Statement re Press Comment

Brainspark PLC
24 July 2000

                               BRAINSPARK plc
         BRAINSPARK CONFIRMS TALKS TO CREATE NEW TRANSFORMATION FUND

With regard to the reports in Sunday's press, Brainspark plc, the
incubator focussed on creating and developing Internet-related
businesses, confirms that it is in talks with Diamond Technology Partners
and other parties regarding the creation of a new transformation fund.
Further details of this development will be released shortly.


Further Enquiries:

Brainspark (020 7843 6600)
David Hart

Citigate Dewe Rogerson (020 7638 9571)
Martin Jackson / Charles Vivian


This press release, for which Brainspark plc is alone responsible, has
been approved by J. Henry Schroder and Co. Limited ('Schroders') solely
for the purposes of section 57 of the United Kingdom Financial Services
Act 1986. Schroders, which is regulated by the Securities and Futures
Authority Limited, is acting only for Brainspark plc in connection with
this transaction and no one else and will not be responsible to anyone
other than Brainspark plc for providing the protections afforded to its
customers nor for providing advice in relation to the proposed
transaction. This press release does not constitute an offer of
securities for sale into the United States.  Shares of Brainspark plc may
not be offered or sold in or into the United States.