SPUETZ AG SELL HLDG IN TULLET

NewMedia SPARK PLC
24 January 2003


NewMedia SPARK plc ('the Company')

24 January 2003

Spuetz AG agrees to sell participation in Tullett plc.

The Company notes that its German subsidiary, Spuetz AG ('Spuetz') has today
released the following announcement:

'Spuetz notes that Collins Stewart Holdings plc (CSH) yesterday announced
through the regulatory news service of the London Stock Exchange a public tender
offer to acquire the entire issued share capital of Tullet plc. Spuetz is
currently the holder of 2,771,918 shares in Tullets plc, approximately 11%.

As part of the offer proposals, Spuetz has agreed to accept the public tender
offer of Collins Stewart Holdings plc in respect of all of its shares.

The offer for each Tullett plc share is 2.52 new shares of Collins Stewart
Holdings plc or alternatively up to £ 4.00 in cash plus 1.26 new shares of
Collins Stewart Holdings plc.

Should the public tender offer of Collins Stewart Holdings plc be successful,
Spuetz will receive as sale proceeds approx. 6,985,233 new Collins Stewart
Holdings plc-shares or approx. 3,492,616 new Collins Stewart Holdings plc-shares
plus approx. £11,087,672 in cash assuming that Spuetz accepts its maximum cash
entitlement. Today (12.09 hour) Collins Stewart Holdings plc. ORD 25 pence
shares were trading on the London Exchange at £ 3.50 per share.

Dusseldorf/Frankfurt, January 24, 2003


The Management

Spuetz AG'


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