Directorate, etc

Cube8.com PLC
29 February 2000

                 Cube8.Com plc ('Cube8')
                            
        Completion of three internet investments
        and appointment of Non-Executive Director
                            

Cube8   today  announces  that  it  has  completed  three
investments in internet based technology companies.

Details of the three investee companies were set  out  in
the Company's prospectus dated 21 February 2000 where  it
was  stated that conditional agreements had been  reached
on   the   three  investments  subject  to  further   due
diligence.  A brief summary of each follows:

Web Street Limited

Web  Street is a UK based technology company specialising
in  creating  inexpensive and easy  to  mange  e-commerce
sites.    The  service,  built  around  a  do-it-yourself
template,  allows retailers to quickly and  inexpensively
set  up an online presence.  Retailers pay a monthly  fee
to use the service.  Web Street currently has sixty-seven
stores online.  Cube8 has acquired 25.02 per cent. of the
issued share capital of Web Street for a consideration of
£1,000,000 to be satisfied by the issue of 5,882,353  new
Ordinary  Shares.  In addition Cube8 has made a  loan  to
Web Street of £250,000.

TaoTalk Limited

TaoTalk  is  a  free downloadable software  package  that
allows users to send voice messages over the internet and
talk  to  each  other  in near real  time.   TaoTalk  has
acquired   over   30,000  users   having   done   minimal
advertising to date.  A number of portals and  ISP's  are
already promoting the product to a wider audience.

Cube8 has acquired 15 per cent. of TaoTalk's issued share
capital for a consideration of £2,250,000 to be satisfied
by  the  issue  of  11,470,588 new  Ordinary  Shares  and
£300,000  in cash and has an option to acquire a  further
10 per cent.

Prizescratch.com Limited

www.prizescratch.com  is  a graphically  rich  games  and
competition  website.  Offering attractive game  formats,
the     model    is    already    generating     revenue.
Prizescratch.com Limited has also developed  a  range  of
scratch  card  games  proposed to be  run  with  national
newspapers.

Cube8  has  acquired  50 per cent. of  the  issued  share
capital  of  Prizescratch.com Limited for a consideration
of  £1,000,000 to be satisfied by the issue of  5,882,353
new  Ordinary  Shares and has an option  to  acquire  the
remaining 50 per cent.

Application will be made for the 23,235,294 new  Ordinary
Shares  to  be  admitted to trading  on  the  Alternative
Investment  Market and dealings are expected to  commence
on 6 March 2000.

Appointment of Non Executive Director

Cube8  has also appointed Alexander Thomas Joseph  Meisl,
aged  37,  as  a Non Executive Director.  Alex  graduated
with a dual business degree from the Ecole Superieure  de
Commerce  in  Reims.  Alex worked at Saatchi and  Saatchi
plc  before  moving  to a number of business  development
roles  within Grand Metropolitan plc.  In 1990 he  joined
Legion, Europe's leading premium rate telephony operator,
where  he  was  responsible for founding  Legions  German
subsidiary.  He became Legions group managing director in
1993.  In 1996 he formed Gothem Limited, an international
telecom and audiotex company.

Alex  has  been  granted options over 4,706,274  Ordinary
Shares  in Cube8.  The options have been granted for  nil
consideration and are exercisable at 17p per share.

Details of Alex Meisl's current and past directorships
are as follows:

Current Directorships:        Past Directorships:
Prizescratch.com Limited      Legion (UK) Limited
Gothem Limited                Legion Telecall PTY
Central Europe Multimedia     IMS PTY
Limited
Sponge Limited                Legion Telecommunikation GmbH
TaoTalk Limited               
Vocal Plus SA                 
Proyectos Telemedia CA        
Kazakaudiotext LLP            
Audioteks Limited             
Gothem CJSC                   
Connekta DOO                  


Enquiries:

Cube8.Com plc                      0171 243 2000
Tim Dean-Smith, Chairman