Issue of Equity/Directors Sha

RNS Number : 8506Y

Asia Digital Holdings PLC

04 January 2011

4 January 2011

Asia Digital Holdings Plc

("ADH" or the "Company")

Issue of Equity / Directors Shareholdings

Asia Digital Holdings plc (AIM: ADH.L), an independent online marketing group, today announces that each of the Directors of the Company have on 29 December 2010 received part of their salaries in equity for the financial years ending 31 December 2011 and 31 December 2012 resulting in the issue of 59,162,200 new ordinary shares.

The shares have been issued at a price of 0.5p per share, a 92% premium to the closing mid-price on 28 December 2010 of 0.26p and the same price as the last issue of equity to investors in October 2009. Each Director has committed to sign a 2 year lock-in agreement on their shares received.

Adrian Moss, Chief Executive has agreed to receive 40 per cent. of his salary for each of the two years in equity resulting in the issue to him of 48,000,000 new ordinary shares.

David Lees, Non-Executive Chairman has agreed to receive 49 per cent. of his salary for each of the two years in equity resulting in the issue to him of 6,664,000 new ordinary shares.

Keith Lassman, Non-Executive Director, has agreed to receive 49 per cent. of his salary for each of the two years in equity resulting in the issue of 4,498,200 new ordinary shares.

The above issue of equity will save the Company £295,811 in basic salary costs over the coming two years.

Following the issue of the 59,162,200 new ordinary shares the total number of ordinary shares of 0.1p each in issue is now 767,930,884 and the Directors resultant shareholdings in the enlarged equity of the Company are as follows:

Director Number of shares

Adrian Moss 99,510,053 12.96 per cent

David Lees 12,175,456 1.59 per cent

Keith Lassman 5,683,494 0.74 per cent

The issue of equity to the Directors is to be treated as a related party transaction under AIM Rule 13. Since all of the Directors are receiving equity there are no independent Directors. Northland Capital Partners Limited (the Company's Nominated adviser) considers the terms of the issue of equity to be fair and reasonable insofar as its shareholders are concerned.

Application will be made for the 59,162,200 new ordinary shares to be admitting to trading on AIM and trading is expected to commence on 11 January 2011.

- Ends -

For further information, please contact: