Corporate Action

Cube8 Group PLC
21 December 2001

CAPITAL REORGANISATION
SECURITY TITLE
*Ord Shs
MNEMONIC CODE   *CUB
SEDOL CODE      *141-448
TERMS           *Each existing Ordinary Share of 1p will be subdivided into
                 1 Ordinary Share of 0.1p and 1 Deferred Share of 0.9p. Then 
                 every 10 Ordinary Shares of 0.1p will be consolidated into 1
                 New Ordinary of 1p.
PROVISIONAL EFFECTIVE DATE *07-01-02
NOTES * The effective date for the Capital Reorganisation is subject to approval
at the EGM.