Agreement with Shareholders

Yoomedia PLC
28 February 2003

YooMedia PLC ('YooMedia' or the 'Company') assists shareholders in potential
claims against third parties



YooMedia, the interactive TV entertainment company, today set in place
arrangements which resolve issues between the Company and the action group of
the Company's shareholders, by paying over to the action group funds to assist
in the prosecution of potential civil claims against the Company's former
advisers. The potential claims relate to the Prospectus issued by the Company as
e-district.net plc in connection with its initial public offering ('IPO') in
March 2000.



Pursuant to an agreement entered into on 30 January 2003, the Company has paid
£750,000 to the action group, which will be used to fund the pursuit of the
potential claims against former advisers relating to the IPO. The funds will be
repaid to the Company out of any recoveries made by the action group. The action
group has dropped all potential claims against the Company. The implementation
of the settlement with the action group follows the earlier successful
settlement of claims by the Company against its former chairman Steven Laitman
by a distribution of Mr. Laitman's shareholding in the Company to shareholders.



Michael Sinclair, YooMedia's Chairman and CEO said, 'I am pleased that the
Company has been able to provide assistance to its shareholders in this way, and
at the same time protect itself from the threat of litigation from those same
shareholders.'



Since the financial irregularities were discovered in February 2001, YooMedia
has staged a remarkable turnaround, repositioning itself as the leading
interactive TV company in the UK partnering with a number of high profile
companies including Sky, Turner Broadcasting and Dateline.



On 5th February 2003, YooMedia announced that it had been selected by the
government for inclusion on the interactive TV e-voting 'Framework' by the
Office of the Deputy Prime Minister, to develop secure iTV voting for local and
general elections, and is the only dedicated interactive TV company to be
selected for the Framework.



The last quarter has also seen YooMedia launch yoome2, the first ever
subscription 24/7chat service on digital television and games channel which
includes the game Tetris as part of its games line up. Since launch on 20th
December 2002, over 20,000 Telewest subscribers have registered for games and
chat on yoome2.



On 20th January 2003, YooMedia appointed David Docherty to the position of
Non-Executive Board Director. David was previously Deputy Director of Television
and Director of New Media at the BBC before becoming Managing Director of
Broadband at Telewest Communications. He is also a regular columnist for Media
Guardian.



A variety of other revenue-generative product launches are planned during the
next few months, including the Dateline dating service on satellite and cable
and Cartoon Network pay-per-play games on cable.




For further information, please contact:

Michael Sinclair
Chairman and CEO                        020 8515 2800


                      This information is provided by RNS
            The company news service from the London Stock Exchange