AppNet Engaged By VEBA Electronics -- Top Global Distributor of Semiconductors and Computer Products; Latest in String of Significant B2B Engagements.

Business Editors/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--Feb. 29, 2000

AppNet, Inc. (Nasdaq: APNT), a premier provider of end-to-end e-business solutions to Fortune 1000 companies, announced today at the Internet and Electronic Commerce Conference and Exposition (iEC), that it has been engaged by VEBA Electronics LLC, one of the world's largest distributors of semiconductors and computer products. AppNet will design and implement a comprehensive corporate portal to work with VEBA Electronics' customers.

Under terms of the engagement, AppNet will provide e-business strategy consulting and design an overarching implementation strategy for e-business initiatives across the Group Companies of VEBA Electronics. In addition, AppNet will offer Web site and application development support for unifying VEBA's member companies and their divisions behind one end-to-end architecture for conducting e-business.

The new architecture will drive a sweeping e-business initiative through which VEBA seeks to transform the electronics' marketplace by building real-time linkages between suppliers and customers. The business-to-business (B2B) application development will focus on providing functionality for three key areas -- sales, services and support.

"At present, we have more than a dozen different Web sites, each with its own look, feel and functionality," said C. Christopher Fecher, senior vice president and CIO of VEBA Electronics. "Capturing our online potential, which is vast, will hinge on our ability to realize the synergy of our global companies' electronic presence. We've engaged AppNet to do exactly that."

In addition to strategic consulting and Web site design, AppNet will facilitate development of e-business applications to allow VEBA's suppliers and customers -- commercial buyers and sellers of electronic components -- to place orders online, check order status, receive product information, check inventories and chart shipping status.

"The power of Internet-based solutions is gaining great momentum in the B2B arena, and with this leap-forward initiative VEBA is exercising real leadership," said Randy Wiele, general manager and group president for AppNet. "Our end-to-end approach for e-business integration within companies and their supply chains will help VEBA become a powerhouse in the online marketplace for electronic components."

The VEBA Electronics group, headquartered in Santa Clara, Calif., is one of the world's largest and fastest-growing forces in the distribution of semiconductors and computer products. Its member companies include four distribution groups: Wyle Electronics, EBV Elektronik and the Memec group for semiconductors, and Raab Karcher Electronic Systems for computer products. Insight Electronics, Unique Technologies and Impact Technologies are Memec companies covering the North American semiconductor specialist market. ATLAS Services provides global logistics support and value-added services to all of the group's semiconductor distributors.

VEBA Electronics LLC, the group management company based in Santa Clara, Calif., is a subsidiary of VEBA AG, one of the largest industrial groups in Germany. VEBA Electronics is on the Managing Board of RosettaNet, representing Electronic Component supply chains to build, promote, and permeate Electronic Commerce interfaces. RosettaNet is an independent, self-funded, non-profit consortium dedicated to the development and deployment of standard electronic business interfaces to align the processes between supply chain partners on a global basis. Launched in June 1998, RosettaNet is currently in the pilot phase of its implementation cycle.

AppNet (Nasdaq: APNT) is a premier provider of end-to-end e-business solutions, from interactive marketing to back-office integration. For companies transforming themselves for the new Internet economy, the firm offers a unique mix of Internet strategy, marketing, and technology services. AppNet is the fourth largest interactive marketing agency according to Advertising Age and one of the 50 largest pure Internet companies, according to Internet World. AppNet works with Fortune 1000 and dot.com companies. Customers include UCCnet, Baxter Healthcare, Dial, Ford, Ralston Purina, Hyundai, multex.com, primeoutlets.com, UNICEF, KB Toys, NEC, and Unilever. For more information about how AppNet can bring the power of e-business to your business, visit http://www.appnet.com.

This press release may include "forward-looking statements" for purposes of the Securities Exchange Act of 1934. All statements herein, other than those of historical fact, including statements regarding future contractual arrangements or performance, competitive strengths, and business strategy, are forward-looking. Actual results or events may differ materially from those projected in such forward-looking statements. Information regarding the factors that could cause such differences are contained in AppNet's Prospectus dated November 10, 1999 contained in the Registration Statement on Form S-1 filed in connection with AppNet's November 1999 offering and on the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 1999.