IMM Immupharma Plc

RNS Number:1215I
Internet Music & Media PLC
7 August 2001

                                                         For immediate release

                                                              7th August, 2001



                         Internet Music & Media plc

                    Take up of Open Offer of 17,366,479 Offer Shares

Following the closing of the Open Offer, announced on 13th July, 2001 at 3.00
p.m. on 6th August, 2001, valid applications and confirmations had been
received for 7,198,020 Offer Shares.

Under the Placing and Open Offer, the Directors, and certain members of the
Concert Party (as defined in the Prospectus dated 13th July, 2001), undertook
to subscribe for entitlements amounting to 7,112,590 Offer Shares.
Accordingly, when aggregated with applications received from other qualifying
shareholders, the take-up represents 41.4 per cent. of the Offer Shares.

The balance of 10,168,459 Offer Shares had previously been conditionally
placed with Nicholas Cowan, Ronnie Wood, Corvus Capital Inc, Brookspey
Limited, Peter Burrell, Robert Sangster and various clients of Insinger
Townsley.

The Open Offer remains conditional, inter alia, on the admission to AIM of the
Offer Shares, which is expected to take place on 13th August, 2001.


Enquiries:

John East & Partners Limited                                 020 7628 2200
David Worlidge/Simon Clements

Internet Music & Media plc                                   07747 695083
Nicholas Cowan

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