Holding in Company

Viking Internet PLC
4 June 2001


Sunvest Corporation Limited (Sunvest) has today acquired 440,000 Ordinary 1p
Shares in Viking from Tarragona Investment Group Limited (Tarragona).  In
addition Tarragona has granted Sunvest an option to acquire additional
15,000,000 Shares.  Sunvest is accordingly now the beneficial owner of
16,000,000 Ordinary Shares representing 12.31% of the Issued Ordinary Share
Capital of Viking and has an interest in an additional 15,000,000 Shares,
11.54% of the Ordinary Share Capital.

Should Sunvest exercise its option, its interest in the shares in Viking would
amount to 31,000,0000 Ordinary 1p Shares representing 23.85% of the Issued
Share Capital.

Tarragona retains 15,560,000 Shares representing 11.97% of the Shares in
Viking, of which 15,000,000 Shares are subject to the option referred to
above.

4 June 2001


Enquiries:
NATHAN STEINBERG
Finance Director

Tel:  [phone]