Initial Public Offering of portfolio company

The directors of Net Investor PLC are pleased to report that a second investment in its portfolio is now a publicly traded company. Since the fund launched in February two companies have made initial public offerings and three further filings have been made for initial public offering, two in the USA and one in Hong Kong.

• Opus 360 held its initial public offering on Friday, April 7, 2000 (NASDAQ:OPUS).
• Opus 360 was held within the Wit VC Fund I LP portfolio.
• The £100 million initial capital (£97 million net of expenses) raised in February is fully committed to 12 US venture capital funds, of which approximately $25 million has been invested in companies to date . As a result Net Investor shareholders have enviable exposure to a breadth of emerging companies within the global IT sector.

Net Investor's Executive Chairman, Hon. Barbara Thomas, commented: "We are investing in the picks and shovels in the information technology goldrush. Our funds are invested in the next generation of information technology, alongside money from companies like AOL, e-Bay, Cisco and Microsoft. We have a good spread of investment in early, expansion, late and pre-IPO companies around the world. This allows us to shrug off short term market volatility and seek long term capital growth for our shareholders."