Proposed Acquisitions, Placing & Open Offer & EGM

VoyagerIT.Com PLC
11 February 2000


                      Voyager IT.Com plc
                 ('Voyager' or 'the Company')
                               
         Proposed Acquisitions, Placing and Open Offer
      and Notice of Extraordinary General Meeting ('EGM')


The Directors of Voyager announce today that the Company plans
to  raise  approximately £7.7 million (prior to  expenses)  by
means  of  a Placing and Open Offer of 51,500,000 New Ordinary
Shares  at 15p per share.  The issue has been underwritten  by
Seymour  Pierce Limited, save for the 3,881,250  New  Ordinary
Shares  which  Stephen  Dean and Peter  Holmes,  directors  of
Voyager, have irrevocably undertaken to take up under the Open
Offer.

The net proceeds of the Placing and Open Offer will be used to
fund  the  acquisitions, as detailed  below,  and  to  provide
additional working capital to fund any future acquisitions  or
investments in accordance with the Company's strategy,

The Acquisitions

At  the  time of the Company's admission to AIM on  24  August
1999, the Directors stated that the aim of the Company was  to
seek  to  acquire  or invest in smaller companies  within  the
information  technology, internet or media sectors  which  had
the potential for rapid and sustainable growth.  Set out below
are  details  of  two investments which the Directors  believe
meet these criteria.

FutureOne, Inc. ('FutureOne')
FutureOne, a company whose stock is traded on the OTC Bulletin
Board,  was  established in 1994 and aims to offer  a  diverse
range  of communications solutions to its customers by selling
communications  equipment  and  services  including  broadband
convergence  technology  solutions, local  and  long  distance
telephone services, internet e-business solutions, advertising
and  graphic design services and underground cable engineering
and construction services.  FutureOne's published intention is
to  focus on the development of its convergence technology and
telecommunications  services and on the further  expansion  of
its  broadband  communications  engineering  and  construction
division.

Voyager  has conditionally agreed to purchase a company  which
holds 1,000,000 shares of common stock in FutureOne which at 7
January  2000  represented a 7.75% stake in the company.   The
consideration of £1,535,000 is to satisfied in cash.

The Puma II Fund ('Puma II')
Puma  II  is an investment fund which will have a  life  of  5
years  which  may  be  extended  to  7  years.   Puma  II  was
established  in September 1999 to seek to acquire  significant
stakes in companies whose shares have the potential for strong
capital  appreciation.  Puma II is expected  to  have  a  bias
towards  technology but may also invest in a number  of  other
sectors  where  Shore Capital Stockbrokers Limited,  the  fund
manager,  has expertise.  Puma II will seek to take  advantage
of  under-valued  investment opportunities.  The  geographical
focus of Puma II is the UK and Israel.

Voyager  has conditionally agreed to purchase a company  which
owns  3,000  Puma  II ordinary shares for a  consideration  of
£1,615,000.


Previous Investments

In  addition to the proposed acquisitions described above, the
Company has also recently acquired interests in the following:

Voyager Financial News.Com plc ('VFN')
VFN operates through its two established trading subsidiaries,
Boswell  City Financial PR Ltd. and Taylor Research Associates
Ltd.  VFN also has an investment in Eximius Corp., which is  a
business based in New York.  VFN's ordinary shares are  traded
on  OFEX  and  the closing mid market price per  share  on  10
February 2000 was 22p.

Boswell  City Financial PR Ltd was formed in 1985 and provides
corporate, financial, media and investor relations services to
a cross section of fully listed, AIM and OFEX traded clients.

Taylor  Research  Associates  Ltd.  was  formed  in  1996  and
provides specialist business information services ranging from
market  and  sector analysis to company profiles  and  product
information.

Eximius Corp. provides high quality financial research,  news,
ideas  and  investment  tools for  distribution  via  internet
portals  and  plans to establish synergistic relationships  to
further   develop   a  network  of  multi-country/pan-European
websites through cross border alliances and partnerships.

Voyager  invested  £100,000 on 22 October 1999  for  2,000,000
ordinary  shares  representing 32% of VFN.  Voyager  also  has
warrants to subscribe for a further 400,000 ordinary shares in
VFN exercisable at 5p per share.

Stephen Dean and Peter Holmes are directors of VFN.

Ukbet Plc ('Ukbet')
Voyager has invested £190,500 for 2,580,000 ordinary shares in
Ukbet,  an online betting company, which represents  18.4  per
cent of the company.


Future Prospects

The Company has entered into a conditional agreement to invest
£750,000 in enterpriseAsia.com plc, a company formed to invest
in  start up and early stage internet related and IT companies
with a particular focus upon Asia including the Far East.

The  Company  is  also in the late stages  of  negotiation  on
several  other possible transactions which may lead to further
acquisitions   or  investments  at  which  point   a   further
announcement will be made.

The   Directors  believe  the  pipeline  for  new   investment
opportunities  continues to be good and the Company  continues
to  source  and review other suitable companies or  businesses
that meet the specified criteria.


The Open Offer

Under  the Open Offer, Qualifying Shareholders will be invited
to  apply  for  New Ordinary Shares at the price  of  15p  per
share, payable in full in cash on application on the basis of

3 New Ordinary Shares for every 5 existing Ordinary Shares

registered  in  their name at the close  of  business  on  the
Record  Date  (2 February 2000).  Entitlements  of  Qualifying
Shareholders will be rounded down to the nearest whole  number
of  New  Ordinary  Shares.  Any resulting excess  entitlements
will be aggregated and sold by Seymour Pierce Limited pursuant
to the Underwriting Agreement for the benefit of the Company.

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


Extraordinary General Meeting

The  Extraordinary  General Meeting  of  Shareholders  of  the
Company  has  been convened to be held at Bridewell  House,  9
Bridewell Place, London EC4V 6AW at 11.00 am on 9 March 2000.

Application will be made to the London Stock Exchange for  the
New   Ordinary  Shares  to  be  admitted  to  trading  on  the
Alternative  Investment Market and dealings  are  expected  to
commence on 10 March 2000.

The New Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company.

Copies of the document regarding the Open Offer have been sent
to  shareholders and will be available to the  public,  for  a
period  of  14  days following the date of this  announcement,
from  the  offices of Seymour Pierce Limited, 29/30  Cornhill,
London EC3V 3NF.


For further information, please contact:

Voyager IT.Com plc                            01480 436666
Stephen Dean, Chairman

Seymour Pierce Limited                        0171 648 8700
Richard Feigen / Sarah Wharry

Boswell City Financial PR                     0171 583 2001
Glenda Boswell


Timetable of Principal Events

Record date for the Open Offer                                2 February 2000
Posting of Circular and Application Forms                    11 February 2000
Latest time and date for splitting of Application
forms to satisfy bona-fide market claims               3.00pm on 2 March 2000
Latest time and date for receipt of Application
forms and payment in full under the Open Offer         3.00pm on 6 March 2000
Latest time and date for receipt of Forms of Proxy    11.00am on 7 March 2000
Extraordinary General Meeting                         11.00am on 9 March 2000
Dealings in new Ordinary Shares expected to commence            10 March 2000
CREST Accounts credited by                                      10 March 2000
Despatch of definitive share certificates by                    17 March 2000