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Vimio PLC (VIM)


Wednesday 04 April, 2007

Vimio PLC

Ukrainian Joint Venture

To be embargoed until 7.00am on                                                              
 4 April 2007

                                  VIMIO PLC                                   

                                  ("Vimio" )                                   


                Business Partner to invest US $2 million in VEE                

Vimio, a leading provider of live TV, media distribution solutions and content
to mobile network operators, is pleased to announce that it has entered into a
joint venture with Nichols Limited., a British Virgin Islands company owned by
Ukrainian investors, through a newly incorporated company VEE, to commence
operations in the Ukraine

Under the terms of the joint venture agreement, Nichols will invest US$2
million in VEE to establish an operations centre in Kiev, in return for a 50%
equity stake in VEE. Vimio has granted a software licence to VEE enabling it to
exploit Vimio's technology to provide content to mobile network operators in
the Ukraine market. VEE's head office will be located in Kiev.

VEE intends to enter into revenue sharing agreements, for live TV and other
content, with the TV Channels and mobile network operators in the region, for
delivery over existing GSM networks. VEE also intends to exploit the popular
music market for music downloads, videos and live radio by launching its
Shopfront application which will enable users to search, purchase and download
all types of content on their phones.

At the end of 2006 there were over 50.5million subscribers using mobile
services in Ukraine. The two largest mobile network operators in the Ukraine
have over 42 million subscribers both of whom have conducted initial
evaluations of the company's technology. Roll out of live TV and content
services is expected in the third quarter of this year.


Vimio plc                                                                      
Padraic Marren, VP Business Development      
Tel: +353 1 865 2400 / + 353 87 6980943                           
John East and Partners                       
Tel: +44 (0)20 776282200          
Jeffrey Coburn                                                                 


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