Statement re. Suspension

Archimedia Ventures PLC
03 April 2006



                            ARCHIMEDIA VENTURES PLC

                        ('Archimedia' or the 'Company')



                STATEMENT RE SUSPENSION OF TRADING IN SHARES AND

                              PROPOSED ACQUISITION



Archimedia is an investing company whose shares were admitted to trading on AIM
prior to 1 April 2005 and which raised less than £3m on admission. As the
Company has not yet made an announcement in relation to a reverse takeover under
Rule 14 of the AIM rules, trading in the Company's shares will be suspended at 7
am today.



The board of Archimedia is pleased to announce that the Company has agreed in
principle heads of terms for the acquisition of a company in the media sector.
The acquisition is subject, inter alia, to due diligence, a fundraising and
Archimedia's shareholders' approval. Due diligence is underway and the Company
is hopeful that full details of the transaction will be announced as set out
below.



The acquisition would, if completed, constitute a reverse takeover under the AIM
rules. The timetable for posting details to shareholders will be a function,
amongst others, of the due diligence process but the Company expects to announce
details in early May and call an extraordinary general meeting to approve the
acquisition at that time.



Shareholders should note that under the AIM rules, the admission of the
Company's shares will be cancelled if the Company has not completed a reverse
takeover by 3 October 2006.



Enquiries:-


Noel Healey, Chairman                                                    07770 980 214


Kris McGuire                                                             0207 245 1100

Hansard Communications






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