Strategic Investment

Cube8.com PLC
15 May 2000


                CUBE8.COM PLC ACQUIRES 14% OF DYNAMID LIMITED                 
                    WITH OPTIONS TO INCREASE STAKE TO 25%                     


Cube8.com (www.cube8.com), the AIM-quoted internet incubation and investment
company which also provides strategic management consulting and technology
services, is pleased to announce that it has acquired a 14% stake in Dynamid
Limited. Cube8.com also has options to increase its stake in Dynamid to 25%
within 12 months. Dynamid is in talks with several substantial logistics and
retailing companies with regard to alliances and a further substantial round
of funding. 

Via a network of 'intelligent' delivery boxes, London-based Dynamid
(www.dynamid.com) will offer a unique solution to allow unattended receipt and
despatch of goods for both businesses and consumers.  The storage boxes will
allow deliveries or collections to be made 24-hours a day, with access via a
patent pending secure code generation system.  Users will be notified of
deliveries and collections via email and mobile messaging.

The technology promises to greatly enhance existing fulfilment systems, which
to date have failed to solve the problems with the final stage of the delivery
process.  The technology will reduce the number of wasted journeys by delivery
vans, and also allow delivery companies more flexibility in arranging their
routes and schedules.  Domestic consumers have typically tended to prefer the
same early evening delivery slots for groceries and other items - the Dynamid
technology will also help solve this problem.

Dynamid plans a London trial of a complete range of delivery solutions
designed to sit outside homes, in the workplace or at public-access locations
such as railway stations. Dynamid is expecting to start commercial
installations within 3-6 months and expand the business across Europe and
beyond during 2000-2001.

This investment fits into the enabling technology part of the Cube8.com
portfolio, and also has a bricks and mortar element with the physical
installation of the Dynamid delivery systems.

Commenting on the investment, Tim Dean-Smith, Chairman and Chief Executive of
Cube8.com said, 'The Internet has transformed how people purchase goods making
it quick and simple to order on-line.  The problem is that you've still got to
wait at home for delivery.  Dynamid's technology will make the delivery as
easy as the order, and that's good news for consumers, e-commerce companies,
and the companies making the deliveries. There is a huge market for this
technology.'

Dan Turner, CEO of Dynamid, said, 'We chose Cube8.com as a strategic investor
due to their expertise and contacts in the e-commerce arena.  Access to this
invaluable resource will provide us with a competitive edge as we roll the
business out across Europe.'

John Winfield, Finance Director of Cube8.com, will join the board of Dynamid
as Finance Director with immediate effect. 

  

For further information, please visit the investor relations section of the
Cube8.com website site at www.cube8.com, or contact

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

Dynamid Limited                                         Tel: [phone] 
Dan Turner, Chief Executive
E-mail: [e-mail] 

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


Note 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.com 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. 

Dynamid was formed in 1999 as a provider of commercial solutions to improve
the reliability of business-to-business and business-to-consumer delivery
services.  The company is focused upon network-based systems that can be used
to ensure the security of unattended receipt and despatch of goods.