Stmnt re press comment

Cube8 Group PLC
17 October 2001

                               Cube 8 Group plc


                          Statement re Press Comment




The Directors of Cube 8 Group plc have noted recent press speculation and can
confirm that they are currently in discussions with a company which may or may
not lead to an acquisition classified as a reverse takeover under the AIM
Rules of the London Stock Exchange. A further announcement will be made in due
course.




Enquiries:


Steve Masters                    07932 065767

Cube 8 Group plc