AGM Statement

Brainspark PLC
01 August 2003


                         BRAINSPARK PLC ('Brainspark')


              AGM and allotment of share and warrants to Directors


Brainspark announces that all the resolutions put to members at the 2003 Annual
General Meeting on 31 July were passed.


In order to preserve cash resources and to demonstrate their own belief in
Brainspark's future, the Directors resolved on 31 July to use their contractual
remuneration in subscribing for equivalent equity in Brainspark or waiving their
rights to such contractual remuneration in consideration of the grant of
warrants over equity.


The Directors were offered a choice between using their contractual remuneration
in subscribing for ordinary shares of one penny each ('Shares') and waiving that
remuneration and receiving warrants exercisable into Shares ('Warrants'). The
Shares were allotted at 1.1 penny. The Warrants have an exercise price of 1.1
penny or 1.32 penny and exercisable within 3 years of grant. The current
mid-market price of the Shares is 1.1 penny.


The details issue of Shares and Warrants is as follows:-


Shares Warrants at 1.1 penny Warrants at 1.32 penny



F. Gardin                      1,659,091

A. Agosta                      2,527,273

E. Burman                        681,818

D. Caldwell*                   1,745,455

D. Meacher                     2,904,545
                        


*         Mr. Caldwell has assigned the benefit of the Warrants to funds with
which he is associated


Further enquiries:


Alberto Agosta, Brainspark                              020 78439838










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