OND Overnet Data

RNS Number:8869W
OverNet Data PLC
24 March 2004

PRESS RELEASE


24 March 2004


OverNet Data plc ("OverNet" or "the Company")

OverNet Data announces that with effect from 18 March 2004 the agreement to
provide a drawn down facility entered into with Principal Corporate Investor
Limited on 24 September 2002 for a term of two years was terminated.

The agreement was to provide the Company with an equity line of credit intended
to provide financial flexibility.  As OverNet is now a cash shell, as previously
announced, the credit line is no longer needed.

There are no financial implications to the termination of this agreement.


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