£35m Raised Via Share Placing

NewMedia SPARK PLC
25 November 1999

                              
     NewMedia SPARK raises £35 million via share placing


NewMedia  SPARK  plc  ('SPARK') is  pleased  to  announce  a
successful  placing of 60 million new ordinary  shares  with
institutional  and other investors at a  price  of  60p  per
share. Peel Hunt is broker to the issue. The net proceeds of
the  placing,  which  has  been over-subscribed,  amount  to
approximately £35.4 million and will enable SPARK to  expand
substantially  the scale of its activities in  investing  in
early stage Internet companies.  The new ordinary share will
rank  pari passu in all respects with the existing  ordinary
shares of SPARK.

Application has been made for admission of the new  ordinary
to  trading on AIM.  Trading in the new ordinary  shares  is
expected to commence on Wednesday 1 December 1999.

Commenting  on the placing Michael Whitaker, CEO  of  SPARK,
stated:

'We  are  pleased by the success of this placing, which  has
primarily   gone   to  a  range  of  leading   institutional
investors.   The  funds  raised will  enable  a  substantial
increase in the scale of our activities; consistent with our
goal  of  building  the  leading  quoted  European  Internet
Investment  Company.   We  are  at  present  receiving   and
reviewing   a   very   significant  number   of   investment
opportunities, many of which are of a high quality.

Our  goal  is to build a portfolio of investments  in  early
stage companies operating in key areas of the Internet.  The
introduction of broadband Internet access technologies  over
the  next 12-24 months will open up substantial new  markets
for  a wide range of Internet businesses in areas as diverse
as  'rich'  content  providers, B2C  and  B2B  transactional
platforms,    inter-active    entertainment,     and     web
infrastructure software.  We believe that we have one of the
largest and most credible teams in Europe investing in  this
area,  and we intend to build our team significantly in  the
months ahead.  We also intend to build upon our already wide-
ranging   network  of  contacts  and  co-operative  partners
amongst  other  Internet  venture capital  firms,  financial
institutions and larger Internet industry companies.

The   Internet  is  already  beginning  to  transform   many
industries,  and  we  believe that the social  and  economic
changes  that  will  be brought by the  development  of  the
Internet  over  the  next few years will  be  profound,  and
unprecedented.  We are excited by the prospect of playing  a
leading part in these developments.'


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For further information please contact:

NewMedia SPARK                     0171 887 4510
Michael Whitaker                   0468-555944

Buchannan Communications
Tim Anderson/Lisa Baderoon         0171-466-5000

Peel Hunt & Company
David Davies                       0171-418-8900