Assignment of Loan

Ninth Floor (The) PLC 5 November 2001 The Ninth Floor plc ('The Ninth Floor' or 'the Company') Assignment of Swansea City Football Club loan The Company announces that is has assigned its outstanding loan of £801,098 due from Swansea City Football Club to a Mr Melnurse. This loan formed part of the original arrangements entered into by the Company on the disposal of Swansea City Football Club plc in July 2001 and was fully provided for in the preliminary results for the year ended 31 May 2001. Enquiries: Alan Wix, Chairman and Chief Executive 0207 643 5300 The Ninth Floor plc