Holding(s) in Company

RNS Number:1950P
Internet Business Group
29 August 2003


                                  SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

  1.  Name of company

Internet Business Group plc

  2.  Name of shareholder having a major interest

Fleming Mercantile Investment Trust plc

  3.  Please state whether notification indicates that it is in respect of
      holding of the shareholder named in 2 above or in respect of a
      non-beneficial interest or in the case of an individual holder if it is a
      holding of that person's spouse or children under the age of 18

As above

  4.  Name of the registered holder(s) and, if more than one holder, the number
      of shares held by each of them

As above

  5.  Number of shares / amount of stock acquired

N/a

  6.  Percentage of issued class

N/a

  7.  Number of shares / amount of stock disposed

                                                                     1,500,000

  8.  Percentage of issued class

                                                                          2.38%

  9.  Class of security

Ordinary shares of nominal value of 0.1p each

 10.  Date of transaction

26 August 2003

 11.  Date company informed

29 August 2003

 12.  Total holding following this notification

                                                                     2,000,000

 13.  Total percentage holding of issued class following this notification

                                                                          3.17%

 14.  Any additional information

N/A

 15.  Name of contact and telephone number for queries

Maziar Darvish 07974 919 017

 16.  Name and signature of authorised company official responsible for making
      this notification

Maziar Darvish

Date of notification: 29 August 2003

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