Minority Stake Taken in Funplanet.com

NewMedia SPARK PLC
17 February 2000



                     NewMedia SPARK
       invests SEK 12,000,000 for a minority stake
                    in Funplanet.com


NewMedia Spark plc ('SPARK2) announces that it has agreed
to  invest SEK 12,000,000 (approximately £870,000) for  a
minority stake in Funplanet.com ('Funplanet'). This  will
be  SPARK's first investment in Sweden, and its second in
the  Nordic  region. Funplanet, based  in  Stockholm,  is
Sweden's  number one entertainment site and qualifies  as
one  of  Sweden's  ten  most visited websites.  Funplanet
offers  online  games  and  entertainment  which  provide
sophisticated   marketing  solutions  for   its   on-line
business clients enabling them to reach large numbers  of
visitors  with co-branded entertainment. The  java  games
are modular and portable and can therefore be supplied as
interactive  content to all major ISPs and  portals.  The
company  is  exploring distribution of its  products  via
Interactive TV and mobile devices.

The  company will use the funds to launch in the  UK  and
will  work with Spark and Result Venture Knowledge  on  a
full  European expansion later in the Spring. Jakob Kinde
of  NewMedia  Investors will take a seat  on  the  board.
Result  bring  significant experience  in  the  expansion
process  having assisted a number of internet  businesses
in  their  European expansions, including  Dressmart  and
Sportus. Funplanet's founders, Peter and Mikael Sandberg,
previously held senior positions at Bonnier Online  (part
of the Bonnier Group which is Scandinavia's largest media
company) where they founded Funplanet in 1996.

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

'We are pleased to be investing in Funplanet, whose games
and  entertainment content is already proving  to  be  an
important  marketing aid to a growing number  of  on-line
businesses. This is an innovative and compelling  use  of
the  Web,  and  as  a proven service  in  Sweden  it  has
excellent   potential  to  be  rolled  out   into   other
geographical  territories. We are presently investigating
a  number  of  further  investment opportunities  in  the
Scandinavian region.'

We  are  presently  investigating  a  number  of  further
investments in the Nordic region, where we have developed
strong  contacts and where we are impressed by  the  high
quality and technologically forward looking nature of the
investment  opportunities available. The  combination  of
our  strong  UK  presence  and  experience  in  financial
markets  presents a compelling reason for such  companies
to  choose  SPARK as an investment partner, and  we  look
forward to further strengthening our Nordic presence.'

Funplanet.com  is  the sixteenth investment  by  NewMedia
SPARK  since  its shares began trading on the Alternative
Investment  Market on 28th October 1999. SPARK's  present
portfolio   (in  which  it  has  invested  a   total   of
approximately £12m), comprises sharheoldings  in  Digital
Animations   Group,  Bridge4u,  Linkguard,  Watchmyprice,
Skillvest,   Firebox,  Crocus,  Mergermarket,  Synaptics,
Purple  Voice, Travelstore, Rainbow Network,  Clipserver,
and   Wireless   Commerce  Limited.  In   addition,   one
investment,  easier! Plc, has been sold for a  profit  of
£2.75m.  The  present  breakdown by category  of  SPARK's
investment portfolio is as follows:

Internet infrastructure software        5
B2B                                     5
Content                                 3
B2C                                     2

_________________________________________________________

For further information, please contact:

NewMedia SPARK
Michael Whitaker                           0171 887 4510

Buchanan Communications
Tim Anderson / Lisa Baderoon               0171 466 5000

Peel, Hunt & Company Limited
David Davies                               0171 418 8900






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