IMM Immupharma Plc

Result of EGM FOR IMMEDIATE RELEASE 25 February 2005 INTERNET MUSIC & MEDIA PLC ("the Company" or "IMM") TO BE RENAMED TIMESTRIP PLC ("Timestrip") RESULT OF ANNUAL GENERAL MEETING ("AGM") RESULT OF EXTRAORDINARY GENERAL MEETING ("EGM") The Company is pleased to announce that at the AGM held at 10.30am today, all resolutions have been passed. The Company is also pleased to announce that at the EGM held at 11.00am today, all resolutions have been passed as follows: Ordinary Resolutions: 1 to subdivide each Existing Ordinary Shares of 0.2p each into 10 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 ( on a poll); 3 to approve the B, C, D and Placing Warrants; and Special Resolution: 1 to change the Company's name to Timestrip plc. A total of 50,581,250 new Ordinary Shares of 0.02p each have been issued pursuant to the Placing to raise a total of �2,023,250 before expenses. The acquisition of Timestrip Limited has been completed. Admission is expected to become effective and trading in the total of 245,378,940 Ordinary Shares of 0.02p to commence on 28 February 2005. New share certificates will be sent out in respect of all shareholders. In accordance with the arrangements, Leo Knifton and Nigel Weller have stepped down as Directors of the Company and Stephen Oakes has been appointed Chairman. Paul Freedman and Reuben Isbitsky have been appointed joint Chief Executives and Spencer Leslie as Non-Executive Director. The name of the Company has been changed to Timestrip PL C. Stephen Oakes said "we are delighted with the acquisition of Timestrip and look forward to the development of the Company under the new management team of Paul Freedman and Reuben Isbitsky. We remain excited about the prospects for Timestrip and its development as an international brand". For further information: Stephen Oakes, Chairman 0207 251 3762 Paul Freedman, Joint CEO and founding Director, Timestrip 07786 391868 Falcon Securities 0207 375 1177 Shane Dolan, Biddicks 07947 118383 Roland Cornish, Beaumont Cornish Limited 020 7 628 3396 END

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