RNS Number:0307R
IBNet PLC
17 October 2003


PRESS RELEASE                                                    17 October 2003


                            Result of EGM meeting

                     Change of name to Deal Group Media plc


IBNet plc, the search engine marketing and internet intelligence company,
announces that, at the Extraordinary General Meeting held earlier today, the
resolutions set out in its Circular to shareholders dated 24 September 2003 were
duly passed.

The resolutions included the approval of the proposed acquisition of The Deal
Group Limited, a provider of performance based on-line advertising focusing on
maximising the return on clients' advertising spend, and the Company's change of
name to Deal Group Media plc.

The Company will be admitted to the Alternative Investment Market under the new
name on Monday 20 October 2003.  The issued share capital on admission is
expected to be 350,358,086 Ordinary Shares of which 51,319,648 Ordinary Shares
relate to #1.75 million raised at 3.41p per share.

The proposed Board changes will also become effective on Monday 20 October 2003.
Adrian Moss has been appointed Chief Executive Officer, and Keith Lassman and
Dominic Trigg have been appointed Non Executive Directors.  Toby Smallpeice has
stepped down as Chief Executive Officer to become Business Development Director
and Craig Lister, Richard Saul and Michael Bull have all resigned from the
Board.

Adrian Moss of Deal Group Media plc, said:  "Recent league tables show that the
reverse acquisition will make Deal Group Media plc the UK's largest online
marketing group.  There have been significant developments in the industry last
month, and as expected the market is consolidating.

"The Deal Group Limited is one of the few profitable companies in the sector and
since the year ended 31 May 2003, it has broken internal records in a number of
business areas with third quarter top line revenues up six per cent on the
previous quarter.  Our immediate aim is to integrate the businesses and maximise
the value of IBNet products including internet intelligence software, Netdetec,
by applying Deal Group Limited's proven business model which focuses on
delivering return on investment to our clients."


For further information, please contact:

Enquiries:

Deal Group Media plc
Adrian Moss                                                + 44 (0) 20 7691 1880
adrian@dealgroupmedia.com                                 www.dealgroupmedia.com

Toby Smallpeice                                            + 44 (0) 20 8987 6700
tobys@webgravity.co.uk

KBC Peel Hunt Ltd                                        
Capel Irwin / Megan MacIntyre                              + 44 (0) 20 7418 8900
capel.irwin@kbcpeelhunt.com                                  www.kbcpeelhunt.com

Media enquiries:

Bankside Consultants Limited                           Tel: +44 (0) 20 7444 4140
                                                              or:  07785 922 354
Ariane Vacher / Julian Bosdet
ariane.vacher@bankside.com                                    www.bankside.com


                                    - Ends -


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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