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PremiSys Group PLC (ASE)

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Friday 20 October, 2000

PremiSys Group PLC

Stmnt re Share Price Movement

PremiSys Group PLC
20 October 2000



PremiSys Group PLC ('PremiSys' or 'the Company')


PremiSys notes the recent movement in its share price and the rumours
concerning the Company posted on the Internet. The Company refers investors to
the announcement made by the Company on 21 August 2000 which stated that 'the
Company is in discussions with a range of major groups within the property
industry with a view to them becoming investors in PremiSys and committing
their construction procurement and other related service requirements to the
E-commerce site which PremiSys is developing.'

The Company has nothing further to add at this time and reiterates its
commitment to inform shareholders when appropriate.