Statement re. Share Price Movement

Media Corporation PLC Statement in relation to the share price movement Media Corporation plc (the 'Group' or 'Media Corp') has noted a fall in its share price over the past few days. The Board knows of no reason for the mark down in the share price. In a recent trading update the Board re-iterated the Group's strong financial position and also the prospects presented by the online advertising sector in which the Group operates its business. Justin Drummond, CEO of Media Corp commented: 'With the Group's significant cash resources of £6.3 million at the financial year end combined with the unprecedented growth opportunities presented by the online advertising sector, the Group is very well positioned to generate accelerated revenue and profit growth in the coming years' For further information please contact: Media Corporation plc Justin Drummond, Chief Executive Nilesh Jagatia, Group Finance Director +44 (0)20 7618 9000 Buchanan Communications Charles Ryland/Suzanne Brocks/Susanna Gale +44 (0)20 7466 5000 Canaccord Adams Limited Clayton Bush, Vice President +44 (0)20 7050 6500 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: 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 and www.flightcomparison.co.uk. Online Advertising - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 30 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 www.mediacorpplc.com
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