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Osprey Comms. (OSPY)


Thursday 31 May, 2001

Osprey Comms.

Stmnt re Press Comment

Osprey Communications PLC
31 May 2001

                     Osprey Communications plc ('Osprey')

                               Re Press Comment

Further to press speculation, Osprey can confirm that it is in discussions
with a media company, in which Mr Bob Geldof has an interest, and which may or
may not lead to a reverse takeover of Osprey.


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