Result of EGM, etc.

Web-Angel PLC
8 June 2000


ACQUISITION OF WEB ANGEL, CHANGE OF NAME, CANCELLATION OF
LISTING AND TRANSFER TO AIM

The  Board  of  web-angel plc (the 'Company', formerly  United  Energy
plc)  announces that, at an Extraordinary General Meeting  ('EGM')  of
the  Company held yesterday, shareholders approved the acquisition  of
web-angel and related proposals which were the subject of a  circular
issued by the Company on 15 May 2000.

As  a result, the listing of the Company's shares on the Official List
of  the  London Stock Exchange has been cancelled and the shares  have
been  admitted to the Alternative Investment Market with  effect  from
8.00 a.m. today,

web-angel is an e-business accelerator that advises  and  resources
developing  e-commerce companies.  Principally, web-angel provides
advisory and consultancy services to developing e-commerce businesses
in the UK and Europe.

Following  shareholders' approval at the EGM,  John  Billington,  Tony
Hoskinson and Derek Howard-Orchard have resigned as directors  of  the
Company.  The  current directors of the Company are Penny Hughes,
Chairman, Chris  Eyles, Chief  Executive,  Nick  Tamblyn,  Finance
Director and Company Secretary, Paul Jessiman, non-executive director,
Peter Jungen, non-executive director, Geoff  Mott, non-executive
director,  Chris Outram, non-executive director and  Christopher
Stainforth, non-executive director.

Enquiries:
          web-angel
          Chris Eyles       Tel: [phone]
          Nick Tamblyn      Tel: [phone]

          Ernst & Young
          John Stephan      Tel: [phone]

          Bell Pottinger Financial
          David Rydell      Tel: [phone]


Notes to editors:

Penny Hughes, aged 40, Chairman

Penny Hughes was formerly president for the UK and Ireland division
of  the Coca-Cola Company. She now holds a number of directorships of
companies  which include companies listed on the London Stock Exchange.      
She is currently a non-executive director of Berisford  plc,
Body Shop International plc, Skandinaviska Enskilda Banken AB,
Trinity Mirror plc and Vodafone Airtouch plc.

Chris Eyles, aged 38, Chief Executive

Chris Eyles is a graduate of Cambridge University and also holds an
MBA.  He  trained with McKinsey & Co and LEK Partnership and in 1996
moved to South Africa when he formed his own company, Nexus Strategic
Consultants and Associates, which worked in association with Bain & Co.        
to develop their business in South Africa. In recent years  Chris Eyles        
has been involved in advising major commercial organisations in
South Africa on technology and e-commerce projects.

Nick Tamblyn, aged 42, Finance Director and Company Secretary

Nick  Tamblyn qualified as a chartered accountant as well as passing
his Institute of Taxation exams with KPMG in Birmingham, following
which he worked in Hong Kong for three years for the firm before
returning to the UK and being appointed a partner specialising in
audit and corporate finance. He joined United Energy plc in 1992 and
was formerly its Chief Executive and Finance Director. He has entered
into a revised service contract with the Company as Finance Director
and Company Secretary.

Paul Jessiman, aged 32, Non-Executive

Paul Jessiman, a graduate in commerce and law, qualified as  a
solicitor in the United Kingdom, and worked at Clifford Chance in
London and later in Hong Kong on a range of corporate finance
transactions.  He is currently the chief executive officer of the
Brait Technology and Innovation Fund 1, a South African fund launched
in 1999, and a director of Brait Capital Partners Limited. He has
accumulated substantial experience as a technology investor and has
been engaged in sourcing, negotiating, executing, overseeing and
exiting technology investments at Brait.

Peter Jungen, aged 60, Non-Executive

Peter Jungen is an entrepreneur and is the founder and chairman of
Peter Jungen Holding GmbH, an investment company with interests  in
various industrial and service businesses. He holds an MBA from
University of Cologne, Germany. After graduation he joined a large
German private group. He spent 20 years as managing director, and
later on as chief executive of STRABAG, one of the largest German
civil engineering groups. After a successful turnaround of this
company he started to set up his own entrepreneurial activities in
1991.  He is a member of several boards and advisory councils of large
German financial institutions. He is President of Business Angels
Netzwerk Deutschland and Vice President of European Business Angels
Network.  He is also a board member of the New York Philharmonic
Orchestra.

Geoff Mott, aged 47, Non-Executive

Geoff Mott is managing partner of The McKenna Group, which is known
in the USA as an e-business strategy consulting firm and adviser to
start-up and young internet businesses, in which it frequently takes
equity stakes.  He has been actively involved in The McKenna Group's
decisions concerning the selection of clients in which The McKenna
Group has taken equity positions as part of its arrangements with
those clients, and thus in the building of a portfolio of investments
in technology and internet businesses, at stages ranging from start-up        
to pre-flotation.

Chris Outram, aged 51, Non-Executive

Chris Outram is Chairman of OC&C. He has 20 years' experience of
advising clients on their long-term strategies, investment  and
mergers and acquisitions, gained with Boston Consulting Group, Booz
Allen and Hamilton and OC&C. He holds an MBA with distinction from
INSEAD.  More recently he has been advising US and European businesses
on e-business strategies.

Christopher Stainforth, aged 46, Non-Executive

Christopher Stainforth is a director of Ermgassen & Co and a
chartered accountant having qualified with KPMG in 1975. He moved into
corporate finance in 1980 when he joined Schroders before moving to
Phillips & Drew (latterly UBS Phillips & Drew) where he was Deputy
Managing Director of Corporate Finance. Christopher Stainforth was
with Guinness Mahon Henderson Crosthwaite until early 1999 where he
was Joint Managing Director from where he joined Ermgassen & Co in
May 1999.  He has over 25 years of experience of advising businesses
ranging from FTSE 100 companies to early stage companies on all
aspects of corporate finance and fundraising.