Stmnt re Share Price Movement

Netcentric Systems PLC
24 July 2001

NETCENTRIC SYSTEMS PLC

24 July 2001

NETCENTRIC SYSTEMS plc (the 'company')

At the time of the announcement of the Company's interim results on 29 June
2001 the Company stated that, in addition to raising sufficient working
capital through trading operations and the sale of the group's investment
properties, the Company was planning additional funding through a placing and
open offer, or by other appropriate means.  This process is continuing with
the assistance of the Company's financial advisers and a further announcement
will be issued once the Company's future funding strategy is finalised.

Contacts:
Jane Garrett, Chief Executive
Netcentric Systems PLC                                 01223 839800

Russell Cook
Teather & Greenwood Limited                           020 7426 9000


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