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QXL Ricardo PLC (TRAD)

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Thursday 09 June, 2005

QXL Ricardo PLC

Stmnt re Share Price Movement

QXL Ricardo PLC
09 June 2005


9th June 2005


                        QXL ricardo plc ('the Company')

The Company has noticed the recent rise in its share price.  As announced at the
time of the final results on 6 May 2005, the Directors believe that the
prospects for the business are encouraging and this was reinforced by the
announcement concerning the Polish litigation made on 7 June 2005.  However the
Directors are not aware of any additional information or reason for this most
recent price increase but believe that it has arisen due to technical market
issues not related to the operations of the Company.


Robert Dighero - 020 7 384 6306


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