Acquisition

Catalyst Media Group PLC
25 August 2006


25 August 2006

Catalyst Media Group plc

                                  Acquisition

Catalyst Media Group plc ('CMG' or the 'Company') announces that further to the
announcement on 29 June 2006 it has today completed the acquisition of the
balance of the total issued share capital of Spoof.com Ltd ('Spoof'). Spoof has
developed an on-line head-to-head version of the traditional spoof pub game.
This will be a key constituent of a new on-line gaming platform to be launched
by CMG, complete with a suite of fixed odds and exclusive head-to-head games.
The platform will enable gamers to play head-to-head for cash or prize based
games across mobile phone, PC and TV platforms.

Paul Duffen, CEO of CMG commented 'The head-to-head gaming sector is an under
exploited and potentially lucrative market with exciting growth prospects. The
acquisition of Spoof fits perfectly with our recently announced partnership with
YooMedia plc, bringing together their leading interactive technology and our
expertise in marketing and distribution to portals, ISP's and on-line
communities. As a result, the total incremental cost to CMG of running the
on-line gaming platform will be less than £100,000 per annum. This initiative
combines our experience in the distribution of on-line content, with our focus
on the gaming and betting industry as reflected in our acquisition of a 22.16%
stake in SIS in September 2005.'

CMG acquired 9.09% of Spoof.com Ltd in November 2005 for a cash consideration of
£25,000. Further to the announcement made on 29 June 2006, the consideration for
the acquisition of the remaining 90.91% has changed to comprise a total of
55,556,107 new ordinary shares at 1p each in CMG ('CMG consideration shares'),
25,252,776 of which will be issued and allotted at completion, with the balance
of up to 30,303,331 to be issued on satisfaction of certain performance targets
over a three year period from the date of launch, expected to be in the first
quarter of 2007.

All shareholders who currently own more than 10 per cent of the issued share
capital of Spoof have entered into lock-in arrangements, pursuant to which they
must retain 50 per cent of the CMG consideration shares issued to them for a
period of six months following allotment. They will receive 9,828,377 of the CMG
consideration shares issued at completion and up to 21,622,432 of the total CMG
consideration shares that may be issued.

Enquiries:
Paul Duffen, Chief Executive
Catalyst Media Group plc
[phone]




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