New Media Spark TMT ripe for recovery

RNS Number:9347V
NewMedia SPARK PLC
20 December 2005



NewMedia SPARK plc ("SPARK")
Interim Results for the six months to 30 September 2005


- Net Assets per share up by 9.4% to 14.0p (March 2005: 12.8p).
- Cash sale of FootFall Ltd today to generate cash of #5m for SPARK's
holding, a 100% uplift on cost from #2.5m invested in stages over 2000,
2001 and 2002. Book value in March 2005 was #3.8m.
- Sale of SPARK's holding in Elata in August for #1.5m consideration
represents a 130% uplift over cost and book value.
- Strong valuation growth of 15.6% amongst companies within the portfolio
will permit increased cash reserves to be used to effect more buy-backs
and allow new investments.
- Cash balances at 30 September are #19.9m, not including the cash proceeds
from the sale of the FootFall holding.