Newsplayer Group PLC
04 September 2003

4 September 2003

                              NEWSPLAYER GROUP PLC

-   Placing of new Ordinary Shares to raise ??490,500
-   R&D Tax Credit totalling ??165,000

Newsplayer Group plc ('NPG' or 'The Company') today announces that it has raised
??490,500, through a placing of 7,546,154 new ordinary shares of 1p each in the
Company (new Ordinary Shares) at a price of 6.5p per share.

The new Ordinary Shares have been placed with two individuals who are new
investors in the Company and one institutional investor.

The net proceeds of the Placing will be used to provide additional working
capital for the Company.

NPG also announces that, further to the announcement made on 4 August 2003, The
Company has now received an additional ??206,000 gross tax credit as a result of
an R&D (Research and Development) tax claim, relating to specific costs over the
last two financial years. This claim was in accordance with FA 2000 Section 69
and schedules 19 and 20. The net sum, which totals ??165,000, will also be used
as working capital for the Group.

Paul Duffen CEO comments 'I am delighted to be able to make this announcement:
this injection of funds together with the ??740,000 raised in August puts
Newsplayer Group plc in a strong position to be able to exploit its intellectual
property rights'.


                                     -Ends-



Newsplayer Group                                      020 7927 6699
Paul Duffen

Merlin Financial                                      020 7606 1244
Philip Ranger/Nicola Davidson



                      This information is provided by RNS
            The company news service from the London Stock Exchange