Investment

NewMedia SPARK PLC
16 June 2000


              Further valuation uplift at SPARK

NewMedia  SPARK  plc ('SPARK') is pleased to  announce  that
another   of   its   investee  companies,   LinkGuard,   has
successfully  completed a £5m second round funding.    SPARK
has invested a further £400,000 in this latest funding round
for  LinkGuard,  which was lead by Quester  and  which  also
brought in GE Equity and Initiative et Finance as investors.
This  latest  funding  round was at a  valuation  uplift  of
approximatelyover 2.53 times the valuation  on  which  SPARK
invested  an  initial £600400,000 seed funding in  LinkGuard
late last year for a 15% stake.

LinkGuard  has  developed  unique  software  and  systems  a
systems  architecture that identifiesy  and  repairs  broken
links in web sites. The problem of broken links is estimated
to  affect  25%  of all web pages worldwide. SPARK  believes
that  there is a very substantial market in addressing  this
infrastructure problem, and that LinkGuard is in  a  leading
position in this area.

Commenting on this latest funding Michael Whitaker,  CEO  of
SPARK, said:

'We  are  pleased  to be joined by Quester,  GE  Equity  and
Initiative  et  Finance  in this latest  funding  round  for
LinkGuard. The funds will enable LinkGuard rapidly to  scale
up  its  operations and re-inforceestablish its a leadership
position in the very large potential market for dealing with
the  growing  broken links problem in on the worldwide  web.
LinkGuard  is  an exciting business and this latest  funding
illustrates  that,  as we commented in  our  recent  results
statement,  there is no shortage of venture capital  funding
for strong technology businesses.'

_________________________________________
For further information, please contact:

Michael Whitaker - NewMedia SPARK            020 7851 7777

Tim  Anderson / Isabel Petre - 
Buchanan Communications                      020 7466 5000


Notes to Editors

NewMedia  SPARK  plc, listed on the London Stock  Exchange's
Alternative  Investment Market, is one of  Europe's  leading
listed  technology and Internet investment companies.  Since
November  1999, SPARK has invested a total of  £130m  in  39
investments.

SPARK  is building a portfolio of investments in early-stage
companies in the UK, Scandinavia and elsewhere in Europe and
the   United   States.  Based  principally  in  London   and
Stockholm, SPARK has one of the largest and most experienced
teams in Europe, with skills ranging from investment banking
to  active involvement in the formation and running  of  new
media companies.

SPARK's  portfolio  spans the following  sectors:   Internet
transaction  platforms, Interactive entertainment,  Wireless
infrastructure  and applications, Web infrastructure  tools,
Internet content and commerce.

About Quester

Quester is an independent venture capital firm which invests
funds  raised from institutions and individuals  in  private
companies.   Both  its institutional funds and  its  venture
capital  trusts  have  strong  track  records.   They  focus
particularly  on  growth  companies  in  sectors   such   as
information  technology,  software,  telecoms,  new   media,
leisure, healthcare and life sciences.

Quester  was founded in 1984 and has funds under  management
of  over  £200 million.  These include three venture capital
trusts - Quester VCT plc, Quester VCT 2 plc and Quester  VCT
3  plc - the University Challenge Funds for Oxford and  Bath
and Bristol Universities, the Isis College Fund, focused  on
technology  companies emerging from Oxford  University,  and
the  CGU  e-commerce  fund aimed at investing  in  financial
services companies.

Quester website: www.quester.co.uk