Directors acknowledge Telco’s variation of offer

The Directors of Market faxts acknowledge and welcome the variation
of Offer from Telco Australia Limited ("Telco"). The effect
of the variation is to lower the minimum acceptance condition from 50.1%
to 40% of all Market faxts shares and to increase the offer period
for a further three weeks to 23 October 2000. The remaining conditions
to the Offer have not been varied.

The Directors of Market faxts consider the variation to be of
benefit to Market faxts shareholders, as the increase in offer
period will allow the Board to directly compare the Telco offer with that
of ISIS Communications Limited ("ISIS") when received.

Varying market conditions have meant that the two offers are now below
the value at their announcement date. At the current share prices of Telco
and ISIS, both offers are only approximately equivalent to the cash backing
of Market faxts and do not reflect the full value of the Market
faxts business. As the offer consideration under both offers consists
solely of shares, shareholders should expect that variations in the value
of both offers will continue.

The lowering of the minimum acceptance to 40% matches the announced ISIS
offer. However, importantly, the Telco Offer is still only an offer to
acquire 80% of your shares in Market faxts. The Telco offer may
still leave Market faxts shareholders with shares in a highly illiquid
stock following closure of the offer.

The Board of Market faxts’ recommendation on the Telco offer was
for shareholders to take no action. Since this recommendation the Board
has continued to monitor the situation. After considering the recent announcement
by Telco and in light of the current circumstances, the Board maintains
its recommendation until final details of the ISIS offer are known or
the Telco offer is further varied.

The Board not only continues to discuss each offer with ISIS and Telco,
but also continues to progress Market faxts’ own business strategy.
Once the final details of the ISIS offer are received the Board will make
a formal recommendation.

For more information:
Chris Gosselin
Chief Executive Officer
InfoChoice Limited
PH: [02] 9247-6788
MOBILE: [0411] 537 830

Tim Allerton
City Public Relations
PH: [02] 9281 7272

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