Result of AGM & EGM

Yoomedia PLC
17 May 2004

                   YooMedia PLC ('YooMedia' or the 'Company')
                     Result of AGM & EGM and Trading Update



YooMedia is pleased to announce that at its Annual General Meeting and the
subsequent Extraordinary General Meeting of the Company held earlier today, all
resolutions were passed. Consequently, YooMedia is pleased to announce the
successful placing of 28,000,000 new ordinary shares at 25 pence each in the
Company, raising £7 million in new funds, prior to expenses.



Application has been made for the new ordinary shares, which will rank pari
passu with existing ordinary shares, to be admitted to trading on the AIM Market
of the London Stock Exchange. For the purposes of EIS and VCT purposes the
admission of the new ordinary shares will occur in two tranches, with admission
of the first tranche and second tranche shares becoming effective and dealings
expected to commence at 8.00am on Tuesday 18th May and Wednesday 19th May 2004
respectively.



Micahel Sinclair, Chairman, gave a brief trading update in which he advised
shareholders that trading for the four months to April was broadly in line with
market expectations and management forecasts. Sinclair also said that the
integration of recent acquisitions - Fancy a Flutter and GoPlay TV - is
proceeding well and YooMedia is looking forward to substantially increased
revenues in the remainder of this year.



Sinclair further advised shareholders that the Company has signed a contract
with the Learning Skills Council to develop games to promote learning, although
he indicated that this was not going to be material to YooMedia's revenues as a
whole this financial year.  He added that a successful trial of Trigger Radio
with BBC Radio 5 live is drawing to a close and this technology is now ready to
be licensed on commercial terms. Commenting on YooMedia's cost base, Sinclair
said that since the announcement of the Company's 2003 results, headcount had
been reduced by 15% and reiterated that the management team are focused on
revenue generation as well as accelerating the time scale to profitability.







For further information, please contact:



David Docherty
Chief Executive Officer                                        020 7462 0870

Jonathan Apps
Chief Financial Officer                                         020 7462 0870

John Murray
Powerscourt PR                                                 020 7236 5630



About YooMedia:



YooMedia plc is a digital TV and wireless entertainment company that provides
services including chat, games, gambling and dating products. YooMedia has:



•         Recently acquired Fancy a Flutter, a popular fixed-odds gaming channel
featuring on Sky Digital's interactive menu and also within Sky Active and the
Betting Zone

•         acquired GoPlay TV Ltd. an interactive-games channel operated by Sony
Pictures Digital Inc. GoPlay owns and operates an interactive games channel
available on the first page of the interactive main menu on Sky Digital. Sony
now holds 10% of YooMedia

•         signed deal with BBC Radio Five Live for interactive SMS pilot using
YooMedia's Trigger Radio product on 606 for more than 2000 listeners to take
part in first two-way SMS initiative for radio

•         launched Cartoon Network games portal on ntl:home, the first
broadcaster games portal on NTL Home with a red-button link. The contract to
provide the service on cable has been extended by two years

•     developed and launched Dateline interactive dating services on Sky Active
in January 2004

•     signed an agreement with ntl: Home to distribute its products on its
digital interactive cable platform

•     pioneered (and successfully trialled in partnership with Turner
Broadcasting) the use of mobile phones to interact in real time broadcast
programmes.  Trigger TV and Trigger Radio technology is exclusive to YooMedia
and is patent protected

•     been selected by the government as the only dedicated interactive TV
company for the E-voting Framework

•         created iPublic, YooMedia's public sector subsidiary company, has
signed development partnerships for local government services with
BT, ITNET and Agilisys.



YooMedia plc is quoted on the Alternative Investment Market.



www.yoomedia.com




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