update regarding Spuetz AG

NewMedia SPARK PLC
19 August 2003

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NewMedia SPARK plc ('The Company')



Update regarding Spuetz AG



NewMedia SPARK plc ('Spark') notes that its German subsidiary Spuetz AG
('Spuetz') yesterday announced that Spuetz has amended its annual financial
statements for the fiscal year 2002 to eliminate carried forward losses against
capital reserves. Spark welcomes this development, which it estimates will place
Spuetz in a position where it could pay a dividend inexcess of EUR20m once its
results for the fiscal year 2003 are finalised.



Spark has a 70% holding in Spuetz, and would of course support the payment of
such a dividend should Spuetz resolve to do so in due course.



19th August 2003




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