Re Agreement

NewMedia SPARK PLC
26 April 2002

                               NewMedia SPARK plc

         Spuetz AG merges its warrant broking business with Kling Jelko

Spuetz AG ('Spuetz'), the German subsidiary of NewMedia SPARK plc ('SPARK')
announced earlier today that its has entered into an agreement to merge its
warrant trading and settlement business (Spuetz Boersenservice GmbH) with the
equity broking business of Kling Jelko Wertpapierhandelsbank AG ('Kling Jelko'),
a leading independent German stockbroking firm. Spuetz will own 50.1% of the
enlarged Kling Jelko, which is quoted on the Frankfurt Stock Exchange.

Spuetz believes that the merger of its warrant business with Kling Jelko will
create a larger and more diversified German stock and warrant broking business
with enhanced growth and profit potential. There are also significant
operational and cost benefits from merging the two businesses. This deal will
simplify the operating structure of Spuetz by placing its broking operations
into a separate quoted subsidiary and leaving the core Spuetz business able to
concentrate its resources on other investments.


For further information, please contact:

Michael Whitaker / Joel Plasco

NewMedia SPARK plc                    [phone]

Kling Jelko Wertpapierhandelsbank AG

Listed on the Frankfurt Stock Exchange in 1998, Kling Jelko is a leading
independent stockbroking firm. Its business units include equity trading,
preparation and realisation of IPOs, research and asset management. For more
information please see www.kling-jelko.de.


NewMedia SPARK plc

Listed on London's Alternative Investment Market, NewMedia SPARK plc is a quoted
European venture capital organisation focused on investments in the telecoms,
media, technology and financial services sectors. SPARK acquired a controlling
stake in Spuetz in September 2001. SPARK has operations in London, Stockholm and
Berlin. For further information see www.newmediaspark.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange