Investee sale, China update

Brainspark PLC
28 November 2007


For immediate release                                           28 November 2007


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

             Brainspark nets profit from Fortune Cookie share sale

                     Update on China IPO Group and Placing


Brainspark has agreed to sell its 29.4% holding in Fortune Cookie (UK) Limited
('Fortune Cookie') - a  company engeaged in the development, marketing and sale
of information technology services.

Brainspark's 29.4% stake in Fortune Cookie is being sold to the agency under the
provisions enabling a company to buy back its shares out of capital. Brainspark
is due to receive £300,000 cash on or before 31st December, 2007 and £300,000 at
the end of 2008.

Fortune Cookie has been successful over the past few years and is purchasing the
shares from its own cash balances. The agency continues to be debt-free and
profitable.

Brainspark plans to use the proceeds as additional working capital. Under
certain circumstances, Brainspark may also have the right to share in the gain
from future growth in the value of Fortune Cookie over the next seven years.

In the Brainspark accounts, the book value of Fortune Cookie is £193,000. The
transaction will therefore generate a profit of £203,000 for the current 2007
Brainspark fiscal year. However, because of Brainspark's substantial level of
carried-forward losses, the deal will not result in a tax charge.

'We are pleased about this transaction and we will use the proceeds for other

investments, and for the international growth of the Company,' says Francesco
Gardin, Chairman of Brainspark. 'It is gratifying that we have been able to
negotiate a continuing participation in the future value of Fortune Cookie,
which could be significant. The company is now in its 10th year of business and
continues to grow. We recognise the market potential of Fortune Cookie's
services and wish them every success in the future.'

Justin Cooke, Managing Director of Fortune Cookie, commented: 'We have enjoyed
the support of Brainspark and are delighted to have delivered investment return
back to them. To have made this purchase from our cash reserves makes a positive
statement about the capabilities of the team here at Fortune Cookie.'

Brainspark is currently engaged in a fund raising exercise for its Jersey based
company China IPO ('the Placing'). China IPO holds three agreements with Science
Parks in Xi'an International Business Park, Tianijn International Business Park
and Tianjin Incubator Center which entitle it to take investments in any of the
800 companies as they develop and in some cases prepare for an IPO themselves.
Early indications concerning the fund raising are encouraging. In the event of a
successful fund raising Brainspark interest in China IPO will fall to
approximately 25%.

Three directors intend to subscribe for new ordinary shares under the Placing,
on the same terms as all other investors in the Placing, at 100 p per share, and
to the total values as follows. The resultant percentage of the shares held by
each Director will not be known until the placing is completed but will not
exceed 0.68% of the share share of China IPO for each Director:

+-----------------+-----------------+-----------------+-----------------+
|Name             |Number of Placing|Value of Placing |                 |
|                 |Shares           |Shares           |                 |
+-----------------+-----------------+-----------------+-----------------+
|Francesco Gardin |25,000           |£25,000          |                 |
+-----------------+-----------------+-----------------+-----------------+
|Dennis Bailey    |25,000           |£25,000          |                 |
+-----------------+-----------------+-----------------+-----------------+
|Edward Burman    |25,000           |£10,000          |                 |
+-----------------+-----------------+-----------------+-----------------+



For information please contact:

Francesco Gardin, Brainspark plc on 00 39 335 296573
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

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                      This information is provided by RNS
            The company news service from the London Stock Exchange