Vimio PLC

Re Contract


                                   VIMIO PLC                                   

                          ("Vimio" or the "Company")                           

            LICENCE AGREEMENT SIGNED WITH TELECOM EXPRESS IN RUSSIA            

Vimio PLC, a leading provider of live mobile TV media distribution solutions
and content to mobile network operators, is pleased to announce that it has
signed a licence agreement with ZAO Telecom Express ("Telecom Express"), a
leading systems integrator and supplier of solutions, products and services in
the Russian and CIS markets.

The licence will give Telecom Express the right to market and sell Vimio's live
TV and shopfront software to mobile network operators and mobile phone
subscribers in Russia and other CIS countries. Under the terms of the
agreement, Vimio has received an upfront licence fee and will receive a further
fee per subscriber.

Telecom Express will commence the roll out of live TV and downloadable video
and audio content in the Russian market during the next four months.

The directors of Vimio now expect to publish the results for the year ended 31
December 2006, no later than 26 June 2007.

Malachy Harkin, Chief Executive Officer of Vimio commented:

"The Russian mobile market is growing exponentially at present. Telecom
Express' expertise in the telecoms, mobile and broadcast industries provide us
with an accelerated entry into the Russian market.

Andrey Filatov, Chief Executive Officer of Telecom Express said:

"Vimio's technology was selected as our video streaming and advanced content
distribution platform after a rigorous selection procedure. The massive
increase in demand for mobile phone value-added services in the Russian market,
combined with Vimio's ability to provide content streaming efficiently over
GPRS and EDGE, will enable us to capture large numbers of subscribers in
advance of the expected roll out of 3G services in Russia next year."

Vimio PLC

Padraic Marren +353 (0)87 698 0943


John East & Partners Limited

Jeffrey Coburn +44 (0)20 7628 2200