Offer Update

NewMedia SPARK PLC
11 September 2001

                                                             11 September 2001

NewMedia SPARK plc Announces Extension of Subsequent Offering Period

NewMedia SPARK plc (LSE: NMS) ('SPARK') today announced the extension of the
previously announced subsequent offering period in connection with the cash
tender offer to purchase all of the outstanding shares of GlobalNet
Financial.com, Inc. (Nasdaq: GLBN; LSE: GLFA) ('GlobalNet').

The subsequent offering period to the tender offer was previously scheduled to
expire at 5:00 p.m., New York City time, on Monday, September 10, 2001.
Pursuant to the extension, the subsequent offering period is now scheduled to
expire at 5:00 p.m., New York City time, on Wednesday, September 12, 2001.
Based on information provided by the depositary for the tender offer, at this
time 16,201,662 shares of GlobalNet common stock and 25,822,400 shares of
GlobalNet class A common stock have been validly tendered, representing
approximately 75% of the combined voting power of GlobalNet.

During the extended subsequent offering period, common stock and class A
common stock of GlobalNet will be purchased at a price of $0.45 per share of
common stock and $0.045 per share of class A common stock, net to the seller
in cash, without interest thereon.

If shares representing at least of 80.1% of the combined voting power of
GlobalNet are tendered before the expiration of the subsequent offering
period, GlobalNet Acquisitions (a wholly owned subsidiary of SPARK) intends to
exercise its option to purchase an additional amount of shares of GlobalNet
common stock so that following such exercise GlobalNet Acquisitions will own
shares representing at least 90% of the combined voting power of GlobalNet. In
such case, SPARK intends to complete the merger of GlobalNet Acquisitions with
and into GlobalNet under Section 253 of the Delaware General Corporation Law.

The terms of the offer and other relevant information are available through
public filings made by GlobalNet Acquisitions Inc. and GlobalNet at http://
www.sec.gov.

The information agent for the tender offer is MacKenzie Partners, Inc. For
additional information please contact MacKenzie Partners, Inc. at (800)
322-2885 (calling from inside the United States) or 00 800 3222 8851 (calling
from outside the United States).

The tender offer statement (including an offer to purchase, letter of
transmittal and related tender offer documents) and the solicitation/
recommendation statement filed with the SEC contain important information,
which should be read carefully before any decision is made with respect to the
offer. GlobalNet stockholders may obtain a free copy of the tender offer
statement and the solicitation/recommendation statement when it is available
and other documents filed by GlobalNet Acquisitions Inc. and GlobalNet with
the SEC at the SEC's Web site at www.sec.gov. The tender offer statement and
the solicitation/recommendation statement and these other documents may also
be obtained by GlobalNet stockholders without cost to them from MacKenzie
Partners, Inc.

Contacts:

Joel Plasco - NewMedia SPARK plc [phone]