London, Nov. 14, 2001 -- TEN^UK, (Time Energy Network Ltd) the European market leader in lifestyle management and corporate concierge services, recently announced that they have acquired Liberate and Entrust, the number two and three placed lifestyle management companies in the marketplace respectively. The amalgamation of these companies will increase the tenUK market share from 60% to almost 80% of the UK market. The acquisition gives the three-year old TEN^UK, five times more buying power in a market that is expected to grow three times to £60 million within two years. tenUK will now have more than 43 corporate clients including Microsoft, Lloyds of London, BDO Stoy Hayward, and ABN Amro. Private members include sport and media personalities, entrepreneurs, lawyers, bankers and employees from public service.

TEN^UK was founded by Alex Cheatle, 31, and Andrew Long, 26, in 1998 and was the first company of its kind. The service is available to both private individuals and corporates, and provides lifestyle management to those who are "cash rich" yet "time poor". It essentially outsources the management of day-to-day tasks, providing a healthy work-life balance. tenUK has recently had investment of over £5million from Henkel, Germany's largest consumer goods company and RWE, Germany's largest multi-utilities group. This has enabled them to expand into Germany and Australia. The merger of the three companies strengthens the position of tenUK as the market leader for lifestyle management services with more than 10,000 active customers and 100 dedicated full-time staff. Lifestyle management involves outsourcing tasks to a professional you can trust. They help members with all aspects of their personal life, from finding cleaners to booking holidays, from help renovating the home to getting the car serviced. This is all done through the latest in CRM - interaction with a fully trained individual at the front end, supported by the latest in a bespoke knowledge management system.

Alex Cheatle, co-founder and CEO of TEN^UK, will remain as CEO. He said: "Lifestyle management is an exciting, fast-growing business. The coming together of the top three businesses - each with their own experiences and specializations - consolidates the best service quality with financial strength. This merger uniquely positions TEN^UK as the industry leader in providing comprehensive concierge and lifestyle management services. In this growing marketplace, size matters." Julie Meyer - founder of Ariadne Capital and an early investor and member of TEN^UK said: "This acquisition is a perfect example of the consolidation that is going on in the market at present. In this market, better companies do better. As a member of TEN^UK I have found their services to be invaluable, and this acquisition can only strengthen their position at the forefront of the UK Market." What this merger means for TEN^UK is:

More In-house Expertise

A 12-person supplier management team, which allows us to expertly buy services and products from building work to domestic staff. This team of dedicated staff have industry background in their specialist fields. The new TEN^UK team will have a total of over 125-man years experience of Lifestyle Management. This makes us ten times more experienced than any other company in Europe.

Better Buying Power

This new combined entity means more than five times the buying power than TEN^UK had operating alone. This power will be used to demand better service and value for all members. For instance, tenUK can save its members up to 15% on tradesmen, not to mention a multitude of other requests. TEN^UK has been the market leader since it's inception in 1998. Entrust was the second company to set up and focused primarily on private individuals, whilst Liberate was the third major company to be established and they focused on a mixture of private and corporate clients. The company will continue to operate from their head office in Central London, and will be joined by the lifestyle managers from the acquired companies.

More information on TEN^UK major investors:

Henkel KGaA www.henkel.com - is Germany's largest consumer goods company. They are worldwide operating specialists in adhesives, brand-name products and in industrial specialities with affiliates in over 70 countries. The company is the market leader in adhesives, surface technologies and industrial and institutional hygiene on a worldwide scale. In detergents/household cleaners and in cosmetics/toiletries Henkel holds a leading position.

With over 60 000 employees, Henkel generated sales of €9.4 billion in the first three quarters of 2000, 12.1% up on the same period last year. Henkel prides itself as a truly global player, conducting the majority of its business outside of Germany.

RWE Com GmbH & Co. oHG www.rwe.com - is the e-business company of RWE, Germany's largest multi-utilities group. In addition to e-business service provisioning, strategic shareholdings in young and innovative e-business companies is a central task of RWE Com.

With sales totalling around €55 billion and employing approximately 155 000 staff, the RWE group focuses its strength on the energy and environment sectors. The core fields of business are electricity, gas, water and sewage, waste disposal and recycling. The Multi-Utility range is rounded off by energy-related services. RWE already holds a strong position in the UK with its recent acquisition of Thames Water.

Ariadne Capital Ltd www.ariadnecapital.com is a new venture group in Europe. Our secret is a unique network and diverse set of relationships held by our team of professionals that have operational experience as well as knowledge of technology, capital markets and corporate finance. We offer assistance in corporate finance, mergers and acquisitions, the sourcing of talent, corporate strategy and the building of sales channel and securing of customers.

Our services are offered to entrepreneurs, managers, investors and corporations across Europe. We help companies build sales; scale across Europe; merge with other entities; access best-practice business partners; find top talent and access capital. To leverage these advantages, Ariadne Capital has an extensive proprietary database and an in-house research department, which provide continuous market intelligence and reports on technology innovation.

For further information or comment please contact Ariadne Capital 020 7653 0204 Info@ariadnecapital.com