ebookers Tecnovate announcement

16 January 2004 - ebookers plc (Nasdaq - EBKR, LSE - EBR) Europe's No.1 retail
online travel agency, today gives an update on its Indian Tecnovate subsidiary.

On October 2, 2003, ebookers announced an investment in its Indian subsidiary,
Tecnovate. Kipotechniki BVBA agreed to invest $10m by acquiring new shares in
Tecnovate representing 6.25% of the enlarged share capital. The consideration
was to be paid in two instalments of $5m. The first instalment was payable
immediately and was received. The second instalment was payable by December 31,
2003.

The second instalment has not been received to date. We are in discussions with
Kipotechniki regarding the terms of this second instalment.

ebookers will be issuing a trading statement on Monday 19 January, and will be
holding an analyst briefing on the same day.

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For further information:

ebookers plc

Oliver Strong +44 (0) 20 7489 2239

oliver.strong@ebookers.com +44 (0) 7771 934 153

Cubitt Consulting (UK)

Fergus Wylie +44 (0) 20 7367 5100

fergus.wylie@cubitt.com

About ebookers plc

ebookers is a leading pan-European online travel agency with websites in 12
European countries - UK, France, Ireland, Germany, Austria, Spain, Holland,
Switzerland, Sweden, Denmark, Norway, and Finland. It specialises in the mid-
and long-haul modular leisure segments of the European travel industry. It also
specialises in selling discount merchant fares, which are negotiated directly
with leading travel suppliers in order to help them sell their excess capacity
without damaging their pricing structure and brands. ebookers has a low-cost
BPO facility in New Delhi, India with a staff of over 700, which carries out 13
separate functions from email sales to software development. The Company has a
multi brand marketing strategy. Its brands include ebookers.com, Flightbookers,
Travelbag, The Adventure Company Bridge the World, and MrJet. ebookers plc is
listed on the London Stock Exchange and quoted on Nasdaq in the United States
of America.

Forward Looking Statements

Except for the historical information contained herein, the matters discussed
in this news release are forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
in such forward looking statements. Potential risks and uncertainties include,
without limitation, the company's ability to identify, acquire and integrate
its potential subsidiaries across Europe, its ability to significantly increase
its online revenues and sales volumes, to maintain and develop relationships
with travel suppliers and strategic partners and to attract and retain
customers, potential adverse changes in its gross mark up or in commission
rates, unforeseen events affecting the travel industry, and the company's
dependence on its ability to establish its brand. The foregoing list of
important factors is not exhaustive. When relying on forward-looking
statements, readers should carefully consider the foregoing factors and other
uncertainties and events, as well as factors described in documents ebookers
plc files from time to time with regulatory authorities in the United Kingdom
and the United States, including annual reports on Form 20-F filed with the US
Securities and Exchange Commission. Any forward-looking statements speak only
as of the date on which they are made and except as required by the rules of
the UK Listing Authority, the London Stock Exchange the Nasdaq National Market
and applicable law, ebookers plc undertakes no obligation to update publicly or
revise any forward-looking statements.



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