IBG Internet Bus.

RNS Number:6012L
Internet Business Group
11 January 2008

11 January 2008



              Internet Business Group Plc ("IBG" or the "Company")


                     Update on Recommended TMN Acquisition


Subsequent to the issue of the Scheme Document on 20 December 2007 to IBG
shareholders relating to the recommended proposal for TMN Group Plc ("TMN") to
acquire the entire issued and to be issued share capital of IBG by way of a
share-for-share exchange, to be effected by means of a scheme of arrangement
(the "Scheme") under section 425 of the Companies Act 1985 (involving a
reduction of capital pursuant to section 135 of the Companies Act 1985) (the
"Acquisition"), TMN issued an announcement on 7 January 2008 ("TAPPS
Announcement") that, pursuant to the terms of a share purchase agreement (the
"TAPPS Share Purchase Agreement"), it had agreed to acquire the entire issued
and to be issued share capital of TAPPS B.V., a digital direct marketing company
in The Netherlands (the "TAPPS Acquisition").

IBG has posted a document to IBG shareholders which includes a copy of the TAPPS
Announcement and a summary of the material terms of the TAPPS Share Purchase
Agreement. The document states that the IBG Directors believe that the TAPPS
Acquisition should not have a material bearing on the Acquisition or the Scheme
and, therefore, the IBG Directors, who have been so advised by Strand Partners,
remain of the view that the terms of the Acquisition are fair and reasonable and
also continue to endorse their recommendation contained in the Scheme Document.
In providing its advice to the IBG Directors, Strand Partners has taken into
account the commercial assessments of the IBG Directors.


The definitions used or referred to in the Scheme Document apply in this
announcement, unless the context otherwise requires.



Enquiries:


Internet Business Group Plc
Maziar Darvish, Chairman
020 7927 8102

Strand Partners Limited
James Harris / Braden Saunders
020 7409 3494

St Helen's Capital Limited
Ruari McGirr
020 7628 5582

Tavistock Communications Limited
Matt Ridsdale
020 7920 3150


Strand Partners, which is authorised and regulated in the United Kingdom by the
FSA, is acting exclusively for IBG and no one else in connection with the
Acquisition and the Scheme and will not be responsible to anyone other than IBG
for providing the protections afforded to clients of Strand Partners nor for
giving advice in relation to the Acquisition and the Scheme or any other matter
or arrangement referred to in this announcement.




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

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