Corporate Action-Replacement

Internet Music & Media PLC 13 August 2001 CAPITAL REORGANISATION SECURITY TITLE *Ord Shs MNEMONIC CODE *IMM SEDOL CODE *852-836 TERMS *The Company is proposing to subdivide and redesignate the Existing Shares into one New Ordinary Share of 1p and one Deferred Share of 24p PROVISIONAL EFFECTIVE DATE *15-08-01 NOTES * Amendment to effective date. This replaces the previous Corporate Action announcement (RNS. 3858I) released 13-08-01 at 07:51. All other details remain unchanged. The effective date for the Capital Reorganisation is subject to approval at the EGM.