Webis Holdings PLC Editor

Appointment of Director

As announced on 25 June 2004, Mr James Mellon has been invited by the Board of betinternet.com plc (“betinternet” or “the Company”) to become a non-executive director of the Company. The Company was notified yesterday that the Isle of Man Gambling Control Commissioners have confirmed their approval of his appointment to the Board and accordingly, he joins the Board with immediate effect.

In addition to his directorship of the Company, Mr James Mellon, aged 47, is or has been a director of the following companies at any time in the past five years:

Current directorships

  • Asian Opportunity Fund 1998 – Series I
  • Asian Opportunity Fund 1998 – Series II
  • BFS Absolute Trust Limited
  • Bigsave Holdings plc
  • Bigsave Travel Ltd
  • Bigsave UK Limited
  • Burnbrae Ltd
  • Charlemagne Capital (IOM) Limited
  • Charlemagne Capital Limited
  • Charlemagne Capital Russia Fund
  • Charlemagne Capital Russia Value Fund
  • Discover Investment Company – Discover Asia
  • Discover Investment Company – Discover Europe
  • Extreme Opportunities Limited
  • Regent Markets Holdings Limited
  • Fixed-Odds Capital (Cook Islands) Ltd
  • Regent Markets Group Limited
  • iRegent Fund Management (Asia) Limited
  • Paymonthly.com (Hong Kong) Limited
  • Regent Fund Management Limited
  • Regent Pacific Group Limited
  • The New Korea Growth Fund
  • UAFC Limited
  • Undervalued Assets Property Fund – Series Two

Past directorships

  • Alphorn Management Limited
  • ARC Rainbow Fund
  • AstroEast.com (Hong Kong) Limited
  • AstroEast.com Limited
  • betinternet.com plc
  • Blue Tiger Investment Company Ltd (Dissolved 31 Jan 2000)
  • Capital Nominees Limited
  • Charlemagne Capital (Barbados) Limited
  • Cycletek Investments Ltd
  • Divine Limited (dissolved with effect from 28 Mar 2002)
  • Eastern Europe Money Market Fund Ltd (Liquidated and dissolved 27 April 2001)
  • Global Glory Investment Limited
  • Henderson Baillieu Limited
  • Interman Europe plc
  • Interman Holdings Limited
  • Interman (Hong Kong) Limited (Ceased business with effect from 31 Mar 2002)
  • KOL (Labuan) Limited
  • Koreainsure (Labuan) Limited
  • Koreaonline (Labuan) Limited
  • Koreaonline Limited
  • La Fayette Management Limited
  • Lastminute Limited
  • Lionheart plc
  • London Art.Co.UK Limited
  • Moores Investments Ltd
  • Nirvana Capital (BVI) Limited
  • Nirvana Capital Limited
  • OCCO Asia Fund
  • Philippines Long Term Equity Fund Limited
  • Red Tiger Investment Company Ltd (Dissolved 31 Jan 2000)
  • Regent Asset Management (Labuan) Limited
  • Regent CIS Fund Limited
  • Regent CIS Fund (Labuan) Limited
  • Regent Global Fund (Dissolved 31 Mar 2003)
  • Regent European Securities (Barbados) Ltd (Dissolved 10 Apr 2003)
  • Regent KITC Russian Debt Fund (Dissolved 30 Jun 1998)
  • Regent MIC Management Limited (Liquidated 18 May 2001)
  • Regent Pacific Fund (Voluntary Liquidation 8 Apr 2003)
  • Regent Pacific Group (Hong Kong) Limited
  • Regent Pacific Private Equity Limited (Dissolved 14 Jan 2003)
  • Regent Russian Debt Fund (Dissolved 23 May 2000)
  • Regent Undervalued Assets Africa Fund (Dissolved 22 April 2002)
  • Regent Ukraine Fund (Dissolved)
  • RL Country Warrant Fund
  • RPG (Bahamas) Limited
  • RPG (L) Ltd
  • South Asia Fund
  • Sri Lanka Fund
  • Taiwan Arbitrage Company (Dissolved 28 Jul 2000)
  • The Perfect Ending.com Limited (Company dissolved with effect from 28 Mar 2002)
  • Tomaso Pte Ltd (Company dissolved with effect from 3 Nov 2001)
  • The Golden Tiger Fund (Dissolved 31 Jan 2000)
  • The Moghul Fund
  • Undervalued Assets Fund – Series One (In liquidation 24 Jul 2003)
  • Undervalued Assets Greater China Fund – Series Three (Dissolved 28 Mar 2003)
  • White Tiger Investment Company Ltd (Dissolved 31 Jan 2000)

The following disclosures are being made under Schedule 2(f) of the AIM Rules:

Mr Mellon was a director of bigsave UK Ltd, at the time the company went into administration in October 2002. bigsave UK Ltd is a subsidiary of bigsave Holdings plc, and the administration is part of a current restructuring exercise to streamline the holding company.

Mr Mellon was a director of the companies listed below that were dissolved voluntarily, either at the time or within the 12 months preceding such events.

  • ARC Rainbow Fund
  • Regent Pacific CV Hedge Fund
  • RL Country Warrant Fund
  • Taiwan Arbitrage Company
  • Regent KITC Russian Debt Fund

The above 5 companies were all mutual investment funds and were dissolved by a shareholders voluntary liquidation or the equivalent under the jurisdiction of the country of incorporation. There were no unsatisfied creditors.

Mr Mellon was previously a director of Regent Global Fund that went into liquidation on November 2001 and Undervalued Assets Greater China Fund Series III that went into liquidation in December 2001. These companies were mutual investment funds and were placed into liquidation with the consent of shareholders as the Directors recommended that due to a decline in the size of the funds, they were uneconomic. There were no unsatisfied creditors.

An arrest warrant was issued in South Korea against Mr Mellon in December 2000 and remains outstanding. The warrant was issued following malicious allegations made by a former business partner of KoreaOnline Limited and Mr Mellon believes there is no substance to these allegations. The Korean authorities and Mr Mellon’s Korean counsel have been unable to discover any evidence, either written or otherwise, in support of the allegations. However, the arrest warrant still stands because of Korean legal practice.

There are no further disclosures to be made under Schedule 2(f) of the AIM Rules.