Re Agreement

RTS NetWorks Group PLC
26 June 2001

                                             26 June 2001

                 RTS NetWorks Group PLC
             ('RTS Networks' or 'the Group')

The Board of RTS NetWorks, provider of next-generation e-
and  m-business solutions, announces the  creation  of  a
common  Mobile  Application Framework and a cross-selling
agreement with Colony101, AB.

RTS  Networks  and Colony101, the privately held  Swedish
based consortium of service companies specialising in the
telecoms sector, are both leading developers of fixed and
mobile  business applications. The Board of RTS  Networks
believes  that  this  strategic  alliance  will   further
consolidate the Group's position as an industry leader in
the high-growth mobile/multi- channel market.

RTS   Networks  and  Colony101  will  combine  technology
assets,  resources and skills to create a  common  Mobile
Application Framework, that each will market and sell  in
their  respective territories.  This will accelerate  the
development  of  tested products and  solutions  for  the
business and public sector markets.

The  Board  of RTS Networks believes that this  agreement
will  improve revenues and profitability as of the second
half   of   2001.  Applications  built  on   the   Mobile
Application  Platform are expected to begin  to  generate
revenues   in   2001,  and  should  generate  significant
revenues during 2002.

'Multi-channel' refers to the technical environment  that
is  increasingly central to business and social  activity
where   information  and  services   are   delivered   to
companies,  consumers  and other users  over  PCs,  PDAs,
mobile   phones  and  other  devices,  in   a   flexible,
coordinated   way.  Multi-channel  development   requires
competence    in    existing   and   emerging    wireless
technologies,  as  well  as more 'traditional'  Internet,
database and network skills.

RTS  Networks has an established presence in Finland, the
UK, France and the US as a designer of fixed and wireless
applications. Colony101 is an industry leader in  Sweden,
with  offices in Stockholm, Sundsvall, Lulea, Boden, Umea
and also in Frankfurt, Germany.

The   alliance   will  strengthen  the   competence   and
experience  of  the two companies in  a  wide  number  of
areas,  including browser technologies (e.g.  Wap),  push
technologies,  SMS,  mobile payment, and  GPS  (satellite
positioning). Mobile business applications over  2.5  and
3G  (third generation) networks will require a mastery of
these different technologies.

Successful working applications already built by the  two
companies include:

-  RTS  Networks's  Wireless  Investor,  providing  stock
   market information and investor services over Java based
   handheld  devices,  including the  Nokia  9210  recently
   presented  jointly with Nokia at the JavaOne trade  show
   in San Francisco
-  Mobile  retail  applications, using  GPS,  and  mobile
   payment applications, built by Colony101 and
-  Mobile   entertainment  portals,   including   the
   Distractions mobile platform.
-  In the immediate term, RTS Networks and Colony  101
   have  identified a number of opportunities, based on  the
   cross-selling  of  existing  products  in  each   other's
   markets.  These  will  include  RTS  Networks's  Investor
   Framework  and XML Site Kit, and Colony 101's  ShareTime.
   All  products  identified have been  designed  to  enable
   multi-channel usage.

Colony101  COO,  Lennart Lummi,  observed:  'This  is  an
opportunity to boost our potential in an emerging market,
to  deliver scalable, business-ready solutions  ahead  of
the competition'.

RTS  Networks  Marketing Director,  David  Ward  Perkins,
said:  'We will be able to develop and test our solutions
with  innovative businesses in the Nordic Region and  the
UK.  That  will  give us a solid platform from  which  to
launch  products  to  the rest of  Europe  and  to  North
America.'

Colony101  CEO, Mikael Isaksson, said, 'The products  and
operations of the two companies are highly complementary,
and  the commercial benefits of cooperation evident  even
in the short term.'

RTS  Networks  Chairman, Bernard Fisher,  commented:  'We
believe  that  this  cross-selling agreement  will  bring
measurable  benefit by the end of the year, in  terms  of
revenues and profitability.  In addition, this commercial
agreement  will provide a solid basis on which to  launch
the Mobile Application Framework.'


For further information please contact:

RTS NetWorks Group                  + 44 (0) 207 749 5000
Bernard Fisher, Chairman
Shivaun Meehan, Communications Manager
www.rtse.com
www.colony101.com

Square Mile BSMG Worldwide          + 44 (0) 207 601 1000
Nick Oborne/Sally Lewis