 March 2000

                                  InterX plc
                                       
                Proposed acquisition of Cromwell Media Limited
                          and Placing and Open Offer
                      by Charterhouse Securities Limited
             of 1,596,233 new InterX Shares at 3,400p per share **

                           PROPOSED BOARD CHANGES **
                                       
                                       
Proposed share option scheme arrangements **

      Acquisition  of share capital not already owned by InterX  of  Cromwell
       Media Limited ('Cromwell') for 11,946,052 new Ordinary Shares, valuing 
       the whole of Cromwell Media at £694 million on the basis of the closing
       price on 9 March 2000 of 3,625p.

      Placing  and Open Offer of 1,596,235 new Ordinary Shares to  raise  £50
       million, net of expenses.

      Placing  of  2,275,414 Ordinary Shares on behalf of  Directors,  former
      Directors and Cromwell shareholders who will retain 46 per cent. of the 
      issued Ordinary Shares in the Enlarged Group.

      Appointment of Philip Crawford, Jim Feeney and Philip Sant to the       
      Board.

      Introduction  of new share option scheme to provide incentives  to  key
       personnel.

      Cromwell Media to change its name to InterX Technology Limited.


James Wickes, Chief Executive of InterX, commented:

'Today  is  the culmination of a year of tremendous change at InterX.   Whilst
the  proposed merger with Cromwell is not new news, the market's  reaction  to
our  original  announcement has enabled us to complete this fund raising.  The
market  has endorsed our internet strategy.  It is now up to us to deliver  on
that strategy to the benefit of all our shareholders.'

                                                                 10 March 2000


** Subject to shareholders' approval at the Company's Extraordinary General
Meeting
Enquiries:

InterX plc                             020 7457 2020 (today)
                                       020 8410 7200 (thereafter)
James Wickes, Chief Executive          [e-mail]
Simon Barker, Commercial Director      [e-mail]
Simon Miesegaes, Finance Director      [e-mail]
                                       
Charterhouse Securities                020 7248 400
Colin La Fontaine Jackson              [e-mail]
                                       
College Hill Associates                020 7457 2020
Nicola Weiner                          [e-mail]
                                       

Application forms are personal and may not be transferred except to satisfy
bona fide market claims.
                                  InterX plc

                Proposed Acquisition of Cromwell Media Limited
                         and Placing and Open Offer by
                      Charterhouse Securities Limited of
                          1,596,235 new InterX Shares
                                       
              Interim Results for the 27 weeks to 5 February 2000
                                       
                            PROPOSED BOARD CHANGES
                                       
                   Proposed share option scheme arrangements
                                       
                    Notice of Extraordinary General Meeting


Introduction
On  29  November  1999  the  Board announced its intention  to  focus  on  the
continuing  development of its internet businesses, Cromwell and  IT  Network.
The Board also announced that it was taking steps to separate formally the  IT
distribution business, Ideal, from InterX.

The  Board is pleased to give details of the next steps it intends to take  as
part of its strategic objective to become a global e-business:

*  the acquisition of all of the remaining shares in Cromwell not already held
   by  InterX  in  consideration for the issue by  InterX  of  11,946,052  new
   Ordinary Shares; and

*  the  Placing  and  Open  Offer of 1,596,235 New Ordinary  Shares  to  raise
   approximately £50 million, net of expenses.

The  purpose  of  this  document is to provide you with information  on  these
transactions and, in view of the size and significance of the proposals to the
Group, seek your approval for them at an Extraordinary General Meeting.

The  Board would also like to announce the appointment of Philip Crawford, Jim
Feeney  and Philip Sant to the Board, conditional upon the completion  of  the
Acquisition.


Background information on InterX

History
InterX was floated on the London Stock Exchange in 1994 as Ideal Hardware plc,
a  specialist distributor of data storage peripherals and systems to the UK IT
reseller market.

To  the directors of the Ideal business it was clear that without an effective
method  of communicating to a prospective customer what the features, benefits
and  advantages  of  a given product were, any purchasing  decision  would  be
likely  to  be  based upon price alone.  Accordingly, Ideal  has  historically
invested  significant  time  and  monies  in  both  salesmen's  education  and
information  services for its customers.  These investments underpinned  gross
margins which were greater than those of Ideal's competitors.

Investment  in  information services has taken place in  both  technology  and
content.  During the 1990s Ideal invested in developing its skills in:

*  product database design;

*  multimedia production;

*  broadcast-quality video production;

*  satellite television network management;

*  website design and management; and

*  web-based video production.

Examples of these information services have been:

*  1990 the Directors believe this was the UK's first electronic IT catalogue,
   'ProFile';

*  1994  the  Directors  believe  this was  the  UK's  first  full  multimedia
   electronic IT catalogue 'ProFile V2';

*  1996  'The  IT Network', which the Directors believe was the world's  first
   private satellite TV network for IT resellers;

*  1996 'ProFile Online', which the Directors believe was the UK's first      
   online database for IT resellers of IT products and their technical        
   specifications; and

*  1998 BORIS, Ideal's Java-enabled e-commerce system for IT resellers.

Bespoke  production,  television, video, multimedia  or  web-based  work,  was
carried  out  between  1996  and  1999 for a number  of  major  IT  companies,
including IBM, Cisco, Microsoft, Compaq and Computacenter.

As  a  result,  Ideal  developed a reputation for  innovation  and  secured  a
significant number of industry awards.

It  was  this  commitment to innovation in InterX's provision  of  information
services  in  addition  to its strategy of constantly challenging  established
business  models and methods that enabled the Board to identify from an  early
stage  the opportunities inherent in the development of e-business models  and
technologies.

The internet and disintermediation
In  the  Directors'  opinion,  within the  IT  distribution  channel,  product
information  has  historically been attached to the physical movement  of  the
product  in  question.  Those organisations able to offer  better  information
services have been able to leverage greater margins, Ideal being an example.

The Directors believe that the internet breaks this attachment between product
information and physical distribution.  The Board realised from an early stage
that  the  internet would have a significant impact on the IT supply chain  as
well as upon many other markets.

Accordingly,  the Board took the following actions to address the  fundamental
changes that they anticipated would take place in the IT distribution channel:

*  purchase of 33 per cent. of Cromwell (1997);

*   movement of Ideal's private satellite network, 'The IT Network', onto  the
    web (1998);

*  movement of all of Ideal's information services into a separate subsidiary,
   IT  Network  Limited, to provide the platform to prepare for the commercial
   launch of its website, www.itnetwork.com (1998);

*  commissioning of a detailed global study of the IT value chain and internet
   revenue  models,  with an instruction to report back on  where  there  were
   specific unmet information needs (1998); and

*   movement  of  the distribution business, Ideal, into a subsidiary  of  the
    listed company.


www.itnetwork.com
As the internet has developed, it has become clear to the Directors that:

*   the  internet  would detach the value of information  from  the  value  of
    fulfilment;

*   the  Group  must  develop a separate revenue stream  for  its  information
    services;

*  the critical requirement at all levels of the IT distribution channel would
   be  for  quality  product information and the ability to compare  products,
   online and in real time;

*  any  internet-based information service must provide e-commerce  capability
   and support all open communication and system integration standards; and

*   any  such  service  has to be targeted at the ultimate  purchaser  of  the
    product.

Accordingly, www.itnetwork.com, an independent product information service for
IT  professionals, was launched on 28 June 1999.  IT Network has  demonstrated
not  only that it has the potential of becoming a global business in  its  own
right but also that it has developed an innovative and valuable business model
which can be replicated across numerous vertical markets.

Furthermore, Cromwell's technology, which powers www.itnetwork.com, has  shown
itself  to  be not only scaleable, reliable and flexible but also  to  deliver
real business advantages.  It has the potential to be a significant player  in
the developing market of web application platform technology  products.

Business development and prospects for the Group

The  Board believes that Cromwell and IT Network should form the basis for the
future  development  of the Group and that the distribution  business,  Ideal,
should be separated from the Group.  This was announced to Shareholders on  29
November 1999.

The  strategy for the Enlarged Group is to exploit the opportunities available
to its internet businesses.  In particular InterX intends:

*  to further develop Cromwell's technology and revenue streams;

*   to  further develop IT Network, including the internationalisation of  its
    service; and

*  to identify other vertical markets to which IT Network's business model can
   be  successfully  applied,  as  evidenced by the  proposed  acquisition  of
   PharmWeb.

This  strategy  is  now being implemented, as evidenced by  the  recent  board
appointments  in our internet businesses, the new business wins  for  Cromwell
and  the  finalisation  of a strategic relationship  between  IT  Network  and
ComputerScope - details of which are disclosed in the Circular.


Information on Cromwell

Cromwell  is an internet software company.  Its key product, BladeRunner,  is,
in  the opinion of the Directors, a new generation of web application platform
technology.   This software facilitates the integration of the  internet  with
business  critical  systems.   It allows these  systems  and  the  information
contained within them to be more accessible, via multiple channels,  and  more
auditable  through  advanced tracking methodologies. Accordingly,  BladeRunner
allows  businesses  to maximise the commercial potential  of  their  corporate
information: potentially their single biggest asset.


History of business
In  1996,  Rob  Lewis teamed up with Phil Sant and Mark Knight to  develop  an
online  IT  news  service  called  B&T  Online.   This  brought  together  the
publishing  expertise of Rob Lewis with the software and application  building
skills  of Phil Sant and Mark Knight, which were the basis for the development
of BladeRunner.

InterX  (then Ideal) was a subscriber to B&T Online's news syndication service
and   quickly   identified  BladeRunner's  ability  to  fulfill  its   product
information  requirements.  This resulted in the contracting  of  Cromwell  by
InterX (then Ideal) to develop ProFile Online.

In  order  to  assure the continued technological and financial  viability  of
Cromwell  during its formative stages, InterX injected £700,000 into  Cromwell
in  February  1997 as part of the acquisition of a 33 per cent.  stake.   This
investment  also  gave InterX a right of veto over any board appointments  and
certain  other  material decisions in the running of Cromwell.  Simon  Barker,
InterX's  Commercial Director, joined the Cromwell board as Finance  Director.
This  provided  InterX  with  the confidence to  continue  to  use  Cromwell's
technology in the further development of Ideal's e-business strategy.

InterX's  investment  in  Cromwell was increased  in  January  2000  when  the
opportunity arose to subscribe for a further 12 per cent. of Cromwell's  share
capital.   The subscription cost of this 12 per cent. holding in Cromwell  was
£2.1 million in cash.  At the same time there was a share buy-back by Cromwell
of  12  per cent. of its share capital from Rob Lewis.  In February  2000,  an
employee share trust was set up to subscribe for 613,660 ordinary 0.1p  shares
in Cromwell at par representing 19 per cent. of the share capital of Cromwell,
as   enlarged.   Following  these  further  subscriptions,  InterX  now  holds
approximately 38 per cent. of Cromwell, on a fully diluted basis.


BladeRunner - Web Application Platform Technology
Sophisticated   web   applications  are  extremely  complex.    A   successful
implementation  requires  the combining of a scaleable  and  robust  technical
infrastructure, providing numerous features, such as connection  to  databases
and  ease  of  integration to internal applications, with the  integration  of
other software components which provide features that are not specific to  the
application in question.

BladeRunner  is  a  web application platform technology  which  provides  this
technical  infrastructure, together with the software components necessary  to
aid businesses in the development of a successful web system.

The  Board believes that BladeRunner is representative of a new generation  of
web  software as a result of the quality and adaptability of its architecture.
The Board believes this architecture should provide the following benefits:

*  ease and speed of system development;

*  portability  -  the  ability  to  work on  any  operating  system,  on  any
   communications  server  or  with  any  database  engine,  with  only  minor
   modifications;

*  personalisation  capability  -  BladeRunner's  advanced  visitor   tracking
   capabilities  provide, in conjunction with other of its features,  for  the
   implementation of sophisticated customer relationship management;

*   security,  scaleability, performance and manageability of the  implemented
    systems; and

*  ease  of  implementation of new presentation layers, providing  BladeRunner
   applications  with  access to multiple brands or channels,  e.g.  browsers,
   PDAs, WAP, XML, digital television or other future delivery standards.


Target Market
Cromwell's  technology  is  capable of providing significant  benefit  to  any
business that wishes to leverage an advantage through distributing information
and  executing  transactions via current and future  internet  channels.   The
Directors believe that web application platforms will become a required system
infrastructure product, as critical to a business as any operating  system  or
database.  Accordingly, the potential market is substantial and is one of  the
reasons  why Cromwell's perceived competitors, such as BroadVision,  Inc.  and
Vignette Corporation (both quoted on NASDAQ), attract particularly high  stock
market price/revenue ratings.

Notwithstanding  the wide applicability of its technology, Cromwell  currently
proposes to focus its sales and marketing activities on the financial services
and media and publishing sectors.


