Geosim financing update

Brainspark PLC
31 December 2007





For immediate release 31 December 2007


                 Brainspark plc ('Brainspark' or the 'Company')

Geosim Systems Limited ('Geosim') already secures $ 1,035,000 in a new $3M round
of financing.


Further to the announcement of 24 September 2007, Brainspark is today announcing
that GeoSim (www.geosim.co.il), the 3D city technology and modelling producer, in
which Brainspark has a holding, has raised already from investors in America
$1,035,000 (£520,579 ) of the current round of $3,000,000 (£1,508,925) at a
pre-money valuation of $22,000,000 (£11,065,452).

After the exercise of approved ESOP and post conversion by Crash LLC of their
options and 'Bonus Warrants' Brainspark fully diluted will be interested in
(39.53%) of GeoSim. On full subscription of the remaining $1,965,000 of the
current $3,000,000 (£1,508,925) round, the holding by Brainspark in Geosim will
be diluted to (34.7%).

At a GeoSim valuation of $22,000,000 (£11,065,452) Brainspark's (37.40%) equity
held in GeoSim is valued at $8,228,000 (£4,138,479). This alone is equivalent to
1.25p per share. The value of GeoSim in the books (Balance Sheet) of Brainspark 
is £1.83 million.

Geosim has developed a unique 3D city modelling technology. Applications include
urban planning and development, tourism, estate agency, law enforcement,
advertising, entertainment and the security and rescue services. The new
Philadelphia 3D online website is due for launch before year-end.





For further information please contact:

Brainspark plc 00 39 335 296573
Francesco Gardin

Beaumont Cornish Limited 0207 628 3396
Roland Cornish




                      This information is provided by RNS
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