Possible offer

Possible offer

Media Corporation PLC

Media Corporation plc

('Media Corp' or “the Company', AIM:MDC)

Possible Offer

The Board of Media Corp has received a number of approaches which may or may not lead to a recommended cash offer for the entire issued share capital of the Company. Discussions are at an early stage and further announcements will be made in due course as and when necessary. This announcement has been made without the consent of any party making an approach.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Media Corporation plc confirms that it has 265,333,661 ordinary shares of 1p each in issue and admitted to trading on the London Stock Exchange under UK ISIN code GB0000528306.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the “Code”), if any person is, or becomes, “interested” (directly or indirectly) in 1% or more of any class of “relevant securities” of the Company, all “dealings” in any “relevant securities” of that company (including by means of an option in respect of, or a derivative referenced to, any such “relevant securities”) must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the “offer period” otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an “interest” in “relevant securities” of the Company, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all “dealings” in “relevant securities” of the offeree by the offeror, or by any of their respective “associates”, must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose “relevant securities” “dealings” should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel’s website at www.thetakeoverpanel.org.uk.

“Interests in securities” arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an “interest” by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel’s website. If you are in any doubt as to whether or not you are required to disclose a “dealing” under Rule 8, you should consult the Panel.

For further information please contact:

Media Corporation plc	Â	Â	Â	Tel: + 44 020 7618 9000
Justin Drummond, Chief Executive
Nilesh Jagatia, Group Finance Director
www.mediacorpplc.com
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Daniel Stewart & Company plc				Tel: + 44 0 20 7776 6550
Simon Leathers/Charlotte Stranner
www.danielstewart.co.uk
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Bishopsgate Communications				Tel: + 44 0 20 7562 3350
Jenni Herbert/Gemma O’Hara
[e-mail]
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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
www.flightcomparison.co.uk