7th June 2004

ESPOTTING AND FINDWHAT.COM STOCKHOLDERS APPROVE MERGER

LONDON, 7th June, 2004 - Espotting Media, Europe's leading paid listings provider, today announced that the stockholders of both Espotting and FindWhat.com (NASDAQ: FWHT), approved the merger between the two companies in their respective shareholders meetings last week. The merger is scheduled to close on July 1, 2004.

'Espotting has continuously achieved many milestones, and the approval of the merger marks yet another one' stated Daniel Ishag, founder & chief executive officer. '4 years ago, paid listings was an advertising medium that did not exist in Europe. Espotting launched the model and today can deliver 1.4 billion queries to over 22,700 advertisers each month, across 8 languages and 5 currencies. As the European experts in paid listings, Espotting will combine its knowledge with that of FindWhat.com's, to create the largest independent player in our sector.'

Craig Pisaris-Henderson, chairman and chief executive officer, FindWhat.com added: 'With our combined resources, talent and experience spanning North America and Europe, along with the opportunities gleaned from recent acquisitions and strategic partnerships, and our intention to consider and pursue additional strategic transactions, the combined company is poised to take a leading role in the new global business economy.'

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