Result of Equity Issue

Ninth Floor (The) PLC 6 June 2001 The Ninth Floor plc ('The Ninth Floor' or 'the Company') Result of Open Offer and Directors' Shareholdings The Company is pleased to announce the results of the recent Open Offer of 24,693,809 Open Offer Shares at 4p. The Company received applications for 16,500,476 Open Offer Shares, which represents a take up under the Open Offer of 66.82 per cent. The remaining 8,193,333 Open Offer Shares have been placed with clients of Seymour Pierce Ellis. In total, the Open Offer has raised £987,752 (net of expenses) for The Ninth Floor to fund the acquisition of Applied Infrastructure Management Services Limited. The enlarged share capital was admitted to trading on AIM today. Following the Open Offer and Acquisition, the Directors' shareholdings are as follows: Director No. shares Percentage of issued share capital Alan Wix 4,810,000 4.712% Neil McClure 1,650,000 1.616% Andrew Mills 37,500 0.037% Andrew Bromley 1,034,851 1.014% Carol Booth 3,500 0.003% Mike Creedon 44,047 0.043% Mark Rothwell-Brooks 4,760,000 4.663% Enquiries: Neil McClure/Mike Creedon The Ninth Floor plc 020 7643 5300 James Bendall Fleet Financial 020 7601 1066 John Depasquale/Jeremy Porter Seymour Pierce Limited 020 7648 8700