Results of AGM and EGM

NewMedia SPARK PLC
26 September 2000


        NewMedia SPARK plc ('the Company' or 'SPARK')
                   Results of AGM and EGM

SPARK  announces that at the Annual General Meeting  of  the
Company held earlier today all the proposed resolutions were
duly passed.

SPARK  also  announces  that  at the  Extraordinary  General
Meeting  held  earlier  today the  resolution  necessary  to
approve  the  acquisition of NewMedia Investors Limited  was
duly passed.

Completion  of  the acquisition is expected  to  take  place
later today and application has been made for the 14,684,288
new  ordinary  shares in SPARK to be issued in consideration
for  the  acquisition  to  be admitted  to  trading  on  the
Alternative Investment Market.  Admission of these shares is
expected to take place on 27 September 2000.

At  the  AGM earlier today Thomas Teichman, Chairman of  the
Company, made the following comments:

'SPARK  has made significant progress since March 2000,  the
date to which the last accounts were drawn up.

*   Despite  the marked decline in market sentiment  towards
    Internet  and  technology stocks since the  Spring,  we
    believe  that  SPARK  has been  able  to  maintain  the
    overall  value  of  its portfolio.   A  number  of  our
    portfolio  companies  have  recently  achieved  further
    financing  rounds  at  significant valuation  increases
    over  our  original  cost  -  these  include  EO  (400%
    uplift),  Linkguard (300%) and Olympic  Worldlink  (75%
    uplift).  At our September half-year we expect to write
    down  the  value  of  several of our  B2C  investments.
    However these constitute a relatively small portion  of
    our  portfolio and we expect that any write downs  will
    be offset by the valuation increases.
*   Equally  importantly,  a number of our  other  portfolio
    companies have made strong underlying progress and  are
    currently  undertaking  or planning  further  financing
    rounds   at  a  substantial  premium  to  our  original
    investment  cost. These include several of our  largest
    investments, such as eTV and DX3 (in both of  which  we
    own  majority stakes). If successfully completed, these
    financing  rounds will lead to a significant uplift  in
    SPARK's  stated asset value, which was last  stated  at
    66p per share.
*   Overall,  the resilient performance of our portfolio is
    due  to  the wide spread of our investments, our active
    management involvement with investee companies, and our
    relatively heavy exposure to core technology,  wireless     
    and  interactive  TV investments, as  opposed  to  pure
    'dot.com'   companies.  Where  there  have  been   good
    opportunities we have grasped them, and where  problems
    have  emerged  in  our portfolio,  our  strong  central
    management resource has often enabled us to take  early
    and   effective  action.  An  example  is  the   merger
    announced last week between Bid2day and Tradera.com. We
    continue   to  work  closely  with  all  our   investee
    companies,  and  believe  that this  active  management
    approach distinguishes our business from that  of  many
    other, more passive, technology investment companies.

As  an early stage technology investor, the sole test of our
business  is  whether over the longer term we achieve  above
average capital appreciation in our investments. Because  we
typically invest at the seed and first rounds, it  can  take
some  time  for  our  investments to mature  and  for  their
success or failure to become apparent. However SPARK has now
been investing for almost a year, and we expect that several
of  our  early investee companies may be ready for flotation
during  the  first half of 2001. Clearly, the prospects  for
flotation will depend on market conditions at that time, but
we  are optimistic that several will prove able to float  at
substantial   increases  to  the  value   at   which   these
investments  are currently held in our books.  For  example,
Olympic  Worldlink has recently announced its  intention  to
float  early  next  year on a valuation of  several  hundred
million  pounds. Of course, we will also have our challenges
within  the portfolio and even failures, but overall we  are
encouraged by the progress.

Turning  from our portfolio, we have continued to strengthen
our  central  management  team and have  recently  recruited
Bruno  Delacave, who has joined the Board as Chief Financial
Officer.  Bruno  was  previously CFO of British  Interactive
Broadcasting Holdings Ltd, which launched Open, the  world's
leading  interactive  TV platform  on  Sky.   We  have  also
announced the £10m acquisition of NewMedia Investors,  which
has  considerably strengthened our management and  executive
team. We plan further recruitment, particularly in the  area
of   central   marketing  resource  to  assist   the   sales
development of our investee companies. We are very  strongly
of  the  opinion that a strong central SPARK executive  team
can   considerably  enhance  the  value  of   our   investee
companies,   and  that  over  the  longer  term,  technology
investment companies with an experienced and strong  central
management resource will considerably outperform those  with
a  more  passive  portfolio  investment  approach.  This  is
particularly the case where, as with SPARK, we are investing
in  very young businesses that require active assistance and
day-to-day support in order to prosper.

We  continue to believe that it is important to  expand  the
geographical scope of our business. We are already strong in
the  UK  and  in Scandinavia. In addition, we have  recently
established  an  office in Germany, and  expect  shortly  to
enter into a joint venture agreement in Spain. Following our
acquisition of Softtechnet, we are also planning  to  expand
our  activities  in India, where we believe that  there  are
particularly  attractive investment  opportunities  in  core
technology and software service businesses.

We  continue  to believe that further consolidation  amongst
the  technology investment company sector is inevitable, and
that  many  players  in  this  sector  lack  the  scale  and
resources  necessary to succeed over the longer term.  Hence
we  continue to talk to a range of both quoted and  unquoted
organisations  in  this area.  However, we  will  be  highly
selective  and will only make acquisitions where we  believe
that  they  will  deliver real and  enhanced  value  to  our
shareholders  - either in terms of additional  expertise  or
substantially   increased  resources.  Our  acquisition   of
Softtechnet   met  these  criteria,  many  other   potential
acquisitions would not.

Finally, I should like to comment on our policy with  regard
to   Stock   Exchange   Regulatory  News   Service   ('RNS')
announcements.  RNS  announcements are  designed  to  inform
shareholders of specific events as set out in the AIM Rules.
They  are  not  intended  to be a  method  of  newsflow  for
anything less than material events which affect the Group as
a  whole.   We  now have a portfolio of almost  50  investee
companies,  all  of  which  are  actively  developing  their
businesses  with  our  support and hence  frequently  report
corporate developments and financing events. If we  were  to
announce  all these events via RNS as they occur  then  this
would  make  it  difficult for shareholders to differentiate
between  significant  announcements  and  those  of  a  more
routine nature. Therefore in the future we will limit formal
RNS  announcements to those required by the  AIM  Rules  and
hence those that we believe to be significant in the context
of  SPARK  as  a whole. We will continue to report  all  new
investments  via  RNS as we make them, as  we  believe  that
these  are still material to the Company. In addition,  from
time to time we intend to announce updates via RNS detailing
the  overall  progress of our portfolio  where  we  deem  it
necessary  to  maintain an orderly and  informed  market  in
SPARK shares.

For  those shareholders who are interested in keeping up  to
date  with  the  detailed progress of all of  our  portfolio
companies, we will continue to encourage them to post  their
press      releases      to      the      SPARK      website
(www.newmediaspark.com).'

T A Teichman                                         
26 September 2000


For further information, please contact:

Mike Whitaker / Joel Plasco
NewMedia SPARK                          020 7851 7777

Tim Anderson / Isabel Petre
Buchanan Communications                 020 7466 5000