Sharman Introduces KaZaA Media Desktop V1.7, Feature-Rich Release

Business Wire, May 22, 2002

Business Editors & High-Tech Writers

LOS ANGELES--(BUSINESS WIRE)--May 22, 2002

KaZaA Media Desktop Users Gain Access to New and High Quality Files

Direct from Content Creators Via Altnet

Sharman Networks Limited today delivered on its promise of continuous innovation and file-sharing software leadership. Announcing KaZaA Media Desktop (KMD) version 1.7, Sharman delivers its latest release of the number one peer-to-peer (p2p) application. KMD users now have the opportunity to access a new range of high quality, high integrity files to complement the most robust search results feature in the p2p market today.

V1.7 Features

-- New Altnet range of high quality, high integrity files offered in response
to KMD searches.

-- Search More function allows KaZaA users to double their number of search
results by querying more KaZaA users.

-- p2p technology enhancements mean that, as more users upgrade, the speed of
KaZaA searches continually increases.

-- Media player enhancements deliver support for additional file formats, such
as WMV (Windows Media Video) and WMA (Windows Media Audio).

-- New visualization function in theatre view provides psychedelic animation
that moves to the music.

-- Enhanced security feature gives better protection against viruses by
alerting the user before opening files.

Altnet TopSearch Listings

Over the course of the next few weeks KaZaA users will begin to see Altne- driven owner-propagated content appear in their KaZaA search matches. Users will be able to easily identify these high integrity Altnet files in their KaZaA searches. Altnet files will present, for instance, demo versions, marketing-driven content promotions and/or paid-for content. The KaZaA user will have a choice to select these high quality files at their discretion.

"In V1.7 our focus is to optimize KMD's ability to deliver on user demand and better populate the search results. In creating technology that literally doubles the volume of relevant results returned from a single search, we continue to lead the market in peer-to-peer software," Sharman Networks CEO Nikki Hemming said. "In working with Altnet to offer users access to files that are high quality, virus free and accurately labelled, we are enriching the experience delivered to every one of the millions who choose the KaZaA Media Desktop. We are confident that KaZaA users will be very interested in the content offered by Altnet and its content partners."

? "Altnet's TopSearch, our sponsored link engine, allows us to deliver files from content creators and owners and enables them to establish direct relationships with their end-users. This delivers full-circle benefits. Creators and owners begin to take control of their content -- and users have access to files of significantly better quality," said Kevin Bermeister, President and CEO of Altnet.

Introducing Altnet Resource Network

Sharman Networks Ltd. is also defining the next step in its relationship with Altnet and advising its users about future opportunities Altnet will present via the `Introducing Altnet' section of its popular Web site www.KaZaA.com. In a few months, users will be invited to join a global resource-sharing program -- Altnet Resource Network; which will give them an opportunity to earn redeemable rewards points in return for sharing bandwidth, storage and processing power. Altnet Resource Network is entirely opt-in. Users that choose to join the program will be able to control the use of their computing resources and view their rewards program points through Altnet's Digital Dashboard application. Rewards points can convert into goods and services from Altnet partner companies at the user's discretion. Sharman will be working with Altnet to provide users with all the details in preparation for a Q3 release.

About Altnet

Altnet is the industry's first secure, opt-in, peer-to-peer network created to distribute secure content and cost-effectively perform distributed processing and storage functions for the enterprise and consumer markets. Altnet is a subsidiary of Brilliant Digital Entertainment.

About Sharman Networks Limited

Sharman Networks Limited distributes the popular KaZaA Media Desktop software, the leading peer-to-peer file transfer application that allows users to search, download, organize and interact with a variety of files. Sharman wholly owns and operates KaZaA.com and KaZaA Media Desktop software application. Founded in 2002, Sharman Networks is a consortium of private investors with multimedia interests. Sharman Networks provides distributed computing software applications that are pioneering the digital revolution. Sharman Networks is a worldwide operation, based in Australia, with offices in Europe.