Advises on Sale of Chevin Ltd

Interregnum PLC
16 March 2005



16 March 2005


                                INTERREGNUM PLC

   Advises on sale of technology company for significant multiple of revenues

Interregnum plc ('Interregnum'), the technology merchant bank, today announces
that it has advised on the sale of Chevin Ltd ('Chevin'), a security and systems
management company, on behalf of MTI Partners ('MTI'), the UK's leading
early-stage hi-tech institutional venture fund, to Allen Systems Group ('ASG'),
a US provider of enterprise software and professional services, for an
undisclosed amount.  Interregnum negotiated the successful sale of the company
for a significant multiple of revenues.

The sale of Chevin is expected to generate significant undisclosed advisory
revenues for Interregnum in the current financial year.

Interregnum assessed the value of Chevin - using its proprietary methodology,
The Four Pillars of Value(c) - and then identified the most appropriate acquirer
for the company.  This transaction reflects Interregnum's capability to take a
pre-profit early-stage UK company and negotiate its sale to one of the world's
largest independently-owned software companies, creating significant returns to
Chevin's shareholders.


Commenting on the transaction, Ken Olisa, Chief Executive of Interregnum, said:

'The sale of Chevin represents a classic merchant banking deal for Interregnum,
drawing on our technology expertise and corporate finance skills to transform
technology into wealth for all parties involved.  The deal is an exemplar of the
consolidation in the technology market as larger companies seek to find value
through acquisition of smaller IP-based businesses.'

Ernie Richardson, CEO of MTI, added 'Interregnum's creativity and its deep
sector knowledge have been integral to identifying the perfect home for Chevin.
ASG is an excellent fit, allowing shareholders of Chevin to share in the future
value created by this world class technology as it enters the global
marketplace.'

                                    - Ends -

Enquiries:

Interregnum plc                                     020 7494 3080
Ken Olisa, Chief Executive

Merlin                                              020 7653 6620
Vanessa Maydon                                      07802 961 902
Rebecca Penney                                      07795 108178

Notes to Editors

About Interregnum plc


Interregnum plc (www.interregnum.com) is a technology merchant bank listed on
London's Alternative Investment Market (symbol: ITR).  Established in 1992,
Interregnum buys, sells, advises, invests in and operates technology companies.
Its advisory services include corporate finance, IP exploitation and commercial
due diligence.  The company's clients are principally corporates, government,
technology entrepreneurs, advisors and investors.

About MTI


MTI (www.mtifirms.com) is one of the UK's leading providers of specialist
venture capital to UK technology companies that are at an early stage in their
development or recovery. Its strength lies in its appreciation of hi-tech
companies, coupled with the experience to provide quality business advice.  All
its executives are well-qualified technologists who have a passion for helping
young companies, and their management teams, evolve and grow.  They have enjoyed
success in commercial business environments at the most senior levels of
management before joining MTI.


MTI's overriding motivation for investment is a company's potential for
commercial success, determined by the quality of its technology, potential
market, and the calibre of its management.  The Company has been supporting UK
 early stage technology since 1983, and is currently actively investing from its
fourth, £105m, fund.  It typically provides between £1 million and £5 million,
with return on investment sought principally in the form of capital gain over a
3 to 7 year period.


Recent example investments made by MTI include Powerlase, Eleksen and ApaTech,
and recent major realisations include Sarantel and Advanced Composites Group.


About ASG

Founded in 1986, ASG is a privately held global enterprise software and
professional services firm that provides a full range of software solutions in
the Metadata Management, Security Management, Applications Management,
Operations Management, Information & Data Management, Performance Management,
and Infrastructure Management arenas. ASG is headquartered in Naples, Florida,
USA, with more than 45 offices serving the Americas, Europe, Middle East, 
Africa, and Asia/Pacific. For more information, visit ASG at www.asg.com.


About Chevin

Founded in 1989 and based in Luton, Chevin (www.chevin.com) is a privately held
company whose primary objective is to optimize organisations' networks in terms
of performance and cost to provide both users and customers with an enhanced
network experience.



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