Initial Public Offering of portfolio company

The directors of Net Investor PLC are pleased to report that a further investment in its portfolio is now a publicly traded company.

• techpacific.com is now listed on the Hong Kong Growth Enterprise Market and held its initial public offering on 17 April 2000.
• The investment is held within the Draper Fisher Jurvetson ePlanet Ventures fund, which invested as the lead investor in the second round of financing alongside Softbank and Dell Computers in March 2000.
• The shares were acquired at 41HK cents and stood at 60HK cents at close of Hong Kong business on 5 May 2000.
• Since Net Investor launched in February four portfolio companies have made initial public offerings.

Barbara Thomas, Executive Chairman of Net Investor, comments: "techpacific.com is the first Asian IPO within our portfolio. The company's brand awareness is high in its market, due to extensive press coverage and visible advertising efforts. Our holding provides Net Investor's shareholders with access to the rapidly developing Asian high-tech marketplace."