[LETTERHEAD OF MATCHNET PLC]



15 March 2004

Mr.  David Siminoff
27866 Via Corita Way
Los Altos Hills, CA 94022

Dear David:

RE:  TERMS OF APPOINTMENT AS NON-EXECUTIVE DIRECTOR

MatchNet plc (the "Company") is pleased to confirm our offer regarding you
appointment as a Non-Executive Director of the Company on the following terms:

1.       POSITION. You will serve as a Non-Executive of the Company, effective
         as of the date of this letter.

2.       CASH COMPENSATION. The Company will pay you a director's fee at the
         rate of $40,000 per year, payable in monthly installments of $3,333.33
         each for each month of service, in arrears, beginning 15 April 2004. In
         addition, you will be paid $2,000 for attendance at each Board meeting
         and $1,000 for attendance for each Committee meeting (additional
         compensation for special projects will be agreed as appropriate). The
         Company will reimburse you for approved expenses which are incurred fn
         the performance of your duties.

3.       DUTIES. It is anticipated that you will be appointed as Chairman of the
         Board's Audit Committee and serve as a member of the Board's Executive
         Committee. It is expected that you will attend at least 4 full Board
         meets and 4 Committee meeting per year in Los Angeles, in addition, you
         will be available on an as needed basis for Board Meetings by
         conference call, to execute Written Resolutions, and for such other
         matters as the Company may reasonably require.




<PAGE>
                                                                      15/03/2004
                                                                     Page 2 of 3


4.       SHARE OPTIONS. Subject to the final approval of the Board, you will be
         granted an option to purchase 300,000 of the Company's ordinary shares
         (the "Option"). The exercise price per share will be equal to the fair
         market value per share as determined by today's closing price of the
         Company's GDSs as quoted on the Frankfurt Stock Exchange. The Option
         will vest and become exercisable, subject to Paragraph 5, below, at a
         rate of 6,250 options for each full month of service.

5.       CHANCE OF CONTROL. For the purposes of this Agreement, a "Change of
         Control Event" shall be the occurrence of a single shareholder (or
         beneficial owner) or an affiliated group of shareholders (or beneficial
         owners) acquiring more than 45% of the then outstanding ordinary shares
         (or securities convertible into 45% of the then outstanding ordinary
         shares) of the Company or otherwise acquiring effective control of the
         Company. In the event of a termination of your service as a director
         for any reason (including your own election) within 6 months a "Change
         of Control Event", you shall be entitled to: (i) payment of one year's
         fees of $40,000 (which fees shall be payable in a lump sum no later
         than thirty days after termination of your service as a director) and
         (ii) immediate vesting and exercisability of any unvested and
         unexercised options set forth in Paragraph 4 (together with an
         extension of the "Final Exercise Date" as defined in the relevant
         Option Agreement to one year from the date of such termination).

6.       INDEMNIFICATION. To the fullest extent permitted by the Company's
         charter documents and applicable law, the Company agrees to defend and
         indemnify you and hold you harmless against any liability that you
         incur within the scope of your service as a director of the Company.
         The Company agrees to use its best efforts to purchase and maintain
         adequate Directors' and Officers' liability insurance from a reputable
         and financially sound insurer with coverage limits to be determined by
         the Board of Directors and with provisions that will provide coverage
         for you as a director as well as coverage as a former director
         following any termination of your services as director.

7.       ENTIRE AGREEMENT. Except as set forth herein, this letter agreement
         supersedes and replaces any prior agreements, representations or
         understandings, whether written, oral or implied, between you and the
         Company.

We hope that you will find the above terms acceptable. You may indicate your
agreement with these terms by signing and dating the enclosed duplicate original
of this letter agreement and returning it to me. By signing this letter
agreement, you reconfirm to the Company that you have no contractual commitments
or other legal obligations that would prohibit you from performing your duties
for the Company.


Very truly yours
MATCHNET PLC


/s/ Joe Y. Shapira
-------------------------------
Joe Y. Shapira
Co-Chairman



<PAGE>
                                                                      15/03/2004
                                                                     Page 3 of 3



I have read and accept and agree to the above terms of employment:



/s/ David Siminoff
-------------------------------
Signature of David Siminoff

Dated 15 March 2004

Source: OneCLE Business Contracts.