Portfolio Company Devlpmts

Interregnum PLC 21 June 2004 21st June 2004 PRESS RELEASE INTERREGNUM PLC Portfolio company developments Interregnum plc, the technology merchant bank, today announces significant developments for one of its portfolio companies. Metapraxis, the consultancy and software group, has signed a multi-year licensing agreement with PricewaterhouseCoopers in the UK and US for its risk management software to support PwC's new Performance Risk Management ('PRM') advisory service. The new PRM service will assist corporations to improve the quality and adequacy of management reporting, especially in the area of identifying risks that could impact their short and long-term performance. The service will use powerful visualisation and analytical techniques available via the risk management software licensed from Metapraxis. The licensing agreement will generate significant undisclosed revenues for Metapraxis from PwC during the next twelve months and also has the potential to expand the Metapraxis client base significantly via subsequent third party licensing from PwC's advisory clients in the US and UK. Interregnum's equity stake in Metapraxis represents 15.5% per cent. - Ends - For more information: Interregnum 020 7494 3080 Ken Olisa, Chairman & CEO Merlin PR Paul Downes 020 7653 6620 Rebecca Penney 07795 108178 Notes to Editor 1. Interregnum plc (www.interregnum.com), the technology merchant bank, invests and takes principal finance positions in technology companies and advises major IT and non-IT corporates, government, technology entrepreneurs, advisors and investors on issues such as corporate finance, IP exploitation and commercial due diligence. The company has over 200 man-years of experience in the technology and corporate finance sectors, which are embodied in proprietary methodologies, such as the Four Pillars of Value(c) and IP Advantage(c). 2. Metapraxis Limited (www.metapraxis.com) is a consultancy and software group specialising in Business Performance Visualisation. The company has developed a reputation for providing rapid pragmatic solutions that let managers assimilate business performance very clearly and assess future forecasts objectively. Metapraxis has developed techniques call Predictive Performance Visualisation to diagnose likely outcomes in a graphically intuitive format. The firm has conducted over 200 client assignments since the launch of the company in 1984. Case studies and further details on the company are available on its website. This information is provided by RNS The company news service from the London Stock Exchange