STT Straight

RNS Number:1363N
StartIT.com PLC
14 November 2001



                           startIT.com plc ("STT")

                        Acquisition of shares in iAsia



On 11th September, 2001, STT announced a shareholding restructuring in CFN
(UK) Ltd. ("CFN UK") which would result in STT acquiring certain shares in
iAsia Technology Limited ("iAsia") while maintaining STT's existing 11%
interest in CFN UK (the "CFN UK Transactions"). The Directors of STT are
pleased to announce that the CFN UK Transactions were completed on 9th
November, 2001. STT is now holding a total of 1,752,143 shares in iAsia,
representing approximately 0.36% of the enlarged share capital of iAsia.

CFN UK plans to offer value added services, specializing in Asian securities,
to brokers and financial institutions in the UK. iAsia provides online trading
services to brokers and financial institutions in the Far East, and is listed
on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange.

There are also conditional agreements, pending completion expected to take
place at around the end of November, 2001, under which STT will dispose of all
its remaining interests in CFN UK for new iAsia shares.



For further information, please contact:


Phill Brown, Chief Executive, startIT.com plc

Tel: 01274 623 478


Peter Addison, Director, Corporate Finance, Insinger English Trust

Tel: 020 7377 6161


Shane Dolan, Director, Biddicks

Tel: 020 7448 1000

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