RNS Number:5473T
Names.co Internet PLC
22 December 2003


This announcement replaces the Names.co Internet PLC 'Directors Dealings'
announcment released on the RNS system under RNS number 5355T at 10.26 on 22
December 2003.

All of the percentages of share capital holding have been amended.
In bullet 2 Leham Holdings Limited has been named as the unconnected third
party.
In bullets 5 and 6 the name Thornaby Limited has now been called Thornaby.

The full amended text appears below.


For Immediate Release                                        22 December 2003


                             NAMES.CO INTERNET PLC

           DIRECTORS' DEALINGS AND SUBSTANTIAL SHAREHOLDERS INTERESTS

Names.Co Internet PLC ("the Company") announces that on Friday 19 December 2003,
it received notification, following the Company's announcement earlier that day,
relating to the proposed disposal, acquisition and fund raising (the "
Announcement"), of the following dealings by directors and others in ordinary
shares of 0.1p each in the capital of the Company ("Shares") all of which took
place on that day, following the Announcement:

1    Thornaby Limited ("Thornaby") has disposed of a total of 43,707,575 Shares, 
     reducing its holding of Shares from 62,258,582 (51.55% of the issued
     Shares) to 18,551,007 (15.36%);

2    Thornaby has also assigned to Leham Holdings Limited, an unconnected third 
     party, the benefit of a loan from the Company of #246,000, which is
     convertible into 24,600,000 Shares;

3    The Beausoleil Settlement has acquired from Thornaby 14,657,575 Shares 
     (12.14%), which are to be registered in the name of Merlin Group Securities 
     Limited ("Merlin");

4    Merlin is now the holder of a total of 23,057,575 Shares (19.09%),
     including the holding for the Beausoleil Settlement referred to in 
     paragraph 3 above;

5    Baden Gowrie-Smith, a director of the Company, was gifted 1,000,000 Shares 
     by Thornaby, to be registered in his own name. In addition Mr Gowrie-Smith 
     is a beneficiary of the Ian Roderick Gowrie-Smith Family Settlement, of 
     which Thornaby is a wholly owned subsidiary company. Accordingly
     Mr Gowrie-Smith is, or is deemed to be, interested in a total of 19,551,007
     Shares (16.19%);

6    Ocarina Investments Limited ("Ocarina") acquired from Thornaby 10,000,000 
     Shares at a price of 1p per share, taking its holding from 3,000,000
     Shares to 13,000,000 Shares (10.76%).

7    The Shares in which David Lees, a director of the Company, is deemed to be 
     interested, has increased from 4,250,000 (3.52%) to 14,250,000 (11.80%) as
     a result of the increase in Ocarina's holding. The shares in Ocarina are 
     wholly owned by the David Lees Family Settlement, of which Mr Lees is a 
     beneficiary. The remainder of Mr Lees holding of 1,250,000 Shares are held 
     jointly by him and his wife.

In addition, following the Announcement, the Company has granted options under
the Company's Unapproved Share Option Plan over 2,000,000 and 4,800,000 ordinary
shares of 0.1p each to David Lees and Geoff Walsh, both directors of the
Company, respectively, conditional upon completion of the proposals described in
the Announcement. These options will be exercisable at a price of 3p per share
during the period from 19 December 2006 to 18 December 2013.  In addition, Bill
Howell, a proposed director of the Company, was also granted options over
4,000,000 ordinary shares of 0.1p each on identical terms and conditions.



For further information:


David Worlidge                                            020 7628 2200
John East & Partners


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