Re Alliance

Cube8.com PLC 12 December 2000 Press Release 12 December 2000 Cube8.com plc invests in The Plain English Group Cube8, the AIM-quoted Technology, Media and Telecoms incubation and investment company which also provides consulting and technology services, is pleased to announce that it has invested £475,000 cash as expansion capital in the Plain English Group Limited (PEG), in return for a 13.2% equity stake. This is part of a total fund raising of £600,000 by PEG, with the remainder of the new money coming from a group of private investors. PEG is the holding company for The Plain English Publishing Company Limited (PEP), which was established in 1996, and The Plain English Network Limited (PEN), which was formally incorporated in late 1999. PEP publishes 'The Sticks', a monthly regional listings, general leisure and lifestyle magazine. It currently covers the M25 catchment area and has an expanding subscriber base, having grown from four counties at the end of 1999 to eleven by December 2000. 'The Sticks' had a monthly group circulation of 220,000, as of the end of November 2000. Listings information is non London-centric and is more focused on leisure activities in smaller cities, towns and rural areas. The roll-out plans call for 'The Sticks' to have established itself in virtually all major areas of demographic density in the UK by the end of 2001, involving a total of 28 editions. PEN owns the website, www.the-sticks.com, which is the clear leader in not only the 'What's On' field within its coverage area but, importantly, all the thousands of local clubs and societies that don't always have date-sensitive events. It has an extremely comprehensive local listings information, and the on-line strategy is to develop that content into a vast network of sponsored e-mail leisure newsletters alongside ticket sales facilities and county ' e-commerce directories' for all shops, categories and local services. www.the-sticks.com plans to establish itself as the one-branded market leader in localised leisure information delivery over the next two years, supported by increasingly detailed content and free promotion from The Sticks. There are plans to develop a number of registered 'local-channel' domain names into separate web businesses, as the group expands further. This agreement further strengthens the position of Cube8 in the media sector. Currently the media companies which Cube8 has interests in include Harden's Limited, the restaurant listing title, and Itchy Limited, the City guides title for the 18 to 35 age range. PEG sits well with these titles and adds breadth to the media holding. Commenting on the investment, Brian Hindson, CEO of Cube8, said: 'The Plain English Group is a good addition to our portfolio for two main reasons. First, we can now develop packaged content from our three media businesses and distribute this efficiently to other online properties, which will benefit all three companies. Second, there are extensive synergies between PEG and other members of the Cube8 portfolio, including in particular Blue Carrots, Planet Three, Harden's and Itchy.' Tim Parfitt, Founder and Chief Executive of The Plain English Group said: 'We are very excited at the prospect of working both with Cube8 and specifically those investee companies with which we have great synergies. The Cube8 team will bring us invaluable expertise on the internet side of our business, helping us to re-develop our ever-increasing print content into a sophisticated on-line database with vast e-mail newsletter and e-commerce potential. Cube8 understands and appreciates the value of content and traditional media in the development of businesses on-line. We were already working with Harden's and this association, will further enhance our business model, and in turn Cube8's portfolio.' - Ends - www.cube8.com www.the-sticks.com For further information please look at the investor relations website at www.cube8.com or please contact: Cube8.com plc Tel: 020 7243 2000 Brian Hindson, Chief Executive E-mail: brian@cube8.com The Plain English Group Limited Tel: 01462 486810 Tim Parfitt, Chief Executive & Publisher E-mail: t.parfitt@the-sticks.com Issued by: Bankside Consultants Limited Tel: 020 7220 7477 Henry Harrison-Topham / Julian Bosdet E-mail: henry@bankside.co.uk / julian@bankside.co.uk Note to editors: Cube8 is a Technology, Media and Telecoms investment and incubation company that provides financial and intellectual capital to accelerate start-up and early-stage internet businesses. The Company's operations have 3 main areas of focus, these being: i. Investment ii. Consultancy and Agency Services iii. Networking and Fundraising The Company's shares started trading on the Alternative Investment Market of the London Stock Exchange ('AIM') on 28th February 2000. Internet.com Inc. (Nasdaq: INTM), Venture Fund II, holds a 10% stake in PEN via a convertible preference share investment that was completed in December 1999. Tim Parfitt, CEO & Founder of The Plain English Group Limited has 18 years of experience with Conde Nast, publisher of over 55 titles in 13 countries.

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