Will add more as and when I have the time - but your starter for 10

For immediate release: 7 May 2003


STRATEGIC ALLIANCE



Envesta plc ("Envesta" or the "Company"), the alternative telephony provider,
announces the formation of a strategic alliance with Europa Telecomunicazioni
SpA ("Europa"), a wholly owned subsidiary of DreamFarm SA ("DreamFarm"), an
Italian based privately held telecommunications business with leading technology
and marketing in the European, African and Asian calling card markets.

As announced on 2 May 2003, DreamFarm, through its majority interest in Argo
Trust Limited, has agreed to acquire 45,562,951 of Envesta's Ordinary shares at
a price of 6.25p per share. Following completion of this transaction, which is
expected to take place on 19 May 2003, DreamFarm will hold 23.3% of Envesta's
Ordinary share capital. Mr Vito Carlo Stampanoni Bassi, President of Europa,
joined the board of Envesta plc with immediate effect on 2 May and two other
board appointments will follow completion of the share acquisition.

Europa's principal business is the sales and marketing of calling cards to
retailers and distribution channels throughout Europe. In collaboration with a
number of financial institutions Europa has been developing value added
financial services to run in conjunction with the telephony on the prepaid
cards.

Commenting on the alliance, Kevin McGovern, Finance Director of Envesta, said, "
We are delighted to welcome DreamFarm as partners and shareholders of Envesta.
We are particularly pleased that DreamFarm recognises the value inherent in our
business and has demonstrated this by the price paid to acquire their holding.
We look forward to a close relationship, which should benefit both our customers
and shareholders. The trading opportunities between the two companies are
considerable, with Seven Telecom, the trading subsidiary of Envesta, providing
wholesale minutes to the alliance and Europa the sales and distribution channels
for our new European product launches. We expect significant synergies and
profit enhancement as a result of the alliance and look forward to a developing
relationship with DreamFarm in the future."

Vito Stampanoni Bassi, President of Europa stated, "This is a significant step
for both companies in achieving a European dimension. The complementary elements
between the wholesale skills of Seven Telecom and the prepaid market knowledge
of Europa will lead to important synergies and economies of scale in purchasing
telephone traffic."

Other Interesting sites

www.noit.co.uk - major shareholder in Envesta
www.envestaplc.com

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