Interest in SIS

Catalyst Media Group PLC
10 November 2005

10 November 2005 

Catalyst Media Group PLC

Increase in interest in Satellite Information Services (Holdings) Limited

Catalyst Media Group PLC ('CMG') is pleased to announce that Satellite
Information Services (Holdings) Limited ('SIS') has purchased 20,638 of its own
shares from the Racecourse Association for a consideration of £10.7 million in
cash. As a consequence, CMG's interest in SIS has increased from 16% to 17.6% at
no cost to CMG. Accordingly, CMG's share of the profits from and any future
dividend paid by SIS will increase from 16% to 17.6% with immediate effect.

CMG acquired its interest in SIS in September 2005 by the purchase
of Alternateport Limited from United Business Media plc (the
'Acquisition'). This acquisition was made through CMG's subsidiary, Catalyst
Media Holdings Ltd, which is owned as to 80% by CMG and 20% by Eureka
Interactive Fund Limited. At the time of the Acquisition, Alternateport owned
20% of SIS which has increased to 22% as a result of the share buy-back
described above.

Since the completion of the Acquisition in September 2005, CMG has embarked on a
strategy to de-risk and reduce costs in the Group so as to maximise the benefit
to shareholders of its ownership in SIS. As part of this process GMS, the New
York based Media Services business, has been sold to management and Betelgeuse
Productions Inc ('BPI'), the New York based television production company, has
entered into a joint venture with Pow Pix Productions who have assumed the
responsibility for running the post production facility. As a result of this
agreement BPI's annual cost base has been reduced to less than £100,000. The
Group is currently in discussions with a number of interested parties with
regard to its remaining US subsidiary, NPG Inc., which operates the world's
leading stock footage portal, Footage.net.

In the UK a comprehensive re-structuring has been implemented which has reduced
overheads by a further £500,000 annually and the Group now employs a total of 12
people worldwide.
Notwithstanding this reduction in overhead the Group continues to generate
revenues from its on-going relationships with GMS, BPI and Footage.net as well
as its content licensing activities in the UK and its investment in SIS.

Enquiries
Paul Duffen
Catalyst Media Group PLC
020 7927 6699



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