Surrender of Property Lease

Brainspark PLC
16 June 2003


                 BRAINSPARK PLC ('the Company' or 'Brainspark')

                          Surrender of property lease


The Company announces that on Friday 13 June it surrendered its lease of
premises at The Lightwell, Laystall Street, London EC1R 4PA ('The Lightwell') to
its landlord, Laystall House Limited ('LHL'). The existing lease was at an
annual rent of £534,000. The deposit held by LHL was forfeited and a reverse
premium of £330,000 was paid to LHL.

LHL has granted the Company a new lease of two floors at The Lightwell at an
annual rent of £170,000. The new lease is terminable by either the Company or
LHL after three years. LHL has an additional right to terminate the new lease on
two months notice.

The six companies in which Brainspark has an investment, who occupy office space
as short term licensees of the Company remain unaffected by the above
transaction.


16 June 2003

Further enquiries


Alberto Agosta, Brainspark                   00 39 335761 9996



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