re: Issue of Warrants

Media Corporation PLC
                  

29th October 2008

                      Media Corporation plc ('the Company')

                              Re: Issue of Warrants

Further to the announcement this morning regarding the Issue of Warrants to both
Directors and Senior Management the exercise price of the Warrants has been
changed to 1 pence per Ordinary Share.

The Warrants have been issued in accordance with the Company's Share Option
Plan, details of which are outlined in the AIM Admission Document dated 6 April
2001 and approved at the EGM on 30 April 2001. The Warrants are exercisable at
any time during the next 3 years.

For further information please contact:

Media Corporation plc

Justin Drummond, Chief Executive

Nilesh Jagatia, Group Finance Director + 44 020 7618 9000

www.mediacorpplc.com

Daniel Stewart & Company plc

Simon Leathers Tel: + 44 0 20 7776 6550

www.danielstewart.co.uk

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 .