Compulsory Acqn of Shares

NewMedia SPARK PLC 15 December 2000 NewMedia SPARK plc ('SPARK') Recommended offer (the 'Offer') for Internet Indirect plc ('Internet Indirect') Commencement of compulsory acquisition procedures Valid acceptances of the Offer have been received from shareholders in Internet Indirect amounting to over 90 per cent. in value of the shares in Internet Indirect to which the Offer relates. Accordingly, on 15 December 2000, Peel Hunt plc, on behalf of SPARK, despatched statutory notices under the provisions of section 429(4) of the Companies Act 1985 indicating that SPARK intends to exercise the powers conferred by that Act to acquire compulsorily on the terms of the Offer the remaining shares in Internet Indirect in respect of which valid acceptances have not been received by the expiry of the requisite notice period.
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