Technological Due Diligence - Cap Gemini Report, May 1999
In  Spring  1999,  InterX commissioned Cap Gemini UK  plc  ('Cap  Gemini')  to
produce  a  technical report detailing the performance of the  core  functions
within  BladeRunner in order to secure independent verification of the Board's
belief  in  the  proficiency  of  the  technology  prior  to  the  launch   of
www.itnetwork.com.

The objective of the Cap Gemini report was:

'The  production of a technical report detailing the performance of  the  core
functions within Cromwell Media's 'BladeRunner' application suite.'

The following conclusions are direct quotes from the Cap Gemini report:

Cap Gemini concluded in the following tests:

*  Scaleability and Performance (HTML) Testing

   'The  BladeRunner  server maintained a consistent  service  with  increased
   load,  displaying  a reliable and consistent pattern of utilisation.   This
   pattern  of  utilisation will enable the production of performance  metrics
   for  differing hardware platforms.  Once created, these performance metrics
   will  allow  scaling calculations to accurately predict the  server  sizing
   required for any particular requirement/customer.'

*  Mixed Testing

   'The  mixed  test provides a more realistic system load for the BladeRunner
   server because it exercised all of the core components on the 'BladeRunner'
   application  suite simultaneously.  The test results show that  the  server
   handled  and  exceeded  the peak usage figure while maintaining  a  quality
   service to the clients.'
   
*  Overnight Soak Testing

   'Soak   testing  the  application  server  successfully  demonstrated   its
   capabilities  to sustain a high degree of service while being  continuously
   loaded by a large number of concurrently connected users.'

One  of BladeRunner's original design goals was to achieve the reliability and
scaleability   demanded   within   the  most  exacting   of   mission-critical
environments.   The  Directors believe that these tests  provided  independent
confirmation that this goal has been achieved.


Cromwell's Revenue Streams
Cromwell  generates  revenue  from  two main  sources:  sales  of  BladeRunner
licences and the provision of associated services which include:

*  Consulting  -  Cromwell's consultants work with clients  to  identify  core
   areas  of  business need, define mission-critical requirements, and  design
   and implement the solutions.

*  Support  -  Cromwell offers a range of programmes that  enable  clients  to
   select the level of support required, whether by telephone, electronically,
   or face to face.  These programmes help clients to optimise the performance
   of their systems and protect their investment.

*  Training  -  Cromwell  is  currently developing a  range  of  in-depth  and
   flexible training courses.

To  date  the  major proportion of Cromwell's revenue has been generated  from
sales of licences and consulting, augmented by a degree of support revenues.

Any  substantial  contract for the development of a web system  is  likely  to
provide  for  product licences, consulting and implementation,  and  training.
Support  is  separately negotiated and attempts to relate  the  value  of  the
licences  and  other  services provided to the level of vendor  responsiveness
required by the client.

Fundamental  to  revenue  growth will be the sales of  future  licences  which
should  be  supplemented  by consulting, training and support  revenues,  each
specific to the contract in question and the involvement of other partners.

The  margins  associated with these revenues will vary and  will  reflect  the
product  development costs and the personnel, and other infrastructures  costs
required to provide the services.

Accordingly,  whereas  licence revenues may appear to  provide  a  significant
margin  at  the  point of sale, the true margin can only  be  calculated  with
reference  to the size of theses development costs and the number of  licences
sold.

Other  revenues  attract margins that should be related  to  the  quality  and
associated  costs of the personnel and infrastructure required to  fulfil  the
contractual commitments.

Additional  margins may be leveraged through the efficiency savings associated
with quality control and proficient management.


Trading record
In  order  to  ensure the proper and timely production of the technology,  the
Board of Cromwell has, until recently, intentionally restricted the number  of
clients  serviced.  Additionally, these clients have been related to Cromwell,
either by corporate or individual shareholdings.

The timing and size of these projects, together with the continuing investment
in  developing  the  technology  and the infrastructure  to  support  it,  has
resulted in Cromwell posting a profit in only one of the last three accounting
periods.


Cromwell's existing customers
BladeRunner   currently  powers  itnetwork.com  (www.itnetwork.com);   Ideal's
reseller  e-commerce system, BORIS (www.boris.co.uk); and  Network  Multimedia
Television Limited's ('NMTV') Silicon.com (www.silicon.com).

Silicon.com is an on-line IT news publisher which was recently the subject  of
an  £11  million investment from a European venture capital syndicate  led  by
Amadeus  Capital  Partners and including Deutsche Telecom, Dresdner  Kleinwort
Benson  and  Schroder Ventures.  The syndicate acquired a  minority  stake  in
NMTV, the owner of Silicon.com, in this transaction.  As disclosed in InterX's
accounts  for  30 July 1999, James Becher-Wickes, Simon Barker, Kevin  Harper,
and  Konrad Goess-Saurau are investors in NMTV.  Mark Knight and Phil Sant are
also  investors  in  NMTV  and Rob Lewis is both an  investor  in,  and  Chief
Executive of, NMTV.

In  October  1998, NMTV won the prestigious Newsdesk International  Award  for
Innovation  in e-business within the Media & IT sector at the 1998  BT  Awards
for Outstanding Innovation in e-business.


Business development and prospects
InterX  intends that Cromwell will become a market-leading internet technology
provider.  In order to achieve this, InterX will:

*  increase investment in innovation and technological development;
*  build   a  sales  and  marketing  capability  able  to  exploit  Cromwell's
   substantial market opportunities;
*  increase  investment  in  the development of a sophisticated  high  quality
   product engineering function;
*  accelerate the development of complementary technology partnerships.

The  monies required to finance this investment will be met from a combination
of  revenues  generated within the Enlarged Group and part of the proceeds  of
the Placing and Open Offer.

The  maximisation  of  licence  sales will depend  on  Cromwell's  ability  to
leverage the benefits of the above investments within its target markets.  The
company  intends  to  achieve this through the development  of  a  network  of
quality  systems integrators and resellers.  Negotiations to effect this  have
already commenced.

Accordingly, it is anticipated that they key milestones in the development  of
Cromwell's business will be:

*  winning new accounts within our target markets at the rate of  two  per
   quarter  for  the current financial year and to increase this rate  of  new
   account wins to at least three per quarter in the following year; and
*  the  establishment and development of a suitable network  of  qualified
  System  Integrators.   Cromwell intends to sign-up  two  Systems  Integrator
  partners before the end of the current financial year and intends to sign-up
  a further three during the new financial year.

