Acquisition of Interest

Cube8.com PLC
10 August 2000

                                                                              
                CUBE8 SETS UP ANTIQUES PORTAL WITH JANE BROWN                 

Cube8, the new media and technology incubator, announced today that it has
taken an initial stake of 60% in Antique Street, a B2B2C antiques portal and
trading community that is set to launch in October 2000.  Jane Brown, who
provides editorial to QXL.com and has 12 years of antiques experience through
Sotheby's and Bonhams, will run the company. The company's web site has
already been soft-launched.

Antique Street (www.antiquestreet.co.uk) will use technology developed by
another Cube8 incubatee, Web Street (www.webstreet.co.uk) further reinforcing
Cube8's strategy for synergy between its portfolio of incubatees. 

The investment was secured for £60,000 and will utilise Web Street's low-cost
shop building service to help antiques shops gain a web presence. All shops
will be grouped into the Antique Street portal, which will be further
developed to encourage confident buying by 'high spend' individuals on the
Internet. 

Antiques dealers will have the option to use a limited service for free,
enabling Antique Street to grow quickly in a relatively underdeveloped sector
of the luxury goods market. Individual dealers will have access to a world
wide audience and an opportunity to develop 'buying public' contact lists -
large contact lists traditionally being the much guarded preserve of
International auctioneers.

Jane Brown has been actively involved with the antiques trade for the past 12
years. Following training as part of the client service team at Sotheby's she
went on to become Head of the European Ceramics & Glass Department at Bonhams.
Since leaving Bonhams she has been dealing in 18th Century European porcelain
and has been a consultant on live auction and valuation services on the
Internet. In addition, Jane is a member of the European Ceramics Vetting
committee for the prestigious Olympia Fine Art & Antique Fairs.


Jane Brown is one of the few auctioneers to have transferred over from bricks
and mortar to the Web enabling her to see both sides of the antiques trade.

'Antiques dealers have been slow to discover the benefits of exposure to the
buying public on the Internet. At Antique Street we hope to address this.
Customers buying from dealers don't pay commission and taxes charged at
auction houses, so customers prefer buying from dealers. By getting more
dealers online in an aggregated environment we can increase their exposure to
a wider customer base while making buyers' search for antiques easier.'

Commenting on the investment, Tim Dean Smith, Chairman and Chief Executive of
Cube8 said, 'We are steadily fulfilling our aim of building our portfolio to
encompass companies which can offer synergy to each other whilst offering
practical and real benefits to the online or technology markets. The UK is the
hub of the international antiques trade and Antique Street is well placed to
attract the tens of thousands of dealers in the UK who recognise that there
are benefits to having a worldwide presence. These dealers may not have the
resources -  financial or otherwise - to set up their own service and Antique
Street can offer them a safe environment and marketed community.'


For further information, please contact:

Cube8.com plc                                          Tel: [phone]
Tim Dean-Smith, Chairman & Chief Executive
E-mail: [e-mail] 

Issued by:

Bankside Consultants Limited                           Tel: [phone]
Henry Harrison-Topham / Julian Bosdet
E-mail: [e-mail]  / [e-mail] 

Notes to editors: 

Cube8.com plc is a technology focused incubator and investment company,
principally established to identify, invest in, and grow start-up businesses
within the Internet, media and technology sectors. 

Cube8 provides marketing, sales channels and contacts for US based business
looking to expand into Europe and also for European businesses looking to
expand to other parts of the world. The company's shares started trading on
the Alternative Investment Market (AIM) of the London Stock Exchange on 28th
February 2000.

Antique Street is headed up by Jane Brown, formerly Managing Director of
ibidlive.com the live Internet, telephone and TV auction company and prior to
that, Head of the European Ceramics and Glass Department at Bonhams
Auctioneers, London. 

The company was set up in April 2000 with its headquarters in London, the
center of the British Art & Antiques market.  Antique Street aims to become
the main provider of online services to the antiques trade. 

Antique Street has partnerships with online payment processing companies
Netbanx and World Pay, and has been issued with a secure server certificate by
Thawte.

The creation of Antique Street was borne out of Cube8's philosophy of
maximising synergies between its portfolio companies, the identification of a
space in the market currently unoccupied plus Jane Brown's contacts and
experience in the antiques trade.