Update on investments

Brainspark PLC
21 November 2005




FOR IMMEDIATE RELEASE                                           21 November 2005

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

                             Update on Investments

Investment in Geosim Systems Limited ('Geosim')

Further to the announcements of 26 October 2005 and 11 August 2005, Brainspark
now announces that, together with Geosim and the other shareholders in Geosim,
the Company have entered into a convertible loan agreement with CRASH Ventures
LLC, a US private equity firm, (the 'Firm') (the 'Geosim Agreement'), a Oregon
limited liability company.

EasyArt acquires WorldGallery assets and appoints new CEO

Rachel Elnaugh, former chief executive of Red Letter Days and panellist on
BBC2's Dragons' Den, has been appointed CEO of Easyart.com, the UK's leading
online art and framing retailer (www.easyart.com). Brainspark holds an 19%
equity position in the company.

Ms Elnaugh, 40, will have the opportunity to acquiring up to 20% of the business
through a mix of personal investment and share options. She takes over from
founder Simon Matthews, who will continue to work with the company as an
advisor.

Easyart.com have announced the acquisition of rival art portal
Worldgallery.co.uk. for a consideration of 27,539 new Easyart Holdings Ltd D
shares, valuing the acquisition at £ 137,395 or £5.00 per share.

Following the issue of the new shares, Brainspark will own 54, 690 Easyartshares
representing 17.6% of the total Easyart share capital.





                      This information is provided by RNS
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