MPC Disposal

ITV PLC 09 December 2004 9 December 2004 ITV sells Moving Picture Company ITV plc has agreed the sale of The Moving Picture Company Limited ('MPC'), a leading post production facility, to Thomson for a cash consideration of £52.7m. Following the recent sales of Carlton Books, and ITV's stakes in Village Roadshow and Thomson, this brings the total received from disposals of non-core assets to more than £260 million. ITV's ownership originates from Carlton's acquisition of MPC in 1983. Since then the business has grown significantly and now employs more than 400 people creating digital visual effects and computer animation for the advertising, music, television and feature film industries. Commenting, Charles Allen, Chief Executive of ITV said: 'This is the fourth disposal of non-core assets in the last four months and has been achieved at a good price and ahead of time. We have made very significant progress on restructuring our balance sheet, reducing debt, delivering the benefits of the merger and driving shareholder value.' Contacts: ITV Tel: 020 7620 1620 James Tibbitts - Director of IR and Company Secretary Brigitte Trafford - Communications Director Citigate Dewe Rogerson Tel: 020 7638 9571 Jonathan Clare Simon Rigby Alex Brown This information is provided by RNS The company news service from the London Stock Exchange SEALANEFPLFFE

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