Interim Results

Newsplayer Group PLC
21 June 2001


                                                                 21 June, 2001

                             NEWSPLAYER GROUP PLC
          INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH APRIL 2001

Newsplayer Group plc, the new media company, today announces interim  results
covering the six months ended 30th April 2001.

Financial Highlights:

*   Turnover increased to £427,895, up 330% on the previous six months
*   Pre-tax loss was £559,093, a 79% improvement from £2.67 million in the
    previous reported period
*   Cash reserves were £5.5 million, giving a further two and a half years at
    current burn rate and scope for further content acquisition.

Recent Developments:

*   Distribution agreement with JVC (UK) Ltd. to supply the ucreatetv(TM)
    application and a 12-month subscription to Newsplayer.com with all JVC
    digital camcorders sold in the UK for minimum of 2 years.

*   Launched Frost.tv, joint venture with Sir David Frost providing video-on-
    demand access to 40 years of celebrity interviews, on- and off-line.

*   Acquired exclusive Internet rights to the 'Passport International'
    catalogue.  A unique collection of biographies of hundreds of Hollywood
    stars - from Humphrey Bogart and Lauren Bacall to Bruce Willis and Demi
    Moore.

*   Signed a 12-month distribution agreement with Freeserve Plus, the
    broadband portal, to share subscription fees and advertising revenue
    generated from promoting NPG properties to the Freeserve broadband
    community.


Commenting on the results, Paul Duffen, Chief Executive Officer, said:

'Newsplayer Group is growing successfully and, in addition to maintaining
tight control over our costs and concluding numerous partnership and
distribution deals, we have continued to build our business through the
acquisition of important new properties and the development of the ucreateTV
application.  This week's launch of Frost.tv and the acquisition of another
unique collection of compelling content in the Passport International
catalogue puts us well on our way to becoming a multi-property new media
company with strong and diverse revenue streams.

We will continue to look for further opportunities to secure distribution
deals and acquire unique content to complement our existing portfolio.'

Enquiries:

Paul Duffen, CEO                             21st June:  020 7404 5959
Barry Llewellyn, Co-founder                  Thereafter: 020 7927 6699
Newsplayer Group plc
                                             
Gavin Partington/Harry Chathli               Tel:        [phone]
Brunswick Group Ltd

Overview

NPG exploits rights and/or licences to television and cinema content using
interactive technology and markets them globally to B2B, B2E and B2C
platforms.

Revenues are generated from the licensing of content to third parties (B2B),
from the charging of subscriptions to schools and colleges for access to
bespoke educational products (B2E) and from pay-per-view and video-on-demand
fees from consumers (B2C).

Newsplayer's content portfolio includes 1000 hours of ITN and Reuters news
material, material from Columbia Sports News and Castle Films (Stock Video of
Boston), Universal News (The Alison Mercer Collection) and the Passport
International collection as well as hundreds of interviews conducted by Sir
David Frost (The Frost Collection).

The recently launched Frost.tv is a joint venture between NPG and Sir David
Frost.  The site is the definitive collection of landmark interviews by the
best-known television interviewer in the world, Sir David Frost.  Broadcasters
and programme makers around the world will be able to research and view the
material on line.

Financial Results

Revenues for the six months ended April 30, 2001 were £427,895, up from
£128,000 at the end of October 2000, a threefold increase.  Revenues were
generated from subscriptions to Newsplayer.com and licensing fees from
ucreatetv(TM) as opposed to being generated exclusively from Newsplayer.com
subscriptions at the end of October 2000.

The loss for the period was £559,093 down from £2.67 million in the previous
reported period.  This was largely due to significantly increased revenues
and a reduction in marketing expenditure as management focus has shifted to
the development of distribution and partnership deals and the acquisition of
new content.

Cash reserves at the end of the period were £5.5 million.  No dividend has
been paid or is proposed.

Outlook

NPG  has  secured  the  rights  to a significant  amount  of  unique  archive
television and cinema content and is well positioned to generate revenue from
the  emerging  new media market and software products over the  coming  year.
The  Board  of  Directors  remain confident that  the  Company  will  achieve
profitability during the first half of the 2002 financial year.

UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 APRIL 2001

Profit and loss account

                                             Six months     Period
                                             ended 30th    ended 31st
                                             April 2001    Oct 2000
                                            (unaudited)    (audited)
                                    Note                       £
Turnover                              2          427,895      128,225
                                                                     
Cost of sales                                       (95)        (439)
                                            ____________  ___________
                                                                     
Gross profit                                     427,890      127,786
                                                                     
Operating expenses                             1,161,936  (2,978,255)
                                            ____________  ___________
                                                                     
Operating loss                                 (734,036)  (2,850,469)
                                                                     
Net interest receivable                          174,953      176,348
                                            ____________  ___________
                                                                     
Loss on ordinary activities                    (559,093)  (2,674,121)
before taxation
                                                                     
Taxation                                               -            -
                                                                     
Loss on ordinary activities after              (559,093)  (2,674,121)
taxation                                    ____________  ___________
                                                                     
Loss per ordinary share - basic                    0.85p        4.65p
and diluted

No statement of total recognised gains and losses has been presented as there
are no recognised gains and losses other than the loss for the period.

