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Viking Internet PLC (PAF)

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Friday 16 February, 2001

Viking Internet PLC

Offer Talks Terminated

Viking Internet PLC
16 February 2001

                             VIKING INTERNET PLC

                                 News Release

                            For immediate release

On 28 December 2000 Viking Internet PLC (Viking) announced that it had entered
into an agreement with Drax Holding AB (Drax) under which Viking was to sell
to Drax materially the whole of its assets for a consideration of £2,500,000
to be settled by the allotment to Viking of 70,532,000 Drax ordinary shares.
On 12 January 2001 Viking announced that this agreement had not yet been
completed, and the chairman of Viking, Erik Wachtmeister, would meet Drax to
obtain clarification of the position.

Following discussions as to a revision of the terms of the agreement, it has
not been possible to conclude this agreement and discussions between the
companies have been terminated.

16 February 2001