FOR IMMEDIATE RELEASE 27 MARCH 2002

The results attached represent the first full three months of trading since admission to OFEX on the 7 September 2001.

These three months have been a particularly busy time for the company both in setting up and establishing its sales and marketing plan and consolidating the business of Company Eye Limited which was acquired by Insensia Group on the 28 September. This consolidation process was concluded recently with the transfer of the London office to our existing Glasgow based premises in early February.

Although our new sales and marketing strategy was only implemented during this quarter, I am pleased to report sales have increased by 44.5% on the five month period reported for Insensia Group previously.

This quarter saw the launch on the 10 December of Unquoted Magazine, which is now on its fourth issue, and was the first tangible result of the Insensia / Company Eye consolidation.

Trading for the first two months of 2002 has been very encouraging and I can already report that turnover over this period has exceeded the total for the first 8 months since the plc's incorporation. Administrative expenses meanwhile have reduced substantially, and whilst we still anticipate reporting a further loss for this coming quarter, it will be sharply down on the previous. If sales activity continues to progress as it has been, we are very close to breaking even on a month-by-month basis.

In our key product areas, Unquoted Magazine, which covers the AIM and OFEX markets, is performing very well with subscription and advertising take up encouraging. Feedback from the industry has been very positive and we are delighted with progress thus far.

Our OFEX-focused community site, Unquoted.co.uk continues to do well, and was recently nominated for Best OFEX Media Coverage in the inaugural OFEX awards, and membership levels now stand at over 8000. Following a sales policy decision early in 2002, we adjusted the level of editorial output and we can report that the website as a cost centre is now profitable.

Following a quiet trading quarter for Company Eye, we have started the year very positively with the production of "OFEX 2002 – a year in perspective" which received heavy sponsorship and backing from the companies featured in the report. This report followed on from "The Real Value of OFEX" which Company Eye produced in 2001, and will now become an annual review of the OFEX market. Company Eye is now planning its next sectoral review for publication in the second quarter of 2002.

I am pleased to announce that we will shortly be launching a new independent financial news and community website focused on AIM, the London Stock Exchange's international market for young and growing companies.

The site will be closely modelled on our successful OFEX-focused website "unquoted.co.uk", and it will share a common user registration system ensuring that registered users are able to access both sites.

The site (www.aimquoted.com) is currently in a closed "beta-test" period, where approximately 150 active users of Insensia’s "Unquoted.co.uk" site will be given access to the site for testing purposes. "Aimquoted.com" will be launched formally following the conclusion of the testing period.

Alan Hutchison

Managing Director

Ends

Indicative dealing prices and news releases by Insensia Group plc are available via Newstrack Limited, which is in turn available through Reuters, via JPJA <Return> or OFEX01 <Return>, Thomson Financial, Bloomberg via TRAK <GO>, or via the OFEX web page at www.ofex.com.

Brett Miller/Joseph Marffy

Maxine Barnes Mobile 07860 489571

1. Insensia Group plc is a financial media group, which currently focuses on the coverage of the OFEX and AIM markets but intends to extend that to coverage of junior equity markets worldwide.

The Group currently has a number of key sales channels:-

Unquoted.co.uk a portal site for investors interested in the OFEX market and unquoted companies generally

Unquoted Magazine – a full-colour printed magazine published monthly covering the OFEX and AIM markets

Unquoted Angels - a business angels network and facilitation service

Unquoted Trader - a brokerage joint venture with Jarvis Investment Management plc;

Company Eye, a London-based publishing business which produces research-based Investor Relations documents;

The "Company Eye Guide to Sources of Capital for Smaller Businesses" a printed guide, updated quarterly for small companies seeking finance (published by Company Eye);

and InsensiaWeb - a software based web content-management system. 

2. Insensia Group plc's shares commenced trading on the OFEX market on the 7^th of September following a successful public offer for subscription which saw the company raise £300,200 to be used for working capital towards expansion.
3. The website at www.unquoted.co.uk is operated by Unquoted Limited, a wholly owned subsidiary of Insensia Group plc, which is an independent company with no connection with OFEX plc or any other Group companies connected to the OFEX market.
4. OFEX is a market operated by OFEX plc (a subsidiary of S J & S Plc) regulated by the Financial Services Authority ("FSA"), which allows trading in the shares of unquoted companies.
5. OFEX is a registered trademark of OFEX plc
6. Unquoted.co.uk is not authorised to and does not distribute official OFEX data
7. Official data on the OFEX market can be accessed at OFEX plc’s official market site at www.ofex.com

We have been instructed by the company to review the financial information set out on the attached page and we have read the other information contained in the interim report and considered whether it contains any apparent misstatements or material inconsistencies with the financial information.

The interim report, including the financial information contained therein, is the responsibility of, and has been approved by the directors. The Listing rules of the Financial Services Authority require that the accounting policies and presentation applied to the interim figures should be consistent with those applied in preparing the preceding annual accounts except where any changes, and the reasons for them, are disclosed.

We conducted our review in accordance with guidance contained in Bulletin 1999/4 issued by the Auditing Practices Board. A review consists principally of making enquiries of management and applying analytical procedures to the financial information and underlying financial data based thereon, assessing whether the accounting policies and presentation have been consistently applied unless otherwise disclosed. A review excludes audit procedures such as test of controls and verification of assets, liabilities and transactions. It is substantially less in scope than an audit performed in accordance with Auditing Standards and there provides a lower level of assurance than an audit. Accordingly we do not express an audit opinion on the financial information.

On the basis of our review we are not aware of any material modification that should be made to the financial information as presented for the three months ended 31 December 2001.

Scott-Moncrieff

Chartered Accountants

25 Bothwell Street

Glasgow

G2 6NL