Cromwell   has  recently  completed  a  series  of  negotiations  to   provide
BladeRunner  licences  and associated services to two  significant  businesses
within its target markets:

*  Financial  Services  -  Royal Sun Alliance Insurance  UK  ('RSA')  have
   purchased the BladeRunner products and are working with Cromwell on RSA's  
   UK internet strategy as they bring together their UK direct operations.
*  Media and Publishing - Cambridge University Press ('CUP') have purchased
   BladeRunner  products and are working together with Cromwell  on           
   developing CUP's internet publishing platforms and strategy.

In  each of the market sectors above, Cromwell will continue to target  medium
and  large  companies.  The potential market for Cromwell's products  is  very
large  and  the  Directors believe that, owing to the anticipated  exponential
growth  of  the target market over the next two years, no matter  how  quickly
Cromwell's business grows, it will not be possible for Cromwell to fulfil  the
market demand.

Intellectual Property Rights
Cromwell  owns the copyright, a non-registerable intellectual property  right,
in the code of the BladeRunner software.  BladeRunner is the only registerable
intellectual property right owned by Cromwell.  Cromwell software is currently
marketed  as 'BladeRunner.'  The name of BladeRunner is used by third  parties
in  other jurisdictions for software products and in other product areas.   It
is  the  intention of the Board to review the use of the name  BladeRunner  in
markets  in  which  it  might  infringe other parties'  intellectual  property
rights.  Cromwell does not own patents or have any patents pending.

Cromwell   licenses  certain  software  products  and  application   programme
interfaces  from third parties, including Powerbuilder Run-Time licenses  from
Sybase  Corporation and database drivers from Oracle and  Informix.   None  of
these are customised by Cromwell and all could be replaced by similar products
which are available from other vendors if circumstances required.

The  intellectual property rights in the BladeRunner code are confidential and
the  code  is  delivered to customers in complied object  coded  form  and  is
protected under the terms of the licence agreement between Cromwell  and  each
customer from reverse engineering.


Directors of Cromwell

Philip James Crawford, Executive Chairman, 
48 Philip Crawford became chairman (part time) of Cromwell in February 2000.  
He is  currently President of EDS International with specific responsibility 
for supporting and enabling the aggressive growth of EDS International's 
business in international markets.

He was previously senior vice-president, UK & Ireland, for Oracle Corporation,
which he joined in 1995.  He was also a member of the Oracle Strategy Planning
Committee.

Prior  to  Oracle he held a series of senior management positions with  Groupe
Bull,  the  European  based international IT business,  starting  in  1988  as
project  groups  director for Bull UK and finally in 1993 as chief  executive,
Bull UK & Ireland.  He has also worked for Management Science America and  for
GKN  in both the UK and the USA.  He is currently a non-executive director  of
Fugro N.V., Magus International, KSS, MBA and Beenz.com.


Robert Calder Bruce, Chief Executive, 33
Having  graduated  with  a  degree in Physics and  Electronic  and  Electrical
Engineering,  Robert  Bruce  joined Schlumberger  Data  Services  in  1990  as
Technical Development Manager in Data Processing and Marketing Divisions.   In
1992, he joined Oracle Corporation UK Limited ('Oracle'), initially as a Sales
Consultant,  before  becoming  Oracle's UK  Marketing  Manager  for  Internet,
Intranet and NT products.

In  1997,  Robert  Bruce joined BroadVision UK Limited in  order  to  develop,
first,  its  business and marketing and secondly its sales  divisions,  before
joining Cromwell in February 2000.


James Melvin Feeney, Director, 56
Jim   Feeney   has   over   30  years'  experience  in   the   computing   and
telecommunications industries.  He is a non-executive director of a number  of
companies,  and  advises  companies  and their  shareholders  on  a  range  of
strategic issues.

As  chairman  of Macro 4 plc, he took the company to a full listing  in  1985.
Under his chairmanship, the shareholders' value increased 60 times.

In  his earlier career, Jim Feeney became Chief Executive of the Hoskyns Group
(now  Cap  Gemini  UK)  when  it was acquired by Martin  Marietta;  under  his
management  the company grew sales and profits organically at  nearly  50  per
cent. per annum for seven years.  He has also acted as adviser to a successful
US  Venture  Capital  fund  and has experience  of  setting  up  and  managing
multinational  sales  and distribution networks.  As a software  engineer,  he
worked  on  operating systems and compilers, as well as the development  of  a
range of application systems.

Jim  Feeney was formerly on the council of the Computer Services and  Software
Association (CSSA) and is a fellow of the British Computer Society.



Philip Anthony Sant, Business Development and Alliances Director, 31
Philip  Sant  has  considerable  experience  in  the  business  of  technology
companies.   After  obtaining  a  degree in  Electronics,  Communications  and
Computer  Engineering,  he  worked  for  Rolls  Royce  plc  on  a  variety  of
information  technology assignments.  In 1992 he joined Compaq Computer  GmbH,
where he was responsible for the performance and reliability re-engineering of
mission  critical  client-server systems.   In  1995  Philip  Sant  formed  an
internet  software consultancy with Mark Knight, with whom he was  working  at
Compaq, and merged it with Cromwell in 1997.


Mark Stephen Knight, Technical Director, 39
Mark  Knight  read  Computer  Science with  Economics  at  Brunel  University.
Graduating  in  1983, he was awarded a Prize for his project  demonstrating  a
data  compression  technique which predates Microsoft's implementation  by  10
years.

Upon  graduating, Mark Knight briefly marketed his data compression  software.
He  began  working  as a graduate programmer but his ability  enabled  him  to
become a freelance consultant after less than one year.  Over the next fifteen
years he gained experience of a diverse range of computer platforms, operating
systems,  development languages and industry areas.  He has worked in  defence
(flight   simulation),   public  sector  (police),  communications,   finance,
insurance,  oil and gas, flight (booking), manufacturing, leasing,  publishing
and distribution.

Partnering  with  Philip  Sant,  Mark  Knight  started  an  internet  software
consultancy  and  merged this company with Cromwell in  1997  to  develop  the
BladeRunner  product.   The  principal  systems  created  by  Cromwell   using
BladeRunner, Silicon and Boris, have been awarded national prizes and have won
numerous trade press awards.  Mark Knight is the architect of BladeRunner.


