Stmnt re Board Appointment

Interregnum PLC
23 September 2004


Thursday 23rd September 2004

                                INTERREGNUM PLC

              Appointment of Director and Four Managing Directors

Further to the release of its full year results on 23 September 2004, in which
the Board of Interregnum announced the appointment of Dr. John Forrest as a
Non-Executive Director, the Company is able to provide further information in
respect of his appointment.

Interregnum has also strengthened its corporate finance advisory capabilities
with the appointment of four managing directors, Niall Doran, James Gambrell,
Timothy Gocher, and Alexander MacPherson.

Dr. John Forrest CBE FREng was appointed Chairman of Interregnum's International
Advisory Board in April 2003. He was previously a Non-Executive Director of 3i
plc and Chairman of the Spectrum Management Advisory Group, a body set up by the
UK Parliament to advise government ministers on the management and use of the
wireless spectrum. John was the founder and first Chief Executive of NTL. He has
advised the European Commission for several years in its major science and
technology programmes and has assisted several technology start-ups as chairman
or director and been closely involved in their initial public offerings on the
London AlM and US NASDAQ markets.

John currently has a beneficial interest in options over 30,000 ordinary shares
of Interregnum plc. The options were granted on 8 April 2003, when Interregnum's
International Advisory Board was formed, with an exercise price of 5p. The
options vest equally over a 3-year period. The first third vest on 8 April 2004.

The directorships and partnerships held by John Forrest currently and over the
five years preceding the date of appointment are as follows:

Current:              Cellular Design Services Ltd
                      Thornegate Ltd
                      Eiltech Ltd
                      Egan International Ltd
                      Iduna Ventures Ltd
Previous:             3i plc
                      Human IT Ltd
                      Tricorder Technology Ltd

The four Managing Directors appointed to further strengthen Interregnum's
capability to effect complex transactions and exits are as follows:

Niall        Niall began his career at Accenture, where he worked on a series of
Doran        large technology projects in banking, financial markets and
             consumer products. He has extensive experience of the global oil
             and gas industry and has led a number of large scale technology
             transformation projects. While at Accenture he also developed a new
             European business unit focused on technology assets with sales of
             £50m. Prior to joining Interregnum he was turnaround CEO of
             Intigma, a Softbank-backed IT software company providing structured
             content solutions to Global 500 companies.
James
Gambrell     James has provided strategic and interim management services for
             early-stage or turnaround telecoms, media and technology companies
             in China, Asia, the US and Europe. He was previously Group Managing
             Director of Granada-Power Channel - Power Channel Europe PLC, a
             joint venture with Granada Media, and, prior to that, CEO of
             Imagitel, Inc., a telecoms company. He was previously a principal
             consultant at Waterford Investments, providing corporate
             acquisition and turnaround advisory services to small and
             medium-sized businesses.

Timothy      Prior to joining Interregnum, Tim was a management consultant at
Gocher       Powergen PLC/E.On in UK and Russia, responsible for major projects
             in risk management, corporate venturing, renewable energy and
             Russian energy privatisation. He started his career in corporate
             finance and technology at Deloitte & Touche (London) and then J.P.
             Morgan (New York). He subsequently founded and grew Virtual
             Frontiers, an e-commerce and systems integration firm, before
             becoming Chief Technology Officer for Sensenet, Inc. in New York
             (which acquired Virtual Frontiers). While in New York he also
             founded Thought Bay, a software development consultancy which he
             sold to Vote.com in 2001.

Alexander    Alexander has extensive experience in the telecoms industry, having
MacPherson   previously been: CEO of Levicom Broadband, a Baltic communications
             firm which, following its restructuring, was successfully sold to
             Netcom of Sweden; COO of a Millicom cellular GSM operator in
             Estonia which became no.2 in the market a year after its launch;
             and Senior VP Marketing and Business Development for Storm
             Telecommunications. He was previously a senior fund manager of the
             450 Wirefree Systems fund, a J.P.Morgan-backed US$70m private
             equity fund which acquired undervalued analogue cellular networks.
             Before joining Interregnum, he was VP Business Development at
             Inquam, a Qualcomm-backed telecommunications investment firm which
             acquires cellular networks worldwide.


Commenting on these appointments, Ken Olisa, Chief Executive of Interregnum,
said:

'We are delighted to strengthen further the Interregnum team with the
appointment of such high calibre individuals. Each one has a wealth of
experience in the global technology market and has clearly demonstrated their
ability to significantly grow successful technology companies.

'We believe that their contribution will be invaluable to Interregnum and will
enable us to pursue our mission to become the first European port of call for
entrepreneurs and investors seeking to transform technology into wealth.'

                                    - Ends -


Interregnum                                     020 7494 3080
Ken Olisa, Chief Executive

Merlin                                          020 7653 6620
Vanessa Maydon                                  Mob. [phone]
Rebecca Penney                                  Mob. [phone]





                      This information is provided by RNS
            The company news service from the London Stock Exchange