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Media Corp. - Replacement - Issue of Equity

25 February 2009 Media Corporation plc ('Media Corp' or 'the Group') (AIM:MDC) Issue of Equity Further to the announcement this morning regarding issue of equity by the Group, the Board wishes to add the following points of clarification regarding the share issue. Media Corp, the AIM quoted leading internet media and advertising group, announces that 2,509,091 ordinary shares of 1 pence each ('Ordinary Shares') have been issued, at a price of 1.65 pence in lieu of cash, to Rivington Street Holdings ('RSH') pursuant to contractual obligations for services provided to the Company. The services are for a 12 month financial PR program to be provided by Bishopsgate Communications ('Bishopsgate') and various other services including financial research and investor marketing services. The shares are subject to a lock in arrangement for the duration of the contract. Application has been made for 2,509,091 Ordinary Shares to be admitted to trading on the AIM Market and dealings are expected to commence on 27 February 2009. Following admission, Media Corp will have a total of 265,333,661 Ordinary Shares in issue. Tom Winnifrith, CEO of Rivington Street Holdings commented: 'We are delighted to be working with Media Corp. We believe that the shares are undervalued and they will sit on the RSH balance sheet as a long term investment growing our asset base.' Justin Drummond, CEO of Media Corporation plc commented: 'Bishopsgate is a leading advisor to AIM companies and we are very excited to be working with them. There are also considerable further benefits to Media Corp as Bishopsgate has various associated companies that will provide further services including investor marketing and financial research for the Group and these are included in the contract'. - ENDS - For further information please contact: Media Corporation plc Tel: + 44 020 7618 9000 Justin Drummond, Chief Executive Nilesh Jagatia, Group Finance Director www.mediacorpplc.com Daniel Stewart & Company plc Tel: + 44 0 20 7776 6550 Simon Leathers/Charlotte Stranner www.danielstewart.co.uk Bishopsgate Communications Tel: + 44 0 20 7562 3350 Jenni Herbert/Gemma O'Hara [email protected] Notes to editors Listed on the AIM market of the London Stock Exchange, Media Corp is a leading internet media and advertising group focused on website publishing and online advertising. The Group has two principal divisions: Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 32 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Delland American Express. www.eyeconomy.co.uk Website Publishing - Media Corp has a diverse publishing division specializing in online media. Our impressive portfolio of websites includes a number of market leading sites including: www.gambling.com www.onthebox.com www.sport.co.uk www.creditcardexpert.co.uk www.flightcomparison.co.uk

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Price: 0.39

Market: ASX
Market Cap: $83.99 m
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