BA59 Atlas 2022-1 60

RNS Number:0187Q
Affinity Internet Hldgs PLC
16 January 2002

AFFINITY INTERNET HOLDINGS PLC

AFFINITY INTERNET SECOND INSTALMENT OF MALL UK JOINT VENTURE WITH CAPITAL
SHOPPING CENTRES PLC FOR THE CREATION OF VIRTUAL SHOPPING MALLS

London 16 January 2002 - Affinity Internet Holdings plc ("Affinity"), the
communications service provider, today announces that it has issued 135,172
new ordinary shares as the second instalment of investment into the Mall-UK
joint venture with Capital Shopping Centres Plc (CSC), the UK's largest
shopping centre investor and developer including Lakeside and the MetroCentre.


Affinity has today issued the second tranche of #500,000 investment, issuing
135,172 shares at an average of the closing mid price on the 5 working days
preceding the anniversary date of 369.5 pence. As reported on 17 January 2001,
Affinity issued #500,000 of shares, 120,773 shares at 414 pence per share, as
the first instalment, with a commitment for two further tranches of shares of
#500,000 on the next two anniversaries of the deal, at the prevailing share
price.


Affinity and CSC are each one-third owners of Mall-UK, with the remaining
third continuing to be held by Mall-UK's founders. Mall-UK creates "virtual
shopping malls" in the name and style of physical shopping centres in the UK,
each mall being an individual virtual internet service provider or VISP. The
first mall to launch was Lakeside (www.lakeside.uk.com) in November, and the
second, Chimes, located in Uxbridge, launched just ahead of the Christmas
period.


Application has been made to the UK Listing Authority and London Stock
Exchange plc for the new ordinary shares to be admitted to the Official List
and to trading on the London Stock Exchange. Dealings in these shares are
expected to commence on 21 January, 2002.


ENDS

Enquiries

Affinity Internet Holdings plc                                    020 7670 1150

Wayne Lochner, Group CEO

Merlin Financial Communications                                   020 7606 1244

David Simonson or Dominic Barretto





Notes to editors

Affinity is a telecoms and internet company providing an increasingly
integrated communications service offering to corporates, consumer brands and
special interest groups. Services include fixed line and mobile telephony,
alongside internet access and convergent billing provision. Clients include
WHSmith, Arsenal FC, Powergen, Royal Bank of Scotland and the AA.


Affinity floated on the AIM stock market in April 1999. The Company completed
its move to the Official List of the London Stock Exchange and became a
component of the techMARK index on the 24 October 2000. Affinity is currently
valued at #106 million.

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