Correction: Excercise Warrants

Media Corporation PLC
                  

Media Corporation PLC

Exercise of warrants

Media Corporation plc (AIM:MDC) announces that warrants over ordinary shares of
1p each in the share capital of the Company were exercised on 2 July 2008.

Details of the warrants exercised are as follows:

-0-
*T
Number of warrants    Exercise Price
900,000               2p
*T

Accordingly, application has been made for 900,000 ordinary shares of 1p each in
the Company, which will rank pari passu with existing ordinary shares, to be
admitted to trading on AIM. The admission is expected to occur on or about 9
July 2008. Following the exercise of these warrants the total issued capital of
the Company is 280,297,298 ordinary shares.

For further information please contact:

Media Corporation plc
Justin Drummond, Chief Executive
Nilesh Jagatia, Group Finance Director
[phone]

Buchanan Communications
Charles Ryland/Suzanne Brocks/Susanna Gale
[phone]

Canaccord Adams Limited
Mark Williams, Managing Director
[phone]

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, Dell and 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 and www.flightcomparison.co.uk.

www.mediacorpplc.com