Issue of Equity

Issue of Equity

Media Corporation PLC

Media Corporation plc
('Media Corp' or “the Group')
(AIM:MDC)

Issue of Equity

Media Corp, the AIM quoted leading internet media and advertising group, announces that 2,509,091 ordinary shares of 1 pence each (“Ordinary Shares”) have been issued, in lieu of cash, to Rivington Street Holdings (“RSH”) pursuant to contractual obligations for services provided to the Company.

Application has been made for 2,509,091 Ordinary Shares to be admitted to trading on the AIM Market and dealings are expected to commence on 27 February 2009. Following admission, Media Corp will have a total of 265,333,661 Ordinary Shares in issue.

Tom Winnifrith, CEO of Rivington Street Holdings commented:

“We are delighted to be working with Media Corp. We believe that the shares are undervalued and they will sit on the RSH balance sheet as a long term investment growing our asset base.”

For further information please contact:	Â
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Media Corporation plc		Tel: + 44 020 7618 9000
Justin Drummond, Chief Executive
Nilesh Jagatia, Group Finance Director
www.mediacorpplc.com
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Daniel Stewart & Company plc		Tel: + 44 0 20 7776 6550
Simon Leathers/Charlotte Stranner
www.danielstewart.co.uk
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Bishopsgate Communications		Tel: + 44 0 20 7562 3350
Jenni Herbert/Gemma O’Hara
[e-mail]

Notes to editors

Listed on the AIM market of the London Stock Exchange, Media Corp is a leading internet media and advertising group focused on website publishing and online advertising.

The Group has two principal divisions:

Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 32 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.

www.eyeconomy.co.uk

Website Publishing - Media Corp has a diverse publishing division specialising in online media. Our impressive portfolio of websites includes a number of market leading sites including:

www.gambling.com

www.onthebox.com

www.sport.co.uk

www.creditcardexpert.co.uk

www.flightcomparison.co.uk