Investments

Interregnum PLC
14 May 2001



Monday 14th May 2001





                               INTERREGNUM PLC



           Total £2 Million Investment in Respond and Link Software



Interregnum plc ('Interregnum'), the IT investment and advisory company, today
announces two investments:



*        £1m investment in Respond Limited ('Respond'), a customer retention
and loyalty software and services vendor, as part of a £2 million second
tranche of equity funding with 3i.



*        Public subscription for 'B' shares to the value of Euro 1.65 million
(£1.02 million) in Link Software NV ('Link'), a developer of web-based
collaborative software, based in Belgium and listed on the Euro.NM.



Respond



Respond (http://www.respond-uk.co.uk, http://www.respond-inc.com) is the UK
market leader in providing software and services that help companies build
better business through customer loyalty. The £2 million equity funding will
be used to further expand Respond's international operations and its product
range, focused on the customer retention/loyalty market.



Respond has 1,500 customers worldwide including Thomson Global Services,
Barclays Bank plc and Racal Telecom.  Based in the UK, it has offices in the
US and distributes in Continental Europe and Australia



Link



In addition, Interregnum is acquiring shares to the value of Euro 1.65 million
(£1.02 million) in Link representing approximately 42% of the fully diluted
equity. The proceeds of the capital will be used to finance further R&D
expenses and to finance expansion into the USA.



Link (www.elinksuite.com) develops and markets web-based enterprise software
applications for collaborating, sharing, storing and retrieving information
for and between individuals, project teams and organisations. Link currently
has 4,000 installed users at 250 sites  in the UK and Continental Europe.
Customers include Investco, More Group,  Brussels Regional IT Center, Union
Miniere and Forem.



Commenting on the Respond investment, Graham Ransom of Interregnum, said:



'Respond is extremely well positioned to maximise significant growth
opportunities in the Customer Retention and Loyalty  (CRL) software market
given its 10 year track record and its existing blue chip client base.
Analysts predict strong growth in this sector, evidenced by a report by
Peppers & Rogers and FSM stating that 56 per cent of CEO respondents identify
customer retention/loyalty as their top business objective.'



Commenting on the Link investment, Ken Olisa of Interregnum, added:



'Interregnum has worked with Link since 1997, we are delighted to have the
opportunity to invest in the future of a long-standing client. The additional
financial strength to enter the US market will enable Link to build strategic
partnerships and to ride on the rapid growth in demand for web-based
collaborative solutions. We look forward to working more closely with Link to
exploit its unique market positioning between Groupware, CRM and Knowledge
Management.'



                                    -Ends-





For further information please contact:


Ken Olisa, Chairman and CEO

Pip Creed, Senior Marketing Executive

Interregnum plc                                  Tel:     [phone]


Paul Downes/Vanessa Maydon

Merlin Financial                                 Tel:     [phone]

Jim Anderson, CEO

Christine Sten, Director of Marketing            Tel. [phone] (HQ)

Respond Limited                                  Tel. [phone] (UK)







NOTES TO EDITORS



Interregnum plc



*        Interregnum plc ('Interregnum') is an IT investment and advisory
company.  It works with high-potential IT entrepreneurs to develop, resource
and implement aggressive, marketing-led, value-building strategies which '
transform technology into wealth'.



*        It provides both intellectual and financial capital to companies from
conception to exit including:



-         Venture Marketing: working as non-executive directors with IT
          companies to develop, fund and implement aggressive business          
          strategies;

-         Research & Consulting: working with innovators and investors on
          specific projects where the critical analysis or development of       
          strategies is involved;

-         Transactions: advising on mergers and acquisitions, principally
          focusing on turn-arounds and roll-ups;

-         Venture Capital: co-investing with institutional and private
          investors.  Interregnum is also raising a £75 million venture capital 
          fund.



*        Interregnum - (www.interregnum.com) is headquartered in London with
an office in San Francisco, USA, and associates in Silicon Valley and New
York.  The company currently employs 29 people.



*        It currently has a portfolio of over 30 IT and IT-related investments
with holdings principally in hardware, software, services and internet
infrastructure businesses.



*        Its recent investments include:



-         Adaptive: £800,000 two tranche investment in an enterprise
          repository technology company

-         Vocalex: £1 million in a speech recognition software company

-         Nanomagnetics: £500,000 in an information storage materials company

-         Datapoint Group: £3.95 million in a contact centre consultancy and
          services company

-         Computerwire: £500,000 in an online IT intelligence researcher and
          publisher

-         On board Info: £950,000 in software and e-commerce e-calendar
          company

-         Mediasurface: £270,000 in a web content management company



*        Interregnum floated on the Alternative Investment Market ('AIM') in
March 2000.  At 11 May 2001, it is capitalised at £47.5 million.