Robert John Lewis, Non-Executive Director, 30
Robert  Lewis  is a non-executive director of Cromwell, as well as  the  Chief
Executive of NMTV.  Whilst he read Economics at Cambridge he launched,  edited
and  published  the  first rival to the University's weekly  newspaper  in  28
years,  winning  a  Guardian media award.  In his final year,  he  turned  the
newspaper into a national title with a weekly print run of 250,000, winning  a
second Guardian award.

He  has  worked  as  a Research Assistant at the House of  Commons.   He  also
founded Business & Technology Magazine which became a market leading title for
IT professionals.  This magazine was sold to Dennis Publishing in 1996.

Robert  Lewis was instrumental in the migration of Cromwell from a paper-based
publisher  to a web-based publisher.  He identified InterX (then Ideal)  as  a
potential strategic partner at an early stage and advises Cromwell on emerging
electronic media and publishing markets.


Simon Peter Dudley Barker, Finance Director (non-executive), 40
Simon  Barker is Commercial Director of InterX, Finance Director of IT Network
Limited  and  Finance Director of Cromwell.  A qualified Chartered Accountant,
prior  to  founding Ideal with James Becher-Wickes and Kevin Harper  in  1986,
Simon  Barker  was financial controller of a computer software company,  Novus
Systems Technology Limited.

In  1994,  as  Finance  Director of InterX (then called  Ideal),  he  led  the
financial  and  legal  teams  for  Ideal's  flotation.   Simon  Barker  became
Operations Director (subsequently Commercial Director) of InterX (then  called
Ideal) in 1997 to focus on the development of the Group's internet strategy.


Senior Management of Cromwell

David Anderson, Vice President of Sales, 43
David  Anderson  has a wide range of experience throughout  the  IT  industry.
After  working for IBM and then Bull Information Systems, between 1986 - 1992,
he  founded  CEDAR Consulting, whose clients currently include  the  Financial
Services  Authority, BG Transco and Magus International.  He also  spent  four
years  from  1994 working for Oracle UK gaining experience as,  amongst  other
things, Regional Sales Manager for Oracle's e-business solutions sales teams.


Ralph Coles, Training Manager, 50
Ralph  Coles is a professional IT lecturer and educator.  Having spent several
years as an IT lecturer at the Queensland University of Technology and as  the
IT  Courses  Training Manager at the Open Learning Institute in Australia,  he
has  since  held  numerous  posts  involving speciality  IT  training  design,
implementation   and  co-ordination.   These  posts  include  JavaScript   and
FrontPage  2000 user training at Bristol Myers Squibb, internet site  redesign
for BT and web site validation process design and implementation for ICL.

IT Network

IT  Network  was  developed in response to an identified requirement,  at  all
levels of the IT distribution channel, for quality product information.

www.itnetwork.com  was  launched on 28 June 1999  as  an  independent  product
information service for IT professionals.

Business development and prospects

It  is  the intention of the Group to develop the ITNetwork in order to fulfil
its global potential.

In order to achieve this, in the foreseeable future, ITNetwork intends to:

*  recruit a management team with the requisite skills and expertise by the
   end of this calendar year;
*  continue  the  development  of the full  range  of  sales  propositions
   embracing  advertising  sponsorship,  e-commerce  and,  imminently,  market
   intelligence;
*  increase  the  investment  in data collection  resources  in  order  to
   increase significantly the depth and breadth of ITNetwork's database over    
 the next few months; and
*  increase  investment in the sales and marketing functions in  order  to
   maximise the commercial potential of ITNetwork's revenue streams.

Key milestones (past and anticipated)

*     Appointment of Chief Executive (6 March 2000)
*     Conclusion of first international strategic relationship (6 March 2000)
*     Raising of finance to fund development (10 March 2000)
*     Commencement of marketing ITNetwork's first product intelligence report
      (July 2000)
*     Establishment of US presence(2001).



Structure of the Enlarged Group and proposed board changes

Upon  completion of the Acquisition, InterX will have three principal  trading
subsidiaries:  Cromwell, IT Network and Ideal.  As detailed in  the  circular,
the Company is in the process of separating Ideal from the Group.


InterX
Conditional  upon  completion of the Acquisition, the following  directors  of
Cromwell  will  join  the Board: Philip Crawford as a non-executive  director;
Philip  Sant  as  Group Technology Director; and Jim Feeney  as  an  Executive
Director with responsibility for identifying strategic opportunities.

It  is  also expected that, upon completion of the Acquisition, Konrad  Goess-
Saurau  will resign from the Board.  It is intended that Philip Crawford  will
take his place on the audit committee.

It  is  the intention of the Board to appoint at least one further independent
non-executive director once suitable candidates have been identified.


IT Network
On  6  March  2000  Robert Wirszycz joined the board of IT  Network  as  Chief
Executive.  Prior to joining the Group, he was Director of Global Alliances of
Electronic Data Systems Corp ('EDS') where he had specific responsibility  for
identifying  and implementing strategic alliances in Europe, the  Middle  East
and Africa.  EDS is the world's largest pure computer services company and  is
widely recognised as a leader in the information and technology field.  Before
joining  EDS  in  March  1998, Robert Wirszycz was  Director  General  of  the
Computing Software and Services Association (CSSA), the trade body for the  UK
information technology industry.

The  board  of  IT  Network  will  remain unchanged  upon  completion  of  the
Acquisition.


Cromwell
The current directors of Cromwell are set out earlier in this press release.


Expenditure and funding

Business  plans  have been prepared for all of the Enlarged Group's  operating
subsidiaries up to July 2002.  The investment required to develop our internet
businesses  is  currently estimated to be approximately £61  million.   It  is
anticipated that the net proceeds of the Placing and Open Offer of £50 million
together  with the anticipated revenues from our currently identified internet
businesses  in  excess  of  £11  million,  will  provide  for  this   required
investment.


InterX
Parent company costs are projected to be approximately £6 million in over  the
next two years.


IT Network
The  Board  expects that £10 million will be invested in sales  and  marketing
development  for  the  IT  Network  in the  course  of  the  next  two  years.
Additionally,  in excess of £5 million has been allocated for the  purpose  of
continuing  technical development of systems, particularly  in  the  areas  of
internationalisation and e-commerce integration.

This  expenditure  of £15 million will be funded as to £12  million  from  the
proceeds of the Placing and Open Offer and £3 million from ITNetwork revenues.
It  is  expected  that the funding raised by the Placing and  Open  Offer  and
applied  to ITNetwork will provide sufficient working capital for a period  of
eighteen  months; for the following six months, the Directors believe revenues
generated within ITNetowrk will be sufficient to maintain its working  capital
requirements.


