Osprey Communications PLC
15 June 2000
Osprey Communications ('Osprey' or 'the Company')
Current Status
Further to the announcement of 7 June, the Company has now
concluded that for the time being it is no longer possible to
complete the proposed reverse takeover due to the sustained
volatility of the stock market. Accordingly the board of
Osprey will pursue in parallel other strategic alternatives.
Osprey has requested that the United Kingdom Listing Authority
continue suspension of its listing until publication of the
Company's annual report and accounts for the year ended 30
September 1999.