Holding(s) in Company

IBNet PLC
2 October 2002



IBNET PLC ('the Company') 

HOLDING IN COMPANY

The Company today received notification from Deutsche Bank AG London, dated 
27 September 2002, that Deutsche Bank AG and its subsidiary companies have a 
notifiable interest in 3,115,000 ordinary shares of 1p each in the Company, 
representing approximately 4.15% of the Company's issued ordinary shares.

For further information, please contact:

IBNet plc
David Haynes, Chairman, Tel: [phone]
Toby Smallpeice, Chief Executive, Tel: [phone]


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