Offer Update

NewMedia SPARK PLC
21 November 2000


       Recommended Offer by Peel Hunt plc on behalf of New.Media SPARK plc
                            for Internet Indirect plc

            First closing date - Offer declared wholly unconditional

The  board  of SPARK announces that by 3.00 p.m. on 20 November 2000, the  first
closing date of the Offer, SPARK had received valid acceptances in respect of  a
total  of 257,875,271 Internet Indirect Shares (representing approximately 80.58
per  cent.  of the existing issued ordinary share capital of Internet Indirect).
At  the  extraordinary  general meeting of EO, held  on 14  November  2000,  EO
Shareholders approved the issue of the EO Shares offered in connection with the
Offer. Accordingly, the Offer has been declared wholly unconditional. The  Offer
will  remain  open  for  acceptance and the Mix and Match Election  will  remain
available until further notice.

The acceptances referred to above in respect of Internet Indirect Shares include
acceptances  in  respect of shares for which SPARK, prior to making  the  Offer,
received  irrevocable undertakings to accept the Offer. Such  undertakings  were
given  by  certain  of  the directors of Internet Indirect  and  other  Internet
Indirect  Shareholders  in respect of a total of 78,094,383  Internet  Indirect
Shares  (representing approximately 24.4 per cent. of Internet Indirect's issued
ordinary  share  capital).  SPARK has now received  acceptances  in  respect  of
60,269,103 of these Internet Indirect Shares.

Neither  SPARK,  nor  any person acting in concert or deemed  to  be  acting  in
concert  with  SPARK,  held any Internet Indirect Shares  (or  rights  over  the
shares) prior to the commencement of the Offer period or has acquired or  agreed
to  acquire any Internet Indirect Shares (or rights over such shares) during the
Offer  Period and no acceptance of the Offer has been received from  any  person
acting in concert with SPARK.

The  above  acceptances include acceptances of the basic terms of the  Offer  in
respect  of  72,560,315 Internet Indirect Shares, elections under  the  Mix  and
Match  Election  for additional SPARK Shares in respect of 178,632,767  Internet
Indirect Shares and elections under the Mix and Match Election for additional EO
Shares in respect of 6,682,189 Internet Indirect Shares.

Certificates in respect of the new SPARK Shares and new SPARK Warrants  will  be
posted to Internet Indirect Shareholders who have validly accepted the Offer and
who held their Internet Indirect Shares on 20 November 2000 in certificated form
within 14 days of the date of this announcement. CREST accounts will be credited
within  14 days of the date of this announcement in respect of Internet Indirect
Shareholders  who have validly accepted tile Offer and who held  their  Internet
Indirect  Shares  on  20 November 2000 in uncertificated form.  Certificates  in
respect  of the EO Shares will be posted to Internet Indirect Shareholders  (who
have   validly  accepted  the  Offer)  within  14  days  of  the  date  of  this
announcement.

Application  has  been made for up to 176,773,557 new SPARK  Shares  and  up  to
42,039,997 new SPARK Warrant (being the maximum number of new SPARK Shares and
new SPARK Warrants which could be issued as consideration for the acquisition of
the Internet Indirect Shares) to be admitted to AIM.

Of  the  176,773,557  new  SPARK  Shares  and  42,039,997  new  SPARK  Warrants,
106,517,529 shares and 25,787,525 warrants (being the consideration  in  respect
of the 257,875,271  Internet Indirect Shares for which valid  acceptances  were
received  by  3.00 p.m. on 20 November 2000 and/ or for which elections for 
additional  SPARK Shares have been made under  the  Mix  and  Match Election) 
have been allotted subject to their admission to  AIM,  which is  expected  to 
take place on 22 November 2000. The new  SPARK  Shares will  rank  pari passu
with the existing SPARK Shares in issue  and  the new  SPARK  Warrants will be
issued on the same terms  as  the  existing SPARK Warrants.

The  expressions  used in this announcement shall,  unless  the  context
otherwise  requires,  bear the same meanings as set  out  in  the  Offer
Document dated 30 October 2000.

        Enquires:

        SPARK        Joel Plasco    Telephone: [phone]

        Peel Hunt    David Davies   Telephone: [phone]

The  directors  of  SPARK  accept  responsibility  for  the  information
contained  in  this announcement. To the best of the  knowledge  and  on
behalf  of such directors (who have taken all reasonable care to  ensure
that  such  is the case), the information contained in this announcement
is  in  accordance with the facts and does not omit anything  likely  to
affect the import of such information.

Peel  Hunt is acting exclusively for SPARK and no one else in connection
with  the  Offer and will not be responsible to anyone other than  SPARK
for  providing the protections afforded to customers of Peel Hunt  nor
for  giving  advice in relation to the Offer, Peel Hunt is regulated  by
The  Securities  and  Futures  Authority  Limited  for  the  conduct  of
investment business in the UK.