Rule 8.3 - GCAP MEDIA PLC

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              GCAP MEDIA PLC
Class of relevant security    ORD GBP0.025
to which the dealings being
disclosed relate (Note 2)
Date of dealing               16 January 2008

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant       3,315,064      2.01%     1,015,908      0.62%
securities
(2) Derivatives    1,015,908      0.62%       954,765      0.58%
(other than
options)
(3) Options and            0      0.00%            0       0.00%
agreements to
purchase/sell
Total              4,330,972      2.63%     1,970,673      1.20%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase      13,428               1.9332
Purchase      6,575                1.9283
Purchase      13,428               1.9332
Purchase      25,227               1.9299
Purchase      1,119                1.9297
Purchase      16,455               1.9300
Purchase      1,000                1.9235
Purchase      2,197                1.9337
Purchase      25,227               1.9299
Sale          25,227               1.9299
Sale          2,197                1.9337
Sale          1,119                1.9297
Sale          1,119                1.9297
Sale          1,000                1.9235
Sale          6,575                1.9281
Sale          1,000                1.9235
Sale          25,227               1.9299
Sale          13,428               1.9332
Sale          25,227               1.9299
Sale          16,455               1.9298

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         13428         1.9331
CFD            Long          1000          1.9235
CFD            Long          6575          1.928
CFD            Long          1119          1.9296
CFD            Long          16455         1.9298
CFD            Long          13428         1.9332
CFD            Long          2197          1.9336

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.




Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         17 January 2008
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk