Update re Share Buyback

RNS Number:6213B
Internet Business Group
07 August 2007





                          Internet Business Group plc
                            ('IBG' or the 'Company')

                         Update Regarding Share Buyback


On 21 June 2007, as part of the conclusion of its strategic review, the Company
announced that it was considering undertaking a share buyback programme. On 30
July 2007 the Company announced that it had recently appointed Strand Partners
Limited as Nominated Adviser and St Helen's Capital plc as Broker to the Company
and that, in conjunction with its new advisers, it would continue to explore the
desirability and feasibility of undertaking this programme. Any such programme
would first require the approval of the Court for a capital reduction which
would require a significant commitment in terms of both cost and management
time. As a consequence, and having consulted with the Company's major 
shareholders, the Board has concluded that such a programme is not in the best
interests of the Company at this time.


Enquiries:

Internet Business Group plc
Maziar Darvish, Chairman
020 7927 8102

Strand Partners Limited
James Harris / Braden Saunders
020 7409 3494

St Helen's Capital plc
Ruari McGirr
020 7628 5582









                      This information is provided by RNS
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