And signs exclusive three year agreement with leading Danish portal Jubii.dk

LONDON, Jan. 12, 2000 - QXL.com plc (LSE:QXL.L; NASDAQ:QXLC), the pan-European online auctioneer, announces today the acquisition of the largest Danish online auction site, Jubii Auktion. The consideration will be 510,000 QXL.com Ordinary Shares, which have a current market value of £6.6m. Jubii Auktion, (http://auktion.jubii.dk), is the largest consumer-to-consumer auction web site in Denmark, with over 30,000 members at the end of 1999, and was the auction business of the leading Danish portal, Jubii A/S. Jubii Auktion has no audited accounts and no material net assets.

In addition to the acquisition of the auction business, QXL.com has also signed an exclusive three-year deal with Jubii A/S, the leading search engine and directory service in Denmark with 1.7m unique users according to AC Nielsen AIM (WebCheck Q399). This three-year agreement will give the newly acquired site full integration into the Jubii service and guarantees nearly 2 billion page impressions in total.

Jubii Auktion will be integrated into a new QXL web site. It is the second acquisition by QXL.com in Scandinavia, following the acquisition of QXL Norway from DinSide in December 1999.

Commenting on the acquisition, Jim Rose, Chief Executive Officer of QXL.com said: "This acquisition gives QXL.com a leading position in a second Scandinavian country within a month of establishing QXL Norway, thereby reinforcing QXL.com's leading position in a region with the highest Internet penetration rates in the world. QXL will accelerate the development of QXL.dk by implementing its systematic online distribution strategy and brand building efforts, particularly on Jubii via a long-term distribution agreement."

Martin Thorborg, Marketing Executive of Jubii A/S added:
"Jubii is very pleased to partner with QXL.com, Europe's leading Internet auction site, to provide its growing user base with the best available auction service. Our members now will have a much improved auction experience and the opportunity to buy and sell across Europe."

QXL.com Background Information

QXL.com is a pan-European online auction community. QXL.com simultaneously conducts consumer-to-consumer and business-to-consumer auctions in six languages and currencies. The QXL.com online auction community facilitates trading 24 hours a day, seven days a week in an efficient, convenient and entertaining environment. QXL.com enables buyers to bid on merchandise and services from across Western Europe which are sold by QXL.com, QXL.com members and merchants. QXL.com also enables sellers to locate and trade with buyers in new geographic markets. A wide selection of merchandise and services is available on our online auction community, ranging from computer software and hardware, consumer electronics, household appliances and collectibles to travel-related items and sports equipment.

QXL.com provides access to the QXL.com trading community in English (www.qxl.com and www.qxl.co.uk, launched in November 1997), German (www.qxl.de, launched in October 1998), French (www.qxl.fr, launched in December 1998), Italian (www.qxl.it, launched in June 1999), Dutch (www.qxl.nl, launched in October 1999) and in Norwegian (www.qxl.no, acquired in December 1999). It recently listed on the London Stock Exchange and the Nasdaq National Market.

Jubii A/S Background Information

Jubii A/S is Denmark's and one of Europe's most visited web-portals with approximately 50 million page impressions per month. Jubii features include a search engine, free e-mail, chat, news, weather, e-commerce hosting, yellow/white pages and much more.

Jubii A/S is a 5-year-old media company and was founded in Denmark July 1995. Today Jubii employs 75 people and is growing rapidly. Jubii A/S has two subsidiaries: EuroInvestor.com, the largest investor community in Denmark, and ACSYS, that works with Fuzzy logic.

For more information visit QXL.dk

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