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PremiSys Tech. PLC (ASE)

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Thursday 15 March, 2001

PremiSys Tech. PLC

New Shareholders in Asite

PremiSys Technologies PLC
15 March 2001

                         ITS ASITE CONSTRUCTION PORTAL

PremiSys Technologies plc (AIM: PSS) 'PremiSys', today announces that a number
of  major  construction industry players are to become shareholders in  Asite,
the online construction portal and subsidiary of Premisys.
These new shareholders include:

               British Land
               Legal and General
               Morley Fund Management
               St Modwen
               Tishman Speyer

Asite  has  been  developed over the past 12 months  by  Stanhope  plc,  Rotch
Property Group and PremiSys, with the objective of it becoming the leading
pan-European business-to-business construction portal. Today's announcement
follows that made on 24 October last year, when the site was launched with the
participation of a number of high profile technology partners, including
Microsoft and Commerce One.

Asite's prospective new partners are responsible for a significant portion of
all commercial property development in the UK today. Their aggregate spend on
new build construction each year amounts to more than £5 billion.

Walter Goldsmith, Chairman of PremiSys, commenting on the announcement said,
'We are delighted to announce that so many prestigious industry players are
becoming shareholders in Asite. They will provide Asite with the opportunity
to become the leading portal in the construction industry. It is a major step
forward for the Group.'  He continued, 'Asite will operate a profitable,
subscription-based revenue model'.

For further information contact:

PremiSys Technologies
Walter Goldsmith, Chairman                               Tel:  020 7968 0570

Gavin Anderson & Company
Neil Garnett / Rebecca Penney                            Tel:  020 7457 2345

Notes to Editors

The Construction Market

The Construction Industry in Europe accounts for approximately 10% of European
GDP  (£540  billion)  and  employs over eight million  people.  Five  European
countries,  Germany, France, Italy, Spain and the UK account for 73%  of  this
market, with the UK alone accounting for at least £62 billion.
PremiSys Technologies plc

PremiSys  Technologies  plc, formerly Premisys Group plc,  is  an  AIM  listed
property  services and investment group. Over the last 12 months  the  company
has  been  undergoing  significant change in  strategic  direction,  with  the
objective  of building a core of technology-focused businesses. As a  part  of
that  strategy,  PremiSys  has  been  developing  its  Asite  subsidiary.  The
objective  is  for  this site to become the leading pan-European  business-to-
business construction portal.


The  Asite  construction  portal has been developed by PremiSys  Technologies,
with the active participation of Stanhope plc, Rotch Property Group and Aurora
Investments  (the  private investment vehicle for partners in  KKR)  and  with
technology  partners,  Microsoft,  Commerce  One,  Dynamis  Solutions,  Intel,
Compaq,  Attenda, Glue and Aspect Internet. The portal was launched in October

It  is  intended that this business-to-business site will become  the  central
information  hub  for the entire construction community,  from  architects  to
material  manufacturers  and from trade contractors  to  facilities  managers.
Using  a  unique  toolkit,  Asite  plans  to  unlock  value  by  co-ordinating
information about multiple projects, analysing and allocating that information
to  one  of  seven  marketplaces where buyers and  sellers  can  be  optimally
matched.   It  will  also  enable companies to introduce  greater  operational
efficiencies and to standardise systems.