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New 3G Content Player

15th July,2004

Europe : New Media Industries plc ('NMI' or 'the Company') , forms candyspaceNMI division to focus on premium content for mobile phones

CandyspaceNMI is the U.K.'s first aggregator and producer of genuinely high quality content for the phone, which will take advantage of the growing population of 3G units.

The CandyspaceNMI offering includes images, video, animation and music from some of the country's leading artists, graphic designers, animators, filmmakers and musicians.

We are pleased to report that it has already started supplying mobile content to Nokia and Samsung, both of which can be reviewed.

Paul Nathan, Managing Director of NMI commented 'It is one of our objectives to be present in new marketing channels as they open up to present significant income opportunities, and allow the group to capitalise on the synergies of a broad based marketing operation.'

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