IMM Immupharma Plc

Acquisition of Timestrip, EGM and AGM FOR IMMEDIATE RELEASE 3 February 2005 INTERNET MUSIC & MEDIA PLC ("the Company" or "IMM") PROPOSED ACQUISITION OF TIMESTRIP PLACING CHANGE OF NAME EXTRAORDINARY GENERAL MEETING ANNUAL GENERAL MEETING The Company is pleased to announce that further to the announcement of 28 January 2005, the Circular comprising an Admission Document in respect of the Acquisition has been posted to shareholders. IMM has therefore requested that AIM restore the trading in the Company's existing Ordinary Shares with effect from today. The Admission Document contains a Notice of Extraordinary General Meeting which will be held at Finsgate, 5-7 Cranwood Street, London EC1V 9EE on 25 February 2005 at 11.00am for the purpose of voting on the following resolutions: Ordinary Resolutions: 1 to subdivide the Existing Ordinary Shares of 0.2p each into Ordinary Shares of 0.02p each; 2 to authorise the Directors to conclude the acquisition of Timestrip Limited and to approve the waiter of Rule 9 of the City Code in respect of the Acquisition; 3 to approve the B, C, D and Placing Warrants; and Special Resolution: 1 to change the Company's name to Timestrip plc. The Company has also posted a Notice of Annual General Meeting to shareholders, which will be held at Finsgate, 5-7 Cranwood Street, London EC1V 9EE on 25 February 2005 at 10.30 am. Copies of the Admission Document and Notice of Annual General Meeting are available, free of charge, from Internet Music & Media PLC, Finsgate, 5-7 Cranwood Street, London EC1V 9EE for one month from today. For further information: Leo Knifton, Chairman, Internet Music & Medic PLC 07887 877877 Paul Freedman, Joint CEO and founding Director, Timestrip 07786 391868 Stephen Oakes, Falcon Securities 07867 528108 Shane Dolan, Biddicks 07947 118383 Roland Cornish, Beaumont Cornish Limited 020 7628 3396 END

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