Result of Tender Offer

RNS Number:3967K
Timeload PLC
25 April 2003



25 April 2003


                                  Timeload plc

                            Results of Tender Offer

The Board of Timeload plc ("Timeload" or the "Company") is pleased to announce
the results of the Tender Offer announced on 28 March 2003.  The Company will
return #2.2 million to shareholders who have tendered ordinary shares for
repurchase by the Company, at the tender price of 0.75 pence per share.  This is
the maximum cash available to be returned under the Tender Offer.

In accordance with the terms of the Tender Offer and tender applications
received as at 5.00pm on 23 April 2003 (the latest time for receipt of tender
forms), the Company will repurchase all of the shares tendered by each
shareholder up to a maximum of 81.9 per cent. of the ordinary shares held by
such shareholder as at 5.00pm on 23 April 2003.

Completion of the Tender Offer and the other proposals set out in the circular
to shareholders dated 28 March 2003 remains conditional on, inter alia, the
approval of the High Court for the Capital Reduction, which is expected on 21
May 2003.  Assuming such approval is received, it is expected that the listing
of the ordinary shares on the Official List will be cancelled and that the share
capital of the Company (as enlarged by the acquisition of COE Limited) will be
admitted to trading on the Alternative Investment Market by 28 May 2003, and
that the Tender Offer proceeds will be despatched to shareholders on or about 30
May 2003.


For further information, please contact:

Paul Dudley/Suzanna Temple-Morris

Timeload plc                                           01895 457 400


Deloitte & Touche Corporate Finance is acting for Timeload as sponsor in
connection with the acquisition and as nominated adviser in relation to the
admission to AIM and for no-one else and will not be responsible to anyone other
than Timeload for providing the protections offered to clients of Deloitte &
Touche Corporate Finance nor for providing advice in relation to the acquisition
or admission to AIM. Deloitte & Touche Corporate Finance is a division of
Deloitte & Touche which is authorised and regulated by the Financial Services
Authority in respect of regulated activities.

Durlacher Limited is authorised and regulated by the Financial Services
Authority in respect of regulated activities. Durlacher Limited is acting for
Timeload as independent financial adviser in relation to the acquisition and as
broker in relation to the Tender Offer and the admission to AIM and for no-one
else in connection with the acquisition, the Tender Offer and the admission to
AIM and will not be responsible to anyone other than the Company for providing
the protections offered to clients of Durlacher Limited nor for providing advice
in relation to the acquisition, the Tender Offer and the admission to AIM.


ENDS

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