IBNet PLC
7 January 2002
CAPITAL REORGANISATION
SECURITY TITLE
*Ord Shs
MNEMONIC CODE *IBN
SEDOL CODE *218-085
TERMS *Each Ordinary Share of 25p will be Subdivided into one
ordinary share of 1p and one deferred share of 24p.
PROVISIONAL EFFECTIVE DATE *08-01-02
NOTES * The effective date for the Capital Reorganisation is subject to approval
at the EGM.