Offer Update

NewMedia SPARK PLC
4 September 2001

4 September 2001


NewMedia SPARK plc Announces Completion of Tender Offer for GlobalNet
Financial.com and Commencement of a Subsequent Offering Period

NewMedia SPARK plc (LSE: NMS) ('SPARK') today announced that it has accepted
for payment all shares of common stock and class A common stock of GlobalNet
Financial.com, Inc. (Nasdaq: GLBN; LSE: GLFA) ('GlobalNet') validly tendered
and not withdrawn by midnight New York City time on Friday August 31, 2001.
According to information provided to SPARK by The Bank of New York, who is
acting as depository for the offer, preliminary results of the offer indicate
that shares representing approximately 71% of the combined voting power of
GlobalNet were validly tendered and not withdrawn. Specifically, 13,298,517
shares of GlobalNet common stock and 15,689,132 shares of GlobalNet class A
common stock have been tendered and Notices of Guaranteed Delivery have been
submitted for another 2,413,273 and 5,120,353 shares of common stock and class
A common stock, respectively.

SPARK further announced that it will provide a subsequent offering period of 5
business days for all the outstanding shares of common stock and class A
common stock of GlobalNet. The subsequent offering period begins Tuesday,
September 4, 2001 at 9:00 a.m. New York time and expires at 5:00 p.m. New York
time, on Monday, September 10, 2001. The offer initially expired at midnight
New York time, on August 31, 2001.

Joel Plasco, a Director of SPARK said 'We are delighted that an overwhelming
majority of the GlobalNet shareholders have accepted our tender offer. We now
look forward to building value for our shareholders through the portfolio of
assets acquired.'

Following the completion of the tender offer, NewMedia SPARK intends for
GlobalNet to become a wholly owned subsidiary. The terms of the offer and
other relevant information are available through public filings made by
GlobalNet Acquisitions Inc. (a wholly owned subsidiary of NewMedia SPARK) and
GlobalNet at http://www.sec.gov.

The information agent for the tender offer is MacKenzie Partners, Inc. For
additional information please contact MacKenzie Partners, Inc. at (800)
322-2885 (calling from inside the United States) or 00 800 3222 8851 (calling
from outside the United States).

The tender offer statement (including an offer to purchase, letter of
transmittal and related tender offer documents) and the solicitation/
recommendation statement filed with the SEC contain important information,
which should be read carefully before any decision is made with respect to the
offer. Uproar stockholders may obtain a free copy of the tender offer
statement and the solicitation/recommendation statement when it is available
and other documents filed by GlobalNet Acquisitions Inc. and GlobalNet with
the SEC at the SEC's Web site at www.sec.gov. The tender offer statement and
the solicitation/recommendation statement and these other documents may also
be obtained by GlobalNet stockholders without cost to them from MacKenzie
Partners, Inc.

Contacts:

Joel Plasco - NewMedia SPARK plc [phone]