Interest in SIS

Catalyst Media Group PLC
02 October 2006

2 October 2006

               Catalyst Media Group plc ('CMG' or the 'Company')

                                Interest in SIS

CMG is pleased to announce that it has today repaid the balance of £10.64
million to redeem the Deep Discount Bonds held by The Eureka Interactive Fund
Ltd ('Eureka'), issued to Eureka at the time of CMG's acquisition of an interest
in Satellite Information Services (Holdings) Limited ('SIS'). CMG acquired its
interest in SIS by the purchase of Alternateport Limited from United Business
Media plc. The acquisition was made through CMG's subsidiary, Catalyst Media
Holdings Limited ('CMH'), which was owned as to 80% by CMG and 20% by Eureka.
The Company has exercised its call option to acquire the 20% interest not
currently held by it in CMH from Eureka for a cash consideration of £5.5
million. In order to finance this transaction and the associated costs, CMG has
drawn down £17.3 million of an £18.625 million facility ('Facility') that has
been arranged with Investec Bank (UK) Limited ('Investec'), on terms which are
more favourable than those provided by Eureka.

The Facility runs until December 2010 and is secured against the assets of CMH
and Alternateport, both of which are now wholly owned subsidiaries of CMG. Under
the terms of the agreement with Investec all capital repayment and interest
charges are rolled up and payable from any dividends received from SIS during
the term.

As a result of this transaction CMG now owns a 22.2% stake in SIS and will
therefore receive 22.2% of future dividends paid by SIS.

Enquiries:

Paul Duffen, Chief Executive

Catalyst Media Group plc

0207 927 6699




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