Royal & SunAlliance

Brainspark PLC 3 January 2001 Brainspark plc announces strategic relationship with Royal & SunAlliance London, January 3rd 2001 - Brainspark plc, the incubator focussed on germinating and developing internet and technology related businesses, today announced its plans to work with Royal & SunAlliance's Global Ventures division. The relationship is intended to help both parties to co-operate in new business sourcing and the delivery of incubation services. The two companies believe they possess complementary skills and networks and harnessing these would create new business opportunities, specifically in the areas of technology and financial services. The relationship has developed out of a series of discussions between Stewart Dodd, CEO of Brainspark and Stuart Degg, CEO of Global Ventures. Stewart Dodd said 'We see enormous potential in being able to work together with Royal & SunAlliance to explore innovative new business models in the field of technology and financial services.' Stuart Degg commented 'In developing Royal & SunAlliance's new venture capability over the course of 2000 we've recognised the advantages of working as part of an alliance network with other quality organisations. Brainspark's track-record of developing businesses is impressive and I'm looking forward to exploring how we can co-operate on some exciting initiatives in 2001.' Two B2B businesses currently in incubation with Global Ventures have been identified as early opportunities to assess the benefits of leveraging both parties' capabilities and RSA's financial services domain knowledge. Notes to editors About Brainspark. Brainspark plc, is an AIM listed Incubator focussed on germinating and developing Internet and technology related businesses. Formed in September 1999, it floated on London's Stock Exchange in April 2000. Brainspark helps create world-class businesses by providing seed capital, a physical infrastructure, management support and access to a substantial network. Brainspark has invested in 17 companies, four of which have gone onto secure follow-on funding. About Royal & SunAlliance Global Ventures Royal & SunAlliance Global Ventures is a wholly division of Royal & SunAlliance and was established in March 2000. Global Ventures is a rigorous corporate incubator that will enable innovative financial services ideas to become reality. Royal & SunAlliance is forward thinking with regard to the new economy business environment and Global Ventures is a demonstration of innovative, market leading activity. Royal & SunAlliance is focussed on using its deep financial services expertise and harnessing the global strength of Royal & SunAlliance to position Global Ventures at the leading edge of innovation in financial services markets. Enquiries Brainspark (020 7843 6600) David Hart Director of marketing and communications Royal & SunAlliance Global Ventures (020 8280 8586) Carla Burt Marketing, Communications & PR Issued by Citigate Dewe Rogerson (020 7638 9571)