Agreement with BT Ignite

Auxinet PLC 15 August 2001 Auxinet Plc sign agreement with BT Ignite Auxinet Plc, the payment solutions specialist, and BT Ignite, BT's international broadband and solutions business, have today signed an agreement enabling BT Ignite to refer its customers to Auxinet's Platima product as its recommended B2B ePayments solution. This provides buyers and sellers on the Internet with a product that enables electronic invoicing and payment processes between companies. Platima is a fully automated, Internet Protocol (IP) based account management and payment system. It facilitates secure e-trading between businesses by means of structured 'Buyer' and 'Seller' accounts. A key benefit is that the system is bank independent, meaning buyers and sellers can each maintain their existing banking relationships and don't have to transfer loyalty in order to utilise the system. Monetary value is transferred by direct debit or direct credit between the buyers' and sellers' bank accounts. Norman Bishop, Head of Payment Services for BT Ignite, said: 'According to IDC, 38 per cent of European businesses already use the Internet to buy goods and services, and another 36 per cent expect to start incorporating online purchasing into their operations next year. We believe Platima is the first in this marketplace with this type of service, and we anticipate strong demand. We are delighted to have reached this agreement with Auxinet and to add their unique solution to our portfolio of payment services.' Marc Wood, Auxinet Group Chief Executive, said: 'Auxinet monitors the marketplace and can see more and more businesses becoming aware of the need for online payment initiatives. We believe that these companies will turn to market leaders such as BT Ignite for guidance. This agreement is a great endorsement of Platima as the best business-to-business solution of its kind in the market.' About Auxinet Auxinet has two main product offerings, Platima and DataCash. The Platima service is the first e-commerce non-bank payment system designed and built for the B2B market. The Platima- B2B proposition enables a payment system to be customised for the requirements of individual business models, markets, countries and customers. The B2B market has completely different requirements and expectations from a payment system. Auxinet's product DataCash is targeted at the B2C market. This solution takes the effort out of e-commerce, making it easier to add transactional capabilities to any website by whatever the server platform, shopping cart system or front end device - Internet, WAP, e-Call Centres, Kiosk and Digital TV. For further information www.auxinet.com Auxinet Plc was listed on AIM in March 2000, and specialises in e-commerce payment solutions. About BT Ignite BT Ignite - BT's international broadband and solutions business - provides a complete communications portfolio to business and wholesale customers in all major cities throughout the world.* BT Ignite delivers the entire IP value chain - from e-commerce consultancy and solutions through to core networks and Internet connectivity with a unique blend of content hosting, application service provision, systems integration and outsourcing capabilities. BT Ignite has already established a leadership position in terms of traditional measures of route kilometres, number of hosting centres, local sales and service support teams and depth of country coverage. In Europe, BT Ignite now has significantly more reach than the nearest competitor and delivers its portfolio in over 250 towns and cities across Europe, and to all the world's commercial centres through BT's partners, alliance members and subsidiaries. * In conjunction with Concert and other partners where required.