5% Stake Taken in Skillvest.com

NewMedia SPARK PLC 3 December 1999 NewMedia SPARK takes a 5% stake in Skillvest.com NewMedia Spark plc ('SPARK') announces that it has agreed to take a 5% equity stake in Skillvest.com. Skillvest is a business to business internet start up which will create an online market for professional training services. The site will go live early in the New Year and will allow established suppliers of training products to distribute their services online. Companies using Skillvest will be able to efficiently match these products and services to their specific training needs and, over time, measure their effectiveness. The company was founded with Bainlab and other investors include Zouk Ventures and AMP. Commenting on the investment Andrew Carruthers, CEO of SPARK, said: 'Skillvest is a great example of the internet building value for both suppliers and purchasers of training services in what is otherwise a very fragmented market. We are delighted to be supporting this team with a strong proposition for the business to business sector.' Skillvest.com is the fifth investment by NewMedia Spark since its shares began trading on the Alternative Investment Market on 28th October 1999. The price paid for this investment cannot be disclosed for commercial reasons. Its four previous investments were in Digital Animations Group plc, Bridge4u.com, Linkguard and easier!. ______________________________________________________ For further information please contact: NewMedia SPARK 0171 887 4510 Michael Whitaker 0468-555944 Buchannan Communications Tim Anderson / Lisa Baderoon 0171-466-5000 Peel Hunt & Company David Davies 0171-418-8900
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