RNS Number:9796K
Alternative Investment Market
22 May 2000

The following amendment has been made to the 'Prospective AIM Admission'
announcement released today at 11:11 under RNS NO 9606k.

The number of shares to be admitted is 129,639,650 and not 129,639,610 as
originally shown.

All other details are unchanged.

The full corrected version is shown below.

COMPANY NAME:  United Energy plc

COUNTRY OF INCORPORATION:  England & Wales

COMPANY BUSINESS:  The company is currently a cash company, but is proposing
to acquire web-angel, an e-business accelerator.  Completion of the
Acquisition and Admission are inter-conditional.

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where know, number of shares,
nominal value and issue price):  129,639,650 1p ordinary shares.

CAPITAL TO BE RAISED ON ADMISSION:  None.

FULL NAMES AND FUNCTIONS OF DIRECTORS, INCLUDING SHADOW AND PROPOSED
DIRECTORS:  

John Frederick Billington (Non-Executive Chairman)
Nicholas John Tamblyn (Chief Executive and Finance Director)
Derek Howard-Orchard (Non-Executive Director)
John Anthony Hoskinson (Non-Executive Director)

It is intended that John Billington, Derek Howard-Orchard and Anthony
Hoskinson will resign from the Board on completion of the Proposals and
immediately prior to Admission to AIM.  Nicholas Tamblyn will become the
Finance Director of the Enlarged Group.

Penelope Lesley Hughes (Chairman)
Christopher David Eyles (Chief Executive)
Paul Jessiman (Non-Executive Director)
Peter Jungen (Non-Executive Director)
Geoffrey Philip Mott (Non-Executive Director)
Christopher David Outram (Non-Executive Director)
Christopher Graham Stainforth (Non-Executive Director)

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUE SHARE CAPITAL:  

Name       Number of existing Ordinary Shares at 12 May 2000       Percentage
of issued ordinary share capital at 12 May 2000       Number of subdivided
shares following Admission
       Percentage of issued ordinary share capital following Admission
Haut Terre
Investments Ltd
       8,329,158       21.42       8,329,158       6.42
The Ermgassen Trust
       -       -       7,259,820       5.60
The Ziwagi Trust
       -       -       5,323,868       4.11
The Ermgassen & Co Limited Employee Benefit Trust
       -       -       16,455,592       12.69
OC&C Strategy Consultants Limited Partnership
       -       -       29,039,282       22.40
Brait International Limited       -       -       29,039,282       22.40

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH RULE
16.8(f):  

R. Goldich, of 4 Markham Court, Corrigan Close, London, NW4 1TF, is a
Consultant to web-angel Services Limited.  In the 12 months preceding the
company's application to trading on AIM he is entitled to receive the
following fees totalling #10,000 or more.

Under the terms of an agreement dated 19 April 2000 between Web-Angel Services
Limited, Mr Goldich is entitled to receive an annual fee of #25,000 plus VAT
and is further entitled to receive a one-off fee of #125,000 plus VAT for
introducing web-angel to the Company.  The agreement is conditional on
Admission.

NAME AND ADDRESS OF NOMINATED ADVISER:  

Ernst & Young
One Colemore Row
Birmingham
B3 2DB

NAME AND ADDRESS OF NOMINATED BROKER:  

Peel Hunt plc
62 Threadneedle Street
London
EC2R 8HP

LOCATION OF ADDRESS AT WHICH ADMISSION DOCUMENT IS AVAILABLE AT TIME OF
ADMISSION CONTAINING FULL DETAILS OF THE COMPANY AND OF ITS SECURITIES:  

United Energy plc
51 The Promenade
Cheltenham
Gloucestershire
GL50 1PJ

DATE OF NOTIFICATION:  22 May 2000

NEW/UPDATE:  Update

END

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