New Contract and Update

Yoomedia PLC
29 June 2006

            YooMedia plc / Ticker: YOO / Index: AIM / Sector: Media

29 June 2006

                    YooMedia plc ('YooMedia' or the 'Group')


                   New Contract with Catalyst Media Group plc
                    And Convertible Loan Agreement Revision



YooMedia plc, the AIM-traded interactive media and games group, has signed an
agreement with Catalyst Media Group plc ('Catalyst') to provide them with an
interactive digital head to head gaming platform and various games licences for
a consideration of up to £2 million, to be satisfied by the issue of up to
44,444,445 new Catalyst ordinary shares ('New Catalyst Shares').  YooMedia will
also receive royalties between 20 per cent. and 30 per cent. of net revenues
arising from Tringo and the fixed odds games.


Under the agreement, YooMedia will provide an online gaming system and rights to
a range of online games to Catalyst, an AIM-traded media company that manages
and distributes high quality audio-visual content using interactive digital
technology.  The rights package includes exclusive rights to YooMedia's new
Tringo game for head to head gaming, where players play against each other
online. The gaming system will support further head to head games as well as
fixed odds games, which will be provided by YooMedia, including roulette, keno,
slots and dice games.


YooMedia's Group Managing Director Neil MacDonald said:  'This agreement
reiterates our ongoing message: that we have great technology, which leading
companies in the market recognise, resulting in YooMedia establishing a growing
number of profitable commercial relationships.'


The terms of the agreement with Catalyst


Up to 44,444,445 New Catalyst Shares will be issued to YooMedia.  Of these,
32,777,778 shares will be issued immediately with the balance of 11,666,667
shares to be issued on 29 July 2006 on the satisfaction of certain performance
criteria. 29,629,630 New Catalyst Shares will be subject to orderly market
arrangements for a period between three and six months.


Convertible Loan Arrangement Revision


The Company is pleased to announce that the convertible loan arrangement with
Platinum Partners LLP and Highbridge International LLC, completed on 11 May
2006, has been amended to reflect the following terms:

  • The conversion ceiling price has been restored to 12p
  • The conversion price is set at 90 per cent. of the average of five
    volume-weighted average prices chosen by the holder in the preceding 20
    consecutive trading day period.



                                  * * ENDS * *

Contacts:

Neil MacDonald           YooMedia plc                      Tel: [phone]
Isabel Crossley          St Brides Media & Finance Ltd     Tel: [phone]



Notes on YooMedia plc:

YooMedia is one of the fastest growing interactive entertainment companies in
the UK.  Essentially, it develops and delivers premium interactive content and
services to households and individuals via TV, the web, telephony and mobile
phones.  It has four main divisions:

•  YooMedia Dating - manages dating brands including Dateline and Avenues from 
   over 20 locations throughout the UK. Operates across traditional media, 
   digital TV, internet and mobile phones.

•  YooMedia Gambling & Games - interactive fixed odds, play for fun casino and 
   poker related games services for digital TV, the web and mobile phones.  
   Brands include Channel 425, while it also manages YooPlay, the only
   interactive games channel found on all four Digital TV platforms in the UK 
   and Avago, which was established by YooMedia and is now managed on behalf of 
   Gala Group.

•  YooMedia Enhanced Solutions (YES) - delivers interactive content that 
   enhances consumer and audience experiences.  Customers include the BBC,
   Nestle, Celador, William Hill, Channel 4, The Cartoon Network and HR Owen.

•  YooMedia Public Sector - provides digital solutions/media services to
   leading public sector organisations including the NHS Direct
   Interactive TV service for the Department of Health, the Learning and Skills
   Council TV Kickstart service and a range of local authority TV services.


The Group's experienced management team includes: Chairman, Dr. Michael
Sinclair, who holds a number of directorships in both the UK and the USA having
previously founded Lifetime Corporation; and Managing Director, Neil MacDonald,
whose career spans 11 years in multimedia and interactive sectors plus a further
19 years in the retail industry.






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            The company news service from the London Stock Exchange