Further funding for investee

Brainspark PLC 22 February 2007 For Immediate Release 22 February 2007 Brainspark plc ('Brainspark' or the 'Company') Investee company, Metapack Limited ('Metapack') secures further funding Further to the announcement of 31st July 2006 when Brainspark had taken part in the £250,000 round of financing in Metapack Ltd, the leading UK provider of delivery software for multi-Channel home delivery, Brainspark is today announcing that Cotterford, an investment company in the UK, have subscribed £ 400,000 for an issue of new shares repesenting 17.78 per cent. of the enlarged issued share capital. Brainspark holds 30,000 shares in Metapack, which represented 10.58% pre-investment and 8.23% post investment. MetaPack already provides software solutions to leading retailers such as John Lewis, B&Q, Boots, Dixons, PCWorld and Comet and will continue to benefit from internet driven growth in home delivery. In addition, MetaPack sees significant growth potential in providing 'software as a service' using an ASP architecture and therefore intend to target medium-size companies in retail and non-retail who currently use proprietary carrier management. systems.The new investment will support ASP development and marketing. For information please contact: Francesco Gardin, Brainspark plc, telephone: 00 39 335 296573 Roland Cornish, Beaumont Cornish Limited, telephone: 020 7628 3396 This information is provided by RNS The company news service from the London Stock Exchange
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