Holding in Company

Viking Internet PLC
25 May 2001


                                PRESS RELEASE


                     VIKING INTERNET PLC ('the Company')


Sunvest Corporation Limited has today acquired 14,560,000 1p ordinary shares
in Viking Internet Plc from Norstar Pension Planning Corporation, a trust in
which Erik Wachtmeister is a potential beneficiary.

Sunvest Corporation Limited, a listed Australian company controlled by Mr
Bruce Rowan is now the beneficial owner of 15,560,000 ordinary shares,
representing 11.97% of the issued ordinary share capital of the Company. Mr
Malcolm Burne has joined the board as executive chairman of the company on
behalf of Sunvest with immediate effect to redirect the company's activities.

William Dartmouth and Hans von Schreeb have tendered their resignations as
directors.    Mr Wachtmeister retains his personal shareholding of 6,000,000
ordinary shares, representing 4.62% of the issued share capital of the
Company, and remains as a non-executive director with responsibility to
realise value from the company's existing Nordic investments.


 25 May 2001

Enquiries:
NATHAN STEINBERG
Finance Director

Tel:  [phone]