Change of Name

e-district.net PLC 27 February 2002 E-district.net plc E-District To Change Name to yoomedia plc The board of e.district.net plc announces that it intends to change its name to yoomedia plc. The name change is subject to shareholder approval, which will be sought within the next month. The name change to yoomedia plc reflects the company's successful transition from an internet-based operation to its focus on interactive digital television. yoomedia is now positioned as a provider of participation-based entertainment products for digital TV network operators and broadcasters. Andrew Fearon, Chief Operating Officer, said, 'In yoomedia we have a name which truly expresses our character as an interactive digital community. We are already generating millions of minutes of chat and gaming per month across interactive TV platforms. The new brand name plays on 'you' and 'me', demonstrating the two-way nature of our products. yoomedia perfectly captures our expertise in engaging viewers both in interactive dialogue and compelling games entertainment.' Michael Sinclair, Executive Chairman and Chief Executive, said, 'Our core business is now exclusively the provision of enhanced chat, messages, and games for interactive TV. Our old name reflected the PC-based nature of the company's original services. Moreover, its brand value was seriously harmed by the discovery of financial irregularities last year. However, we have now made a new start in the direction of interactive TV, we have strengthened our management team, and we are taking the business forward with creativity and innovation to deliver working solutions for network operators and broadcasters. It is therefore appropriate to rename the company to reflect our future strategy and growth.' Contact: Graham Prince 020-7690-0879 This information is provided by RNS The company news service from the London Stock Exchange

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