Newsplayer Group PLC
30 May 2000

                      NEWSPLAYER GROUP PLC
Newsplayer Group PLC ('Newsplayer' or the 'Company'), a new media
company,  which  has  established an  innovative  video-on-demand
product  providing television and cinema newsreel  footage  which
spans the 20th century, is pleased to announce the details of its
flotation  on  the Alternative Investment Market  of  the  London
Stock Exchange ('AIM').

The  Company  is  raising  approximately  ??10.15  million  (??9.55
million  net  of expenses) of new money by way of a placing  with
institutional and other investors.

The net proceeds of the Placing will be used to fund the on-going
working  capital requirements of the Company and will  allow  the
Directors  to increase marketing spend and fund in  whole  or  in
part  any  future  strategic alliances with  media  and  Internet
companies and acquisitions.

Investec Henderson Crosthwaite, a division of Investec Bank (UK)
Limited, is Nominated Adviser and Nominated Broker to the
Company.   The Placing has been fully underwritten by Investec
Bank (UK) Limited.

Key Points

* Placing  of  16,071,428 Ordinary Shares  at  84p  per  share,
  including  3,991,071 Ordinary Shares to raise ??3.35 million on
  behalf of existing shareholders

* Market  capitalisation including new money of ??55 million at
  the Placing Price

* Dealings expected to commence on 30 May 2000

* Newplayer's agreement with ITN gives it access to ITN's
  output on ITV, Channel 4 and Channel 5, together with the
  entire Reuters television archive and Paramount, Gaumont,
  British Empire News, Visnews and French Pathi newsreels

* Strategic alliances with major media and technology partners
  including Microsoft, Yahoo! Europe and Hollinger International

* Newsplayer database contains video material from 1896 to the
  present day and users can stream any of the 14,000 video clips 
  on request

* Multiple revenue generating streams via business-to-consumer,
  business-to-business  and business-to-education  subscriptions,
  merchandising, sponsorship and advertising and technical

* Management team with experience in media and the Internet

Paul Duffen, Chief Executive of Newsplayer, commented:

'I am delighted with the response from investors and the proceeds
generated will allow the Company to increase its marketing  spend
and  provide  it  with  the  ability to pursue  future  strategic
alliances and acquisitions.'

For further information contact:

Paul Duffen/Barry Llewellyn, Newsplayer Group  PLC
                                            Tel: 020 7 665 1812

Jagjit Mundi,  Investec Henderson Crosthwaite
                                            Tel: 020 7 597 5970

Tim  Thompson/Catherine Miles, Buchanan Communications
                                            Tel: 020 7 466 5000

Investec Henderson Crosthwaite, a division of Investec Bank  (UK)
Limited   which  is  regulated  by  The  Securities  and  Futures
Authority Limited, is acting exclusively for Newsplayer Group PLC
and  no-one  else  in relation to the Placing  and  will  not  be
responsible  to any person other than Newsplayer  Group  PLC  for
providing the protections afforded to its customers.

This  press  release  has  been approved  by  Investec  Henderson
Crosthwaite  for  the  purposes of section 57  of  the  Financial
Services Act 1986.