Disposal

Catalyst Media Group PLC
29 March 2007


                            Catalyst Media Group Plc
                          ('Catalyst' or 'the Company')
                                        
                     Disposal of 1.67 per cent. interest in
            Satellite Information Services (Holdings) Limited ('SIS')

The Directors of Catalyst are pleased to announce the disposal of 1.67 per cent. 
of the Company's 22.2% per cent stake in SIS to Fred Done of BetFred bookmakers.

As announced by the Company on 12 March 2007, the SIS board and its five principal 
shareholders agreed to offer to Fred Done of BetFred bookmakers a shareholding 
in SIS and as such agreed in principle to sell 7.5 per cent. of SIS to Fred Done 
pro rata to their current shareholdings. On that basis, the Company entered into 
a (non-binding) agreement in principle with Fred Done that it would sell shares 
representing 1.67 per cent. of SIS's issued share capital to Fred Done for the 
sum of £1.9 million in cash.

On 29 March 2007, the Company completed this disposal. As such, Catalyst now 
owns a 20.51 per cent. interest in SIS subject to certain ongoing rights held by 
Investec Bank (UK) Limited pursuant to its warrant as stated in the prospectus 
dated 12 March 2007. The Company intends to hold this stake for the foreseeable 
future in view of the anticipated growth in SIS and in anticipation of regular 
dividends being paid. The proceeds from this sale will be applied to reduce the 
existing facility that the Company has with Investec Bank (UK) Limited.

Enquiries:

Catalyst Media Group plc
Michael Rosenberg
Tel: [phone]

Strand Partners
James Harris/Angela Peace
Tel: [phone]




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