Re Directorate

Cube8 Group PLC
20 July 2001

Press release

Cube8 CEO becomes non-executive director

Brian Hindson has resigned as chief executive of The Cube8 Group, but will
remain as a non-executive director.  His position will be taken over by Tim
Dean-Smith, who shall also remain as chairman of the company.

Mr Hindson joined Cube8 from the British Red Cross, where he was deputy chief
executive.  He has extensive experience in large organisations and specialises
in strategy, business planning and change management. After recent cost
cutting, Cube8 now employs fewer than 15 full time people, and Mr Hindson felt
that the company could no longer justify keeping him.

'As I said in the Annual Report, we have had to respond to the market
conditions by watching our costs and controlling the operational outgoings.
In my time here I have managed to get our net monthly burn down from over £
200,000 to the current forecast of £41,000.

'The companies in our portfolio need time to mature, so I have actively been
working to cut costs to prolong the life of the business.  As a result, it
became clear to me that my skills were no longer suited to Cube8's needs, and
that my salary was contributing significantly to the company's outgoings.'

Stephen Masters, co-founder of the company, is to become chief operating
officer with immediate effect, handling internal operations while Mr
Dean-Smith continues to work with the portfolio companies.

Tim Dean-Smith said, 'This was a hard decision for Brian to make.  He has done
a great job during his time with Cube8, and he will make an excellent
non-executive director.  We will miss his day to day input, and wish him all
the best in finding his next position.'

The board now comprises the following members:

For more information contact Paul Munford on 020 7479 2787 or [e-mail]

Notes to editors:

* Cube8 is a consultancy and investment company that provides financial and
intellectual capital to accelerate start-up and early-stage businesses. The
company has stakes in Freeloader.com, Unmissable.com, BorisCommerce.com,
Harden's, ByBox Holdings, Room Service Deliveries, Articulate Ads, Blue
Carrots Plc, Corex Networks, Mailtrack, Itchy Media and The Sticks.