Cromwell
The  Board  expects that £15 million will be invested in sales  and  marketing
development  for Cromwell in the course of the next two years.   Additionally,
£5  million will be invested in building a European infrastructure to  support
this sales and marketing expenditure development.

This  expenditure of £20 million will be funded by £12 million  proceeds  from
the  Placing  and  Open Offer and £8 million from Cromwell  revenues.   It  is
expected that the funding raised by the Placing and Open Offer and applied  to
Cromwell  will  provide  sufficient working capital for  a  period  of  twelve
months.   Given  revenue  in the six months to 5 February  2000  of  £796,290,
recent  purchase  orders  from Royal & Sun Alliance and  Cambridge  University
Press,  and  the  level  of intended investment in sales  and  marketing,  the
Directors believe future revenues will provide the required working capital to
run  Cromwell  after this initial period of twelve months, for  at  least  the
following twelve months.


PharmWeb
As  detailed in the Circular, InterX has signed non-binding heads of agreement
to  acquire  PharmWeb.   The Board has allocated up to  £10  million  for  the
purposes  of paying cash consideration for this acquisition and a further  £10
million from working capital from proceeds of the Placing and Open Offer.


Ideal
A  confidential invoice discounting facility has been introduced at Ideal.  It
is  the Board's intention to continue with this facility until such a time  as
Ideal  is  separated  from  the Group.  Capital expenditure  within  Ideal  is
budgeted  in  the current year to be £1.5 million.  This expenditure  will  be
financed out of Ideal's own resources.


Financial effects of the Acquisition

The  Board  believes the Acquisition is in the best interests of  Shareholders
and,  following  at  least  two years of substantial investment,  expects  the
Acquisition to enhance earnings.

The  net  assets  of InterX will be substantially increased  as  a  result  of
goodwill  arising  on the Acquisition.  Profits, however,  will  be  adversely
effected by the amortisation of the goodwill arising on the Acquisition.

The  goodwill arising on the Acquisition will be based upon the fair value  of
the  Consideration Shares (being the closing mid-market price of InterX shares
on  the  day  the Acquisition is declared wholly unconditional) and  the  fair
value  of Cromwell's assets.  Based on the closing mid-market price of  InterX
shares on 9 March 2000 of 3,625p, goodwill arising on the Acquisition would be
£440 million.

In  accordance with the Financial Reporting Standard 10 ('FRS 10'),  'Goodwill
and  Intangible  Assets',  the goodwill arising on  the  Acquisition  will  be
capitalised  in the balance sheet as an intangible asset.  The Directors,  are
currently  of  the opinion that it is appropriate to  write off  the  goodwill
over  a  period  of five years on a straight-line basis.  The  Directors  will
continue to keep the useful life under review in accordance with FRS 10.

The  Board  draws your attention to the pro forma statement of net assets  set
out later in this document.


Reasons for, and terms of, the Acquisition

Reasons
The  Directors believe that it is of critical importance to own 100 per  cent.
of  the  issued  share  capital of Cromwell in order to implement  the  stated
strategy.

The  Directors  believe  the significant reorganisation  and  the  changes  to
InterX's  businesses  over the past few years, and  the  prospects  for  these
businesses,  are  symptomatic of the issues affecting all businesses  as  they
prepare to adapt to the opportunities and threats of e-business.

To  have  within  the Group a management team with the experience  and  proven
track record of managing such change together with the technology that enables
it  will be of significant future benefit to the Group.  It is for this reason
that the Directors have negotiated the proposed acquisition of the outstanding
62 per cent. (fully diluted) of Cromwell which InterX does not already own.


Terms
InterX   will   acquire  the  outstanding  ordinary  shares  in  Cromwell   in
consideration for 11,946,052 new Ordinary Shares.  At the close of business on
9  March  2000  (the  last  trading day prior to  the  entering  into  of  the
Acquisition  Agreement), InterX's share price was 3,625p, thereby  valuing  62
per  cent.  of  Cromwell at £443 million and valuing the entire  issued  share
capital  of Cromwell at £694 million.  At the close of business on 8  February
2000  (the  day  prior to InterX's announcement that it had  agreed  terms  in
principle  for the Acquisition of Cromwell), InterX's share price  was  1180p,
thereby valuing 62 per cent of Cromwell at £141 million and the entire  issued
share capital of Cromwell at £226 million.

Completion  of  the Acquisition, which is expected to take place  on  6  April
2000, is conditional upon, inter alia:

(i)    the  Placing  Agreement  becoming unconditional  and  not  having  been
       terminated in accordance with its terms; and

(ii)  the Passing of the Resolutions.

Further  details of the terms and conditions of the Acquisition Agreement  are
set out in the Circular.


Reasons for and terms of the Placing and Open Offer

Reasons
InterX proposes to raise approximately £50 million (net of expenses) by way of
the  Placing  and Open Offer.  The proceeds will be used in part to  fund  the
strategic  development of InterX and Cromwell as set out in this document  and
in  part  to pay the expenses associated with the Acquisition and the  Placing
and Open Offer.

Terms
InterX  intends  to raise approximately £50 million, net of expenses,  by  the
issue  of  1,596,235  new Ordinary Shares at 3,400p per  share.   Charterhouse
Securities,  on behalf of the Company, has agreed to make the  Open  Offer  to
Qualifying  Shareholders.  Charterhouse Securities, as agent for the  Company,
has  conditionally  agreed to procure subscribers for or,  failing  which,  to
subscribe  itself as principal at 3,400p per share for 1,596,235 new  Ordinary
Shares  to  be  issued pursuant to the Placing and Open Offer.  The  Directors
have  irrevocably undertaken not to take up their entitlement  to  New  InterX
Shares  under the Open Offer and these shares, representing 2 per cent of  the
enlarged  share  capital of InterX following the Acquisition and  Open  Offer,
will be placed firm.  The balance of 913,091 new InterX shares will be subject
to clawback to satisfy valid applications by Qualifying Shareholders under the
Open  Offer.   The terms of the Open Offer appear in the letter to  Qualifying
Shareholders from Charterhouse Securities set out in the Circular and  in  the
Application Form.

Under  the terms of the Open Offer, Qualifying Shareholders may apply for  any
number  of  new Ordinary Shares up to a maximum of their individual  pro  rata
entitlement  of 3 new Ordinary Shares for every 40 Ordinary Shares  held  on
the  Record Date.  No applications in excess of such pro rata entitlement will
be  met  and  any  Qualifying Shareholder so applying will be deemed  to  have
applied  only for their maximum entitlement.  Fractional entitlements  to  New
InterX  Shares will not be allocated to Qualifying Shareholders.   The  latest
time  and date for receipt of completed Application Forms and payment in  full
is  3.00 pm on 31 March 2000.  The Open Offer is conditional upon, inter alia,
the Placing Agreement becoming unconditional in all respects.

Application  forms are personal and may not be transferred except  to  satisfy
bona fide market claims.

The  New InterX Shares will be allotted credited as fully paid, and will  rank
pari passu in all respects with the existing Ordinary Shares including for any
dividend  payment.  Dealings in the New InterX Shares are expected to commence
on 6 April 2000.

The  Placing and Open Offer are being sub-underwritten.  The Directors believe
that  the sub-underwriting commissions being offered are competitive  and,  as
such,  have  not  sought  to  offer  the sub-underwriting  for  tender  as  to
commissions payable.


Proposed acquisition of PharmWeb
On  2  March  2000 the Board signed non-binding heads of agreement to  acquire
PharmWeb for a cash loan, note and share consideration of £20 million, subject
to, inter alia, satisfactory due diligence.  PharmWeb owns www.pharmweb.net, a
pharmaceutical  and  health related portal, which was  set  up  by  Manchester
University in 1994.  The Board intends to use this acquisition as the platform
to  develop  the  IT  Network business model within the global  pharmaceutical
industry.   More details of this transaction will be provided to  Shareholders
upon completion of the acquisition.

It  is  expected that InterX will use part of the proceeds of the Placing  and
Open Offer to fund the acquisition and development of PharmWeb.


Interim results, current trading and prospects
The  full text of the announcement of the unaudited interim results of  InterX
for the 27 weeks ended 5 February 2000 is contained in a separate announcement
dated today.

InterX  achieved turnover of £201 million (1999: £148 million), profits before
tax, after exceptional items, of £451,000 (1999: £3,009,000) and earnings  per
share, after exceptional items, of 1.26p (1999: 9.60p) for the 27 weeks  ended
5  February  2000.  InterX had net assets of £15.8 million as  at  5  February
2000.   Cromwell  achieved  turnover of £796,290 and  a  loss  before  tax  of
£537,709 for the 27 weeks ended 5 February 2000.  Cromwell had net liabilities
of £240,126 as at 5 February 2000.

The  prospects for the Group are exciting.  The significant funds being raised
in the Placing and Open Offer will enable the Group to commence the process of
developing sizeable channels for its technology, and ensure that the Group can
enter  into  an accelerated expansion phase for itnetwork.com, while  securing
opportunities in other vertical markets.


IT Network
Although  marketing spend to date has been restricted, new sponsors are  being
attracted to ITNetwork's proposition.  Since the launch last summer,  billings
have  been over £1.27 million.  On 6 March 2000, Rob Wirszycz joined from  EDS
as Chief Executive; his unique experience will be of significant benefit to IT
Network's future success.


Ideal
Ideal  continues to show strong growth in turnover and, as announced in  March
2000,  is performing ahead of budget for the year to date.  Conditions in  the
IT  distribution  industry continue to remain tough, however,  impacting  both
margin and cash flow on an industry-wide basis.


Cromwell
The  first  six  months  of the year have been a period  of  consolidation  at
Cromwell, as production of its software has continued and investment  mode  in
recruitment  of staff.  The appointments of Philip Crawford and  Robert  Bruce
will provide the sales and marketing impetus needed to ensure success.


Update on disposal of Ideal
With  regard  to  the  separation  of Ideal  from  the  Group,  the  Board  is
progressing the sale of Ideal and expects to be in advanced negotiations  with
a purchaser at the time of our Extraordinary General Meeting on 6 April 2000.


Directors'  and  Proposed Directors' sale of shares, reduction  of  beneficial
interests in certain trusts and orderly market undertakings
At  the same time as the Open Offer, certain directors and former directors of
InterX  and  certain  of the Cromwell vendors and certain other  persons  will
sell,  in aggregate, 2,268,584 Ordinary Shares, subject to approval by  InterX
shareholders of the Acquisition and Placing and Open Offer.  The Vendor Shares
will be placed by Charterhouse Securities with institutional investors at the
same  price  as the New InterX Shares.  The Selling Shareholders  will  enter
into orderly market undertakings in respect of their remaining holdings, under
which  they  undertake not to deal in any Ordinary Shares for a period  of  18
months  from  the date of the Circular save in the event of a  takeover  offer
being  made  for the Company without the prior written consent of the  Company
and  Charterhouse  Securities.  It is expected that certain  Directors  and  a
former  director  will cease to have beneficial interests  in  certain  trusts
which hold 365,700 Ordinary Shares, prior to 5 April 2000.  These trusts  were
set up for the benefit of certain key employees of the Group.

Following  the Placing and the reduction of the beneficial interests  referred
to  above, the Selling Shareholders will continue to hold 16,187,748  Ordinary
Shares,  representing approximately 46 per cent of the Enlarged  Group.   Full
details of these shareholdings are set out in the Circular.


Share Option Schemes
The  Circular also contains details of proposals to introduce a new  executive
share  option scheme under existing legislation, namely, a discretionary share
option  scheme.  The Board has ceased to grant any further options  under  the
InterX Executive Share Option Scheme.


Extraordinary General Meeting
Set out in the Circular is a notice convening an Extraordinary General Meeting
of  the  Company  to  be held on 5 April 2000 at the offices  of  Charterhouse
Securities,  1 Paternoster Row, London EC4M 7DH at which Resolutions  will  be
proposed,  inter  alia, to approve the Acquisition and the  Placing  and  Open
Offer, to approve the adoption of the New Scheme and to approve an increase in
the  maximum  number  of  directors allowed under the  Company's  Articles  of
Association.


DIRECTORS' INTENTIONS UNDER THE OPEN OFFER

In order both to increase liquidity in the trading of InterX's ordinary shares
and  to  broaden  InterX's  shareholder base, the Directors  have  irrevocably
undertaken that they will not take up their entitlements under the Open Offer.


DIRECTORS' VOTING INTENTIONS

The  Directors will vote in favour of resolutions 1, 2, 3 and 5 to be proposed
at  the  Extraordinary  General Meeting, in respect of  their  own  beneficial
holdings,   which,   in  aggregate,  amount  to  6,094,042  Ordinary   Shares,
representing  approximately 28 per cent. of the issued ordinary share  capital
of the Company.  Simon Miesegaes will not vote on resolution 3 as he will be a
beneficiary under the New Scheme.

