Application has been made to the London Stock Exchange and the UK Listing Authority for 23,938,296 Ordinary Shares of 0.1p each of QXL ricardo plc to be admitted to the Official List. The shares are being issued in connection with the conversion of some of the company’s 2% Convertible Bonds in accordance with their terms.

The shares will rank pari passu in all respects with the existing issued ordinary share capital of the company and dealings are expected to commence 4 February 2003.

Copies of this announcement will be available for fourteen days following the date of this announcement from the offices of Credit Suisse First Boston de Zoete & Bevan Limited, One Cabot Square London E14 4QJ, brokers to QXL ricardo plc.

For further enquiries please contact: investorrelations@qxl.com