NetSol International Inc. (NTWK)

[Tingleff]

Todays Filings 3.
8-K
ITEM 5. OTHER EVENTS

On June 11, 2001 the management of the Registrant obtained a temporary
restraining order prohibiting Netsol Shareholders Group, LLC and the
directors it claims to have elected to the Registrant's board of directors
from taking any action whatsoever with respect to the Registrant, at least
until a court hearing scheduled for Friday, June 15, 2001. In granting the
temporary restraining order the Court found that the Registrant had shown a
reasonable probability of success on the merits of its claim, specifically
that the defendants are not properly elected members of the board of
directors of Netsol International, Inc. and that their purported election
violates Nevada law.

A copy of the Press Release announcing the temporary restraining order, which
was filed by the Registrant as DEFA14A, additional proxy soliciting materials -
definitive, with the Securities and Exchange Commission on June 12, 2001, is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
http://ragingbull.tenkwizard.com/fil_submis.asp?repo=tenk&ipage=1433246&doc=1&total=7&am...



Kr
Jens