Termination of discussions with Gaming Media Gr...

Termination of discussions with Gaming Media Group Limited

Media Corporation PLC

Media Corporation Plc
(‘Media Corp’ or the ‘Company’)

Termination of discussions with Gaming Media Group Limited

Further to the announcement of 16 April 2012 about the proposed acquisition of Gaming Media Group Limited (“GMG”) the directors announce that the board has decided not to proceed with the acquisition.

This has no bearing on the merits of GMG but rather, as announced previously, the board was also looking at another acquisition which is not a reverse takeover under the AIM Rules and, as such, is considered a preferable deal for the shareholders at this juncture. Further details will follow.

As a result of the termination of the discussions with GMG the suspension of trading in the existing ordinary shares in the Company will be lifted and trading will recommence at 7:30am today.

Contacts:

Media Corporation Plc	Â	Â	Â	Tel: [phone]
Justin Drummond - Chairman
Nilesh Jagatia – Group Finance Director
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Northland Capital Partners Limited				Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
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XCAP Securities				Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
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Bishopsgate Communications				Tel: + 44 20 7562 3350
[e-mail]
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