Offer Update

NewMedia SPARK PLC 19 September 2001 19 September 2001 NewMedia SPARK plc Announces Replacement Addresses for US Tenders NewMedia SPARK plc (LSE: NMS) ('SPARK') today announced replacement addresses for tenders within the United States in connection with the cash tender offer to purchase all of the outstanding shares of GlobalNet Financial.com, Inc. (Nasdaq: GLBN; LSE: GLFA) ('GlobalNet'). SPARK announced on 13 September 2001 that as a result of the tragic events in the United States which occurred on Tuesday 11 September 2001, the Bank of New York which is acting as depository for the Offer, was in the process of relocating its 101 Barclay Street office and that SPARK would announce as soon as available new locations where The Bank of New York would be accepting completed Letters of Transmittal to accept the Offer. The subsequent offering period previously announced by SPARK will end at 5:00 p.m., New York City time, on 21 September 2001. Commencing 19 September 2001, tenders may be made in the United States as follows By Registered or Certified Mail or Overnight Courier: The Bank of New York 385 Rifle Camp Road West Paterson, NJ 07424 ATN: GlobalNet Financial / George Dalton Phone: 973-247-4889 for confirmation By Hand: The Depository Trust Company 55 Water Street New York, NY 10041 ATN: The Bank of New York window GlobalNet Financial.com The terms of the offer and other relevant information are available through public filings made by GlobalNet Acquisitions Inc. 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. GlobalNet 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 +44 (0)20 7851 7777
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