Investment - Replacement

NewMedia SPARK PLC
16 June 2000

The issuer has advised that the 'Re Investment' announcement released at 07:00
on 16 June 2000 under RNS No 3475M, contained several typographical errors and
should be replaced.

The full corrected version is shown below.

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          Further valuation uplift at SPARK


NewMedia SPARK plc ('SPARK') is pleased to announce that
another of its investee companies, LinkGuard, has
successfully completed a £5m second round funding.  SPARK
has invested a further £400,000 in this latest funding
round, which was led by Quester and which also brought in GE
Equity and Initiative et Finance as investors. This latest
funding round was at a valuation uplift of over 3 times the
valuation on which SPARK invested an initial £400,000 seed
funding in LinkGuard late last year for a 15% stake.

LinkGuard has developed unique software and a systems
architecture that identifies and repairs broken links in web
sites. The problem of broken links is estimated to affect
25% of all web pages worldwide. SPARK believes that there is
a very substantial market in addressing this infrastructure
problem, and that LinkGuard is in a leading position in this
area.

Commenting on this latest funding Michael Whitaker, CEO of
SPARK, said:

'We are pleased to be joined by Quester, GE Equity and
Initiative et Finance in this latest funding round for
LinkGuard. The funds will enable LinkGuard rapidly to scale
up its operations and establish a leadership position in the
very large potential market for dealing with the growing
broken links problem on the worldwide web. LinkGuard is an
exciting business and this latest funding illustrates that,
as we commented in our recent results statement, there is no
shortage of venture capital funding for strong technology
businesses.'

_________________________________________
For further information, please contact:

Michael Whitaker - NewMedia SPARK            020 7851 7777

Tim Anderson / Isabel Petre - Buchanan Communications  
0207466 5000


Notes to Editors

NewMedia SPARK plc, listed on the London Stock Exchange's
Alternative Investment Market, is one of Europe's leading
listed technology and Internet investment companies. Since
November 1999, SPARK has invested a total of £130m in 39
investments.

SPARK is building a portfolio of investments in early-stage
companies in the UK, Scandinavia and elsewhere in Europe and
the United States. Based principally in London and
Stockholm, SPARK has one of the largest and most experienced
teams in Europe, with skills ranging from investment banking
to active involvement in the formation and running of new
media companies.

SPARK's portfolio spans the following sectors:  Internet
transaction platforms, Interactive entertainment, Wireless
infrastructure and applications, Web infrastructure tools,
Internet content and commerce.

About Quester

Quester is an independent venture capital firm which invests
funds raised from institutions and individuals in private
companies.  Both its institutional funds and its venture
capital trusts have strong track records.  They focus
particularly on growth companies in sectors such as
information technology, software, telecoms, new media,
leisure, healthcare and life sciences.

Quester was founded in 1984 and has funds under management
of over £200 million.  These include three venture capital
trusts - Quester VCT plc, Quester VCT 2 plc and Quester VCT
3 plc - the University Challenge Funds for Oxford and Bath
and Bristol Universities, the Isis College Fund, focused on
technology companies emerging from Oxford University, and
the CGU e-commerce fund aimed at investing in financial
services companies.

Quester website: www.quester.co.uk