Balance Sheet

                                             30th April    31st Oct
                                                2001         2000
                                            (unaudited)    (audited)
                                    Note         £             £
Fixed assets:                                                        
Intangible assets                                385,328      305,000
                                                                     
Tangible assets                                  189,972       57,828
                                                                     
Current assets:                                                      
Debtors                               3        1,691,027    1,797,282
                                                                     
Investments                                      500,000    5,100,000
                                                                     
Cash at bank and in hand                       5,053,730    1,771,646
                                                                     
Creditors due within one year                  (251,846)    (904,450)
                                                                     
Net current assets                             6,992,913    7,764,478
                                                                     
Net assets                                     7,568,213    8,127,306
                                            ____________  ___________

Capital and Reserves

                                                 £             £
Called up share capital               4          658,054      658,054
                                                                     
Share premium account                         10,652,759   10,652,759
                                                                     
Merger reserve                                 (509,386)    (509,386)
                                                                     
Profit and loss account                      (3,233,214)  (2,674,121)
                                                                     
Shareholders' funds                   5        7,568,213    8,127,306
                                            ____________  ___________

Cash Flow Statement

                                             Six months     Period
                                             ended 30th    ended 31st
                                             April 2001    Oct 2000
                                            (unaudited)    (audited)
                                    Note         £             £
Net cash outflow from operating       6      (1,181,042)  (3,737,829)
activities
                                                                     
Returns on investment and                        171,019      120,330
servicing of finance
                                                                     
Capital expenditure and financial              (307,891)    (312,282)
investment
                                                                     
Management of liquid resources        4        4,600,000  (5,100,000)
                                                                     
Financing:                                                           
Issue of ordinary share capital                        -   11,398,500
                                                                     
Expenses paid in connection with                       -             
ordinary share issues                                       (597,073)
                                                                     
Increase in cash                               3,282,086    1,771,646

Notes

1.  These interim results for the six month period ended 30 April 2001 are
     unaudited.  The financial information set out in the announcement does
     not constitute the company's statutory accounts for the period ended 30
     April 2001.

     The accounting policies are consistent with those applied in the
     preparation of the annual statutory accounts for the period ended 31
     October 2000.

     No  comparatives have been given for the corresponding six months of  the
     previous year as the reporting entity was not incorporated until 20 March
     2000.

     The  calculation  of  loss per share has been based  on  the  loss  after
     taxation  for  the period of 559,093 and the weighted average  number  of
     ordinary shares in issue during the period of 65,805,357.

     The directors do not recommend the payment of a dividend

2.   Turnover
     
     Turnover comprises subscription income for access to the newsplayer.com
     web site and licensing fees for software.

3.   Debtors

     Debtors includes amounts of £85,026 in respect of recoverable VAT and
     £929,685 in respect of prepaid advertising.

4.   Share Capital

                                             30th April    31st Oct
                                                2001         2000
                                                 £             £
Authorised:                                                          
90,000,000 ordinary shares of 1                  900,000      900,000
pence each
                                                                     
Allotted, issued and fully paid:                                     
65,805,357 ordinary shares of 1                  658,054      658,054
pence each

5.   Reconciliation of movement in shareholders' funds

                                             Six months      Period
                                             ended 30th   ended 31st
                                             April 2001    Oct 2000
                                                 £             £
Loss on ordinary activities after              (559,093)  (2,674,121)
taxation
                                                                     
Issue of ordinary share capital                                      
(net of issue costs)                                   -   10,801,427
                                                                     
Net addition to shareholder's                  (559,093)    8,127,306
funds
                                                                     
Opening shareholder's funds                    8,127,306            0
                                                                     
Closing shareholders' funds                    7,568,213    8,127,306

6.   Reconciliation of operating loss to operating cashflows

                                             Six months     Period
                                             ended 30th   ended 31st
                                             April 2001    Oct 2000
                                                 £             £
Operating loss                                 (734,046)  (2,850,469)
                                                                     
Depreciation                                      14,322        8,143
                                                                     
Amortisation                                      81,097      130,000
                                                                     
(Increase)/decrease in debtors                   110,188  (1,741,263)
                                                                     
Increase/(decrease) in creditors               (652,603)      715,760
                                            ____________  ___________
                                                                     
Net cash outflow from operating              (1,181,042)  (3,737,829)
activities                                  ____________  ___________

This Interim Report was approved by the Directors on 19th June 2001.

The  report will be sent to all shareholders and will be available to  members
of  the public from the Company's registered office at 12 Gough Square, London
EC4A 3DW and from the Company's website at www.newsplayer.com.