Loan Notes/Additional Listing

Catalyst Media Group PLC
06 July 2006

6 July 2006

                            Catalyst Media Group plc

                         ('Catalyst' or 'the Company')

               Cancellation of Loan Notes and Additional Listing

Catalyst announces that application is being made for the admission of
13,751,375 new ordinary shares of 1p each in the Company ('New Ordinary Shares')
to trading on the AIM market of the London Stock Exchange.

The New Ordinary Shares have been issued to John Servidio and Sam Domenico, in
satisfaction of the principal amount of £1.09 million due under loan notes
issued pursuant to the acquisition of Betelgeuse Productions Inc in March 2004.
At the closing mid market price of 3.5p on 30 June 2006 the New Ordinary Shares
have a value of £481,298, resulting in a saving of £608,702 to the Company.

It is expected that admission will become effective and that dealings in the New
Ordinary Shares will commence on 12 July 2006.


End



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