Under  the  rules of the City Code, the members of the Concert Party  are  not
considered independent and are prohibited from voting on resolution  4,  which
seeks shareholder approval of the Waiver.


Intentions of the Concert Party
It  is the intention of the Concert Party that, subsequent to the Acquisition,
the Enlarged Group will be managed by the Directors and the Proposed Directors
in the manner described in the Circular.

However,  as  stated in the Circular, the Board intends to apply IT  Network's
successful  business  model to other vertical markets.   The  Board  may  also
identify other businesses or technologies which it believes are complementary.
As  a  result,  the  Board  may,  in  due course,  issue  Ordinary  Shares  as
consideration for these acquisitions.


RECOMMENDATION

Your  Directors, who have been so advised by Charterhouse Securities, consider
the  Acquisition  and Placing and Open Offer, the Waiver and  the  Resolutions
with  the  exception of resolution 3, relating to the new share option  scheme
arrangements, which the Directors other than Mr Miesegaes consider  to  be  in
the  best  interests  of  the Company and its shareholders  as  a  whole.   In
providing advice to the Directors, Charterhouse Securities has relied  on  the
Directors' commercial assessments.

Accordingly,  your  Directors unanimously recommend Shareholders  to  vote  in
favour of the resolutions to be proposed at the Extraordinary General Meeting.


                                                                Richard Jewson
                                                        Non-Executive Chairman
                                                                 10 March 2000

DEFINITIONS
                                       
The  following definitions apply throughout this document unless  the  context
requires otherwise:

'Acquisition'                the  acquisition by InterX plc of Cromwell  Media
                             Limited
                             
                             the conditional agreement relating to the
'Acquisition Agreement'      Acquisition, details of which are set out in the
                             circular
                             
'Act' or 'Companies Act'     Companies Act 1985, as amended
                             
'Admission'                  admission of the New Ordinary Shares to the
                             Official List
                             
'Articles of Association'    the articles of association of the Company
or 'Articles'                
                             
'APPLICATION FORM'           the application form relating to the Open Offer
                             accompanying this document
                             
'BLADERUNNER'                the BladeRunnerTM  software
                             
'CHARTERHOUSE SECURITIES'    Charterhouse Securities Limited, financial
                             adviser and stockbroker to the Company
                             
'THE CIRCULAR'               the Circular dated 10 March 2000 containing,
                             inter alia, details of the Acquisition and the
                             Placing and Open Offer
                             
'City Code'                  The City Code on Takeovers and Mergers
                             
'Concert Party'              the Cromwell Vendors, Robert Calder Bruce and
                             Philip James Crawford
                             
'Consideration Shares'       11,946,052 new Ordinary Shares to be issued to
                             the Cromwell Vendors in accordance with the terms
                             of the Acquisition Agreement
                             
'CREST'                      the system operated by CREST Co Limited in
                             accordance with which securities may be held and
                             transferred in uncertificated form
                             
'Cromwell'                   Cromwell Media Limited
                             
'Cromwell Group'             Cromwell and its subsidiary undertakings
                             
'CROMWELL TRUSTEES'          Robert Lewis, Philip Sant, George Melville and
                             John Bryant in their capacity as trustees of the
                             Advancer Internet Trust,
                             Robert Lewis, George Melville and John Bryant in
                             their capacity as trustees of the RL/Knight
                             Settlement and Robert Lewis, John Bryant and
                             Philip Sant in their capacity as trustees of the
                             RL/Sant Settlement
                             
'CROMWELL VENDORS'           Philip Sant, Mark Knight, Robert Lewis and The
                             Monument Trust Company Limited and the Cromwell
                             Trustees
                             
'DIRECTORS' OR 'BOARD'       the directors of the Company whose names are set
                             out in the Circular
                             
'Enlarged Group'             the Group following Acquisition
                             
'Extraordinary General       the extraordinary general meeting of the Company
Meeting' or 'EGM'            to be held on 5 April 2000
                             
'Form of Proxy'              the form of proxy for use in connection with the
                             EGM
                             
'Group' or 'Enlarged Group'  the Company and its subsidiary
                             
'Ideal'                      Ideal Hardware plc
                             
'InterX' or the 'Company'    InterX plc
                             
'IT Network'                 IT Network Limited
                             
'London Stock Exchange'      London Stock Exchange Limited
                             
'New InterX Shares'          1,596,235 new Ordinary Shares to be issued
                             pursuant tot he Placing and Open Offer
                             
'New Ordinary Shares'        the Consideration and the New InterX Shares
                             
'New Scheme'                 the InterX 2000 Executive Share Option Scheme
                             
'Official List'              the Official List of the London Stock Exchange
                             
'Old Scheme'                 the InterX Executive Share Option Scheme
                             
'Open Offer'                 the conditional offer by Charterhouse Securities
                             on behalf of the Company to Qualifying
                             Shareholders as set out in the letter from
                             Charterhouse Securities which forms Part II of
                             this document and in the Application Form
                             
'Ordinary Shares'            ordinary shares of 5p each in the capital of the
                             Company
                             
'PharmWeb'                   Pharmweb Limited
                             
'Placing'                    the placing of New InterX Shares not taken up
                             under the Open Offer and the placing of the
                             Vendor Shares as described in this document
                             
'Placing Agreement'          the agreement in respect of the Placing and Open
                             Offer details of which are set out in paragraph 9
                             of Part VIII of the circular
                             
'Placing Price'              3,400p, being the price at which shares will be
                             placed by Charterhouse Securities in accordance
                             with the Placing Agreement
                             
'Proposed Directors'         Philip Crawford, Jim Feeney and Philip Sant,
                             whose appointments to the Board are conditional
                             upon the completion of the Acquisition
                             
'Qualifying Shareholders'    Shareholders on the register of members of the
                             Company at the Record Date other than certain
                             overseas Shareholders
                             
'Record Date'                the close of business on 2 March 2000
                             
'Resolutions'                the resolutions to be proposed at the EGM
                             
'Selling Shareholders'       certain of the Cromwell Vendors and certain of
                             the Directors and former directors who intend to
                             sell Ordinary Shares as more fully described on
                             page 5 of the Circular
                             
'Shareholders'               holders of InterX Shares
                             
'Share Option Schemes'       the New Scheme and the Old Scheme
                             
'Vendor Shares'              2,268,584 Ordinary Shares to be sold by the
                             Selling Shareholders