Update

26 Oct 2005 17:02

Brainspark PLC26 October 2005 FOR IMMEDIATE RELEASE 26 OCTOBER 2005 BRAINSPARK PLC Brainspark notes the recent rise in its share price on AIM and confirms that itunderstands that the heads of terms announced on 11 August 2005 regarding GeosimSystems Ltd, in which it currently holds 50.1 per cent. of the equity, areexpected shortly to be converted in to full legal documentation. As and whenthis is signed a further announcement will be made and Brainspark will be in aposition to disclose the name of the US private equity firm involved. ENDS Further information Francesco Gardin, Brainspark PLC 0039 0228 0141Roland Cornish, Beaumont Cornish Limited 020 7628 3396 This information is provided by RNS The company news service from the London Stock Exchange