Exchangeable Bonds

ITV PLC
28 September 2004

28 September 2004

                        ITV purchases Exchangeable Bonds

ITV plc announces that on 27 September, 2004 it purchased €34,511,000 of its
2.25% Exchangeable Bonds 2007 (the 'Bonds').  Following cancellation of the
purchased Bonds, €482,872,000 nominal amount of the issue will remain
outstanding.



The Bonds were issued by Carlton Communications plc in November 2001 and were
transferred to ITV plc in July 2004 following the merger of Carlton
Communications plc and Granada plc.  The Bonds are exchangeable at the holders'
option into shares in Thomson.  The Exchangeable Bonds can be put back to ITV
plc by investors at par in January 2005 and mature in 2007.

On 22 September ITV plc announced that it had sold its entire holding of 15.5m
shares in Thomson and ITV plc has put separate hedging arrangements in place in
respect of the contingent exchange liability associated with the remaining
Bonds.

This repurchase does not alter ITV's net debt position.




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