Acquisition

Harrier Group PLC 10 January 2002 Acquisition of IKAN - Leads to New Channel Model for Harrier Harrier Group plc announced today that as part of the Company's strategic development it has purchased the fixed assets of IKAN plc, (including the name, Intellectual Property rights, contacts and business pipeline) from the receivers for a consideration of £100,000. In addition, Harrier Group will be retaining IKAN's seven employees. IKAN was established in 1999 as an Information Assurance consultancy practice and has continued to grow organically, developing its client base to include many household names. Until the acquisition of IKAN's assets by Harrier Group, all of IKAN's products and services had been sold direct to a corporate client base. Harrier Group intends to utilise IKAN as a vehicle to launch a two tier channel approach to the UK Market Place, providing Information Assurance Services, Managed Services and Training. This will enable Harrier Group to take advantage of a wider market thus increasing potential sales revenue. Harrier Group will continue to supply a complete range of information security and data management solutions to a corporate client base through the separate HarrierZeuros brand, purchasing, as applicable, products and services from IKAN. David Cheesman, CEO of Harrier Group plc comments, 'Information Assurance and service provision in this area is rising to the fore as more and more organisations realise the potential value of their most important asset - information. We welcome this opportunity to allow resellers that may not have the skills or resources to provide these services themselves, to utilise IKAN as way to increase their own revenues.'