Statement re Investment

Eurovestech PLC
19 August 2003


                                                                 19 August 2003

                         Eurovestech Plc ('Eurovestech')

                 Trading Update re Mykindaplace Limited ('MKP')


Eurovestech is pleased to report that MKP, the UK's leading online magazine for
teenage girls, has secured a substantial two year deal with BSkyB (Sky), whereby
MKP will provide content and other commercial services to enable Sky to fully
commercialise their interactive platforms.


MKP has enjoyed strong trading in recent months reaching profitability in June
2003 and is forecasting continuing strong revenue growth.


Eurovestech owns 5.3 per cent. of MKP's fully diluted share capital at a cost of
£433,000.


Richard Bernstein, Chief Executive of Eurovestech commented, 'The Sky contract
is important in that it brings significant new revenues streams outside MKP's
established activities. We look forward to MKP's future with confidence.'



Further enquiries:



Eurovestech plc



Richard Bernstein
Chief Executive                                              Tel: [phone]


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