Disposal

Netcentric Systems PLC
26 October 2001

Netcentric Systems PLC

26 October 2001


NETCENTRIC SYSTEMS PLC ('the Company')


DISPOSAL OF INVESTMENT PROPERTY


Netcentric Systems PLC announces it has exchanged contracts for the sale of
The Milestone, Peel Road, Douglas, Isle of Man for a gross cash consideration
of £1.815m. The Milestone is a retail complex, producing a rental of
approximately £160,000 per annum.


The net proceeds of the disposal, after estimated professional costs,
commissions, and the repaying of the mortgage are expected to be £400,000.


This sale is in accordance with Company's previously stated objectives as
announced on 27 June 2000 to undertake a programme of property disposals
within a year of admission to AIM.



Contact:

Allan Piper

Blackstone Business Communications                020 7251 2544

Stephen A Komlosy

Netcentric Systems Plc                          020 7881 0800



END