Investments

NewMedia SPARK PLC
23 May 2000

                              
           FURTHER POSITIVE FUNDING NEWS AT SPARK


NewMedia  SPARK is pleased to announce positive funding  and
upward  valuation  events at three more of its  investments.
Clipserver.com has announced that it will be joining the AIM
market  on 31st May following a £5.25m fund raising  at  70p
per  share.  SPARK  paid  £550,000  for  an  11%  stake   in
Clipserver  at  a price of 30p a share in February  of  this
year. At the 70p placing price SPARK's shareholding is worth
approximately  £1.28m, and in addition SPARK holds  warrants
to  subscribe for a further 916,667 shares at 30p  which  if
exercised  would  lead to a further profit of  approximately
£0.32m.

SPARK  also announces that a further funding round has  been
completed  at Pricerunner.com, the Scandinavian  intelligent
shopping agent business in which SPARK holds a 46% stake  as
a  result  of its acquisition of the Cell Ventures portfolio
in  February 2000. The terms of the funding are commercially
confidential  but include a significant external  investment
by Atle, a leading Swedish Private Fund, at a premium to the
value at which SPARK acquired its shareholding.

Finally, dealings on the AIM market are expected to commence
on  25th  May  in  e-comsport group plc,  following  an  £8m
placing  at  75p per share. Through its joint  venture  with
Olympic  Resources,  SPARK  has  an  economic  interest   in
approximately  1.08m  shares  in  e-comsport  which  at  the
placing  price would be valued at £810,000, approximately  a
60% uplift on SPARK's cost.

Commenting on these events Michael Whitaker, CEO  of  SPARK,
said:

'Notwithstanding recent market turbulence,  we  are  pleased
that  our  investee companies continue to  make  significant
progress.  These latest valuation events take the number  of
our  investee companies that have so far announced  external
valuation events to 9, out of our total portfolio of  direct
and  indirect investments of 39 companies. All have resulted
in  an  increased  valuation  over  SPARK's  original  cost,
several  very significantly so. These latest funding  events
illustrate  that  external funding is  still  available  for
quality  businesses  with  attractive  prospects.   We   are
presently  in  discussions regarding further funding  rounds
for  several  more of our investee companies,  and  all  are
progressing  well.  We shall be commenting  further  on  the
value of and outlook for our portfolio with the announcement
of  our  preliminary results for the period  to  31st  March
2000, which we expect to make within the week'.

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For further information, please contact:

NewMedia SPARK                                   020 7851 7777
Michael Whitaker

Buchanan Communications
Tim Anderson                                     020 7466 5000