Flotation on Alternative Investment Market

Newsplayer Group PLC 30 May 2000 NEWSPLAYER GROUP PLC FLOTATION ON THE ALTERNATIVE INVESTMENT MARKET Newsplayer Group PLC ('Newsplayer' or the 'Company'), a new media company, which has established an innovative video-on-demand product providing television and cinema newsreel footage which spans the 20th century, is pleased to announce the details of its flotation on the Alternative Investment Market of the London Stock Exchange ('AIM'). The Company is raising approximately £10.15 million (£9.55 million net of expenses) of new money by way of a placing with institutional and other investors. The net proceeds of the Placing will be used to fund the on-going working capital requirements of the Company and will allow the Directors to increase marketing spend and fund in whole or in part any future strategic alliances with media and Internet companies and acquisitions. Investec Henderson Crosthwaite, a division of Investec Bank (UK) Limited, is Nominated Adviser and Nominated Broker to the Company. The Placing has been fully underwritten by Investec Bank (UK) Limited. Key Points * Placing of 16,071,428 Ordinary Shares at 84p per share, including 3,991,071 Ordinary Shares to raise £3.35 million on behalf of existing shareholders * Market capitalisation including new money of £55 million at the Placing Price * Dealings expected to commence on 30 May 2000 * Newplayer's agreement with ITN gives it access to ITN's output on ITV, Channel 4 and Channel 5, together with the entire Reuters television archive and Paramount, Gaumont, British Empire News, Visnews and French Pathi newsreels * Strategic alliances with major media and technology partners including Microsoft, Yahoo! Europe and Hollinger International Inc. * Newsplayer database contains video material from 1896 to the present day and users can stream any of the 14,000 video clips on request * Multiple revenue generating streams via business-to-consumer, business-to-business and business-to-education subscriptions, merchandising, sponsorship and advertising and technical services * Management team with experience in media and the Internet Paul Duffen, Chief Executive of Newsplayer, commented: 'I am delighted with the response from investors and the proceeds generated will allow the Company to increase its marketing spend and provide it with the ability to pursue future strategic alliances and acquisitions.' For further information contact: Paul Duffen/Barry Llewellyn, Newsplayer Group PLC Tel: 020 7 665 1812 Jagjit Mundi, Investec Henderson Crosthwaite Tel: 020 7 597 5970 Tim Thompson/Catherine Miles, Buchanan Communications Tel: 020 7 466 5000 Investec Henderson Crosthwaite, a division of Investec Bank (UK) Limited which is regulated by The Securities and Futures Authority Limited, is acting exclusively for Newsplayer Group PLC and no-one else in relation to the Placing and will not be responsible to any person other than Newsplayer Group PLC for providing the protections afforded to its customers. This press release has been approved by Investec Henderson Crosthwaite for the purposes of section 57 of the Financial Services Act 1986.