Re SIS Dividend Policy

Catalyst Media Group PLC
15 January 2007


15 January 2007

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

                             Re SIS Dividend Policy

CMG owns a 22.2% stake in Satellite Information Services (Holdings) Limited
('SIS'), the leading producer of video, audio and data to over 9,700 licensed
betting offices in the UK and Ireland whose major customers include Ladbrokes,
William Hill, Coral and the Tote.

In the Company's Interim Statement for the six month period ended 30 September
2006, the Board stated 'SIS has, in the recent past, had a policy of declaring a
dividend every four years. In line with this policy, the Board believes a
significant dividend from SIS will be paid in the first quarter of 2007 which,
if paid will have a direct impact on profits and earnings.'

CMG has been advised that it is no longer the intention of SIS to pay a dividend
in the first quarter of 2007 and that the future SIS dividend policy is more
likely to be that it will pay regular annual dividends consistent with annual
profits instead of significant four yearly payments. SIS's future dividend
policy is to be discussed by the Board of SIS over the next few months, as will
the timing and quantum of the next dividend.

As a result of this possible change in policy by the board of SIS, the directors
of CMG will be discussing the implications of that possible change on its
funding arrangements and a further announcement will be made as appropriate.

SIS reported on 5th January 2007 that Britain's, third biggest betting shop
chain Coral followed the example of the two market leaders, William Hill and
Ladbrokes, by signing a long term deal to take live pictures, audio and data
provided by SIS until April 2011. SIS now has 68% of its customer base in long
term contracts, thus underpinning the future long term profitability of the
business.


Enquiries
Michael Rosenberg
Catalyst Media Group plc 020 7927 6699



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