SAR - (Overnet Data Plc)

RNS Number:1317Z
Cantor Fitzgerald Europe
26 May 2004

                                                                      FORM SAR 3

Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent
to the company the shares of which are acquired.

                                  Date of disclosure......26/05/04..............

   DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
                                SHARES ("SARs")



Date of acquisition .........21/05/04..........................................

Acquisition in       Overnet Data Plc..........................(name of company)


(1)   Class of voting shares         Number of shares/rights over shares  If rights over shares acquired,
        (eg ordinary shares)         acquired                             as opposed to the shares                      
                                                                          themselves, specify nature of
                                                                          rights

                                     
        .........Ordinary........... ..........195,000........ shares     ...............................

                                     ..........................rights


(2)   Resultant total holding of     Resultant total holding of rights    Total percentage
      voting shares (and % of total  over shares (and % of total voting
      voting shares in issue)        shares in issue)

      ......2,200,000.....(24.02%)   ............................(   %)   ......2,200,000...... (24.02%)


(3)   Party making disclosure ......Cantor Fitzgerald Europe..................

(4)   (a)   Name of person acquiring shares or rights over shares .........
            Cantor Fitzgerald Europe..........

            and, if different, beneficial owner ...........................

        (b)   Names of any other persons acting by
              agreement or understanding (see SAR 5) .......................

Signed, for and on behalf of the party named in (3) above .....................

(Also print name of signatory) ..................Simon Rogers..................

Telephone and extension number ...............020 7894 7854.....................

                     ______________________________________

          
Note.     Under SAR 5, the holdings of and acquisitions by persons acting by
          agreement or understanding must be aggregated and treated as a holding 
          of or acquisition by one person. Note 3 on SAR 5 requires persons who 
          must aggregate holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: [e-mail]



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