Statement re speculation

Sareum Holdings PLC
04 March 2005

Sareum Holdings plc ('Sareum' or the 'Company')

Statement regarding speculation

The Board of Sareum notes recent speculation and confirms that it is in
discussions with a party that may or may not lead to an offer being made for the
Company.

A further announcement will be made when appropriate.

Enquiries:

Philip Secrett        0870 991 2578
Colin Aaronson        0870 991 2942

Grant Thornton Corporate Finance




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