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Ultima Networks PLC (UTN)

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Tuesday 13 November, 2001

Ultima Networks PLC

Result of Meetings

Ultima Networks PLC
13 November 2001

    Ultima Networks plc - Proposed Company Voluntary Arrangement

The Directors are pleased to announce that the Proposed Company Voluntary 
Arrangement ('CVA') for Ultima Networks plc ('Ultima') as notified to 
shareholders in the circular dated 23 October 2001 was approved at an 
extraordinary general meeting of the members and at a separate meeting of the 
creditors of the company on 9 November 2001.

On the same day at separate meetings of their respective creditors and members 
CVAs were approved for the following subsidiaries of Ultima - UTN Solutions 
(North) Limited, Integrated Publishing Systems Limited and Cognito Software 
Limited.  The meeting of creditors of UTN Solutions (South) plc was adjourned 
for four days pending further discussions between the Nominee and the company's