Gent, Belgium, September 5, 2002 - Bricsnet notifies that it currently does not comply with the minimum financial criteria set by Nasdaq Europe. The Company has requested from Nasdaq Europe a limited extension of three months to regain compliance. The Nasdaq Europe Market Authority has granted this request subject to certain conditions.

If compliance is not regained by November 30, 2002, disciplinary proceedings with a view to delisting of the Company’s financial instruments may be initiated and a trade halt may be imposed.

The Company is currently evaluating possible scenario’s in order to regain compliance with the financial requirements.

For more information:
Michel Vander Eecken
Bricsnet NV
Koning Albertlaan 165
B-9000 Gent, Belgium
Tel: +32 (0) 9 2440100
Fax: +32 (0) 9 2440101
Email: Email Contact
Web: www.bricsnet.com