£1.1m Investment in Jetweb

NewMedia SPARK PLC
23 February 2000

                              
      NewMedia SPARK invests £1.1 million in Jetweb.se
                              
NewMedia SPARK plc ('SPARK') announces that it has agreed to
invest SEK 15,000,000 (approximately £1,100,000) for  a  30%
stake  in Jetweb.se ('Jetweb'), an online youth travel agent
based  in Stockholm.  Jetweb is SPARK's third investment  in
the Nordic region in recent weeks.

Jetweb  is  an  internet-based travel  market  where  travel
companies  can  sell  excess capacity to  youth  travellers.
Jetweb  sells  non-restrictive  one-way  airfares  using   a
flexible  pricing model to secure a minimum of  restrictions
and  the  lowest possible price to its customer.   To  date,
Jetweb  has negotiated special fares contracts with  several
major airlines including Ryanair, KLM and BA, and is already
operational  in  Sweden  where it is selling  a  substantial
number  of  tickets.   Jetweb also sells  inexpensive  hotel
accommodation  and  plans  to include  other  travel-related
products such as tickets to major events.  Jetweb is one  of
only two Swedish online travel agents with full IATA rights.
The  monies raised through this investment will be used  for
marketing and international expansion.  Jetweb plans to roll
out  its products to over 15 European markets starting  with
the  Nordic  region and the UK.  In the near future,  Jetweb
also  plans to target other market segments including Senior
Citizens and SME business travellers.

Commenting  on  the  investment, Michael  Whitaker,  CEO  of
SPARK, said:

'We  are  very  pleased  to  have  had  the  opportunity  of
investing  in Jetweb. Although the online travel  market  is
becoming  increasingly competitive, we  are  confident  that
Jetweb  will achieve its growth targets, principally because
of  the management's industry experience, which we have been
extremely  impressed with, but also because  this  view  has
been   confirmed  by  major  airlines.  Furthermore,  online
competition  in  this  specialist  segment  from   airlines,
existing youth travel agents and other online travel  agents
is  limited.   In terms of market potential, the  youth  air
travel market is one of the most rapidly growing sectors  of
the market.

'We   are   presently  investigating  a  number  of  further
investments  in  the Nordic region, and we look  forward  to
further strengthening our presence in these markets.'
Per Hultman, CEO and Co-founder of Jetweb, said:

'We  chose  SPARK as a key strategic investor due  to  their
extensive  skill  sets  and contact  base  in  the  Internet
market.   We  firmly  believe that  they  will  be  able  to
contribute  with  Internet  know-how  and  experience   from
financial   markets  and  help  us  with  our  international
expansion'.

Jakob Kinde, Head of Nordic operations at NewMedia Investors
Ltd, will join the Jetweb board on behalf of SPARK.

Jetweb is the seventeenth investment by NewMedia SPARK since
its  shares  began  trading  on the  Alternative  Investment
Market on 28th October 1999.


For further information:

-    Mike Whitaker: NewMedia SPARK 
     Tel No:  [phone]

-    Lisa Baderoon: Buchanan Communications 
     Tel No: + 44 171 466 5120