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  Press Release

See: http://www.netshift.com/press1.htm

NetShift Successfully Completes Multi Million Dollar Fundraising London,

England, 2 October 2001 - NetShift Software Limited, a UK-based company developing and marketing solutions for self-service kiosks and other public access devices, today announced that it has secured a commitment of US$5m in expansion capital from Shell Internet Ventures BV (Shell Ventures).

The funds will be used to extend the marketing of NetShift's solutions into new geographic markets and to accelerate development of the company's products and services.

Nigel Seed, Chairman and CEO of NetShift, said: "We are very excited to welcome Shell Internet Ventures as a new, active investor. The Royal Dutch/Shell Group is a global powerhouse with massive brand identity and a long-term strategic vision. It sees the shift towards self-service taking place in the retailing and service sectors and recognises that our technology solutions are a key part of bringing about the change in those markets."

"We are delighted to welcome Nicholas Callinan to our Board of Directors. Nicholas is Senior Vice President of Shell Ventures and has many years of international experience as an investor and board member of many high growth technology companies such as ours. He will be a tremendous asset to the board as we plan and execute our global growth strategy."

"We are impressed at the range of significant opportunities that the company has open to it," said Nicholas Callinan, "In particular, we see significant potential for NetShift's technology solutions in the service and retailing sectors where Shell is active. We hope to introduce the technology to several companies in the Shell Group."

Rufus Connell, kiosk expert at Frost & Sullivan, said: "This round of funding validates NetShift's installed base leadership in the kiosk software marketplace. Shell Ventures' investment will help NetShift consolidate its already established international presence. The kiosk marketplace has demonstrated strong growth, and, with many large projects in the pipeline, the need for fully managed software solutions becomes more obvious. This Shell funding positions NetShift very well to satisfy that demand."

For more information contact;
John Purcell, VP Marketing,
NetShift Software,
Kennetside, Newbury,
Berkshire RG14 5PX, UK.
Tel: +44(0)1635568800
Fax: +44 (0)1635 568850
email:[email protected]

About NetShift Software Ltd.
NetShift Software is among the leading solution providers of public access/self service kiosk technology in the world. With a deployed base in over 70 countries, NetShift and its global network of resellers are providing solutions and professional services to organisations producing and operating kiosks, ATM's, multimedia payphones and many other self-service devices. NetShift solutions are available for individual devices and networks of thousands of devices for information (route planning, tourist information, museum guides etc.), communication (Internet, email, vmail, SMS, telephony etc.) and entertainment (gambling terminals, fun games, online tournaments etc.). NetShift solutions can be seen in leading organisations worldwide in markets as diverse as eGovernment (City of Rhode Island, The Library Of Congress, UK Post Office), Retail (Macy's, NCR, IBM), Transport & Tourism (Ordnance Survey Mapping, UK National Trust), Financial Services (Charles Schwab, Merrill Lynch, JP Morgan, HSBC), Hospitality (Marriott Hotels, Hyatt Hotels, Hilton Hotels), Telecoms (France Telecom, Cable & Wireless) and much more.

For more information, visit www.netshift.com

About Shell Internet Ventures and the Royal Dutch/Shell Group
Shell Internet Ventures B.V. is a corporate venture capital fund established by the Royal Dutch/Shell Group of companies in November 2000 to make minority equity investments in early stage companies in technology areas relevant to Shell's current and future operations. The fund invests in high growth, early and expansion-stage companies in the software, Internet and business communications services sectors. For more information, visit the fund's website at www.shell.com/internetventures-en.

The Royal Dutch/Shell Group of companies, "the Group", is a diverse group of energy companies with operations in more than 130 countries. The Group's businesses include oil and gas exploration and production; power generation; manufacturing, marketing and shipping of oil products and chemicals and renewable energy products, including wind and solar power. The Group's parent companies are Royal Dutch Petroleum Company, which has a 60% interest in the Group, and The Shell Transport and Trading Company plc, which has a 40% interest in the Group. Shares in the parent companies are traded on stock exchanges in Europe and in the USA.


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