RNS Number:6105S
Internet Business Group
28 November 2003


Internet Business Group plc ("IBG" or the "Company") : Board Changes

Introduction

The Board of Directors of IBG (the "Board") are pleased to announce the
appointments of Paul John Sherratt to the position of Chief Sports Retail
Officer and Pierre-Jean De Villiers to the position of Chief Financial Officer.

Change of Directors

Paul John Sherratt

Mr. Sherratt, aged 33 years old, joins the Board from his previous role of
Marketing Director for Sweatband.com Limited. Mr. Sherratt is also currently a
director for The Educational Software Company Limited and Sweatband Limited,
wholly owned subsidiaries of IBG. Mr. Sherratt will replace Robert Porter-Smith
who is standing down from the position.

Before joining Sweatband.com Limited in June 2000 (acquired by IBG 18 October
2001), Mr. Sherratt spent six years at Sportline, the sole UK distributor for
Head NV, where, following several marketing management positions, he was
appointed the Divisional Manager of Distributed Products covering Rackets, Ski
and Footwear. Mr. Sherratt's previous directorships held over the past five
years are Sweatband Trade Centres Limited, Sweatband Publishing Limited and
Sweatband Group plc.

As at 27 November 2003, Mr. Sherratt has a shareholding of 303,129 ordinary
shares representing 0.48% of the total issued share capital of IBG, plus options
to acquire 630,835 ordinary shares, exercisable between 21 October 2001 and 21
October 2011 at 1.25p per share. These options were issued under the Executive
Share Option Scheme 2000.

Pierre-Jean De Villiers

Mr. De Villiers, aged 29 years old, joins the Board from his previous role
within the Company of Group Financial Controller, a position he has held since
April 2002. Mr. De Villier's is currently a director for Mazware Limited, a
wholly owned subsidiary of IBG and was previously a director of Seatech
Accounting Limited. Mr. De Villiers will also assume the position of Company
Secretary.

As at 27 November 2003, Mr. De Villiers has a shareholding of 200,000 ordinary
shares representing 0.32% of the total issued share capital of IBG, plus options
to acquire 50,000 ordinary shares, exercisable between 01 November 2001 and 01
November 2011 at 1.25p per share and 580,835 ordinary shares, exercisable
between 31 July 2003 and 31 July 2013 at 2.125p per share. These options were
issued under the Executive Share Option Scheme 2000.

The above changes shall be effective from 30 November 2003.

There are no further disclosures required under Schedule 2(f) of the AIM Rules.

New Board Structure

The Board will now be composed of:

Maziar Darvish             (Chairman and Chief Executive Officer)
Pierre-Jean De Villiers    (Chief Financial Officer)
Daniel James Chick         (Chief Technology Officer)
Paul John Sherratt         (Chief Sports Retail Officer)
Ricki Keith Bothamley      (Chief Operating Officer)

Maziar Darvish, Chief Executive Officer, commented:

"We are delighted to welcome Pierre-Jean and Paul to the Board. We believe the
changes represent a significant step forward in the stated desire for improved
operational efficiency, whilst also securing the services of two key individuals
at the highest company level."

Contact Details

Internet Business Group     020 7380 8530
Maziar Darvish              07974 919 017

Altium Capital Limited      0161 831 9133
Mike Fletcher




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