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Well done Plusnet!

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Well done Plusnet!

PlusNet ("PlusNet" or the "Company"), the UK's best value internet service
provider, today announces its interim results for the six months to 30 June 2005
.

Financial highlights:

• Successful first year on market - value grown more than 152%

• Turnover increased 28% to £16.4m (2004: £12.8m)

• Operating profit up 60% to £2.2m (2004: £1.4m)

• Net cash inflow from operating activities up 20% to £3.1m (2004: £2.6m)

• Basic earnings per share up 76% to 5.79p per share (2004: 3.29p)

Operational highlights:

• Broadband user numbers up 68% to 113,084 (2004: 67,383)

• Updated products drive Broadband customer growth from 8,300 in Q1 to 14,959
in Q2 2005

• Launch of VoIP and WiFi services