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Media Holdings PLC (MDHP)

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Tuesday 05 February, 2008

Media Holdings PLC

Acquisition(s)


Media Holdings plc

5 February 2007


            Media Holdings plc (`Media Holdings' or `the Company')             

         Media Holdings acquires shareholdings in two media companies          

Media Holdings (PLUS: MDHP), has today announced that it has acquired
significant shareholdings in two media companies - Aquarius Media Plc
(`Aquarius') (PLUS AQMP) and Red Dragon Investments Plc (`Red Dragon') (PLUS:
RDIO) - both of which have a trading facility on the PLUS-quoted market.

The Company has acquired 6,000,000 ordinary shares in Aquarius (representing
7.05 per cent. of its issued share capital) and additionally entered into a one
year option to acquire a further 17.24 per cent. shareholding at 4 pence per
share. Aquarius was established in March 2007 for the purposes of making
investments in the public relations and marketing sectors. In July 2007
Aquarius acquired Full Portion Media Limited a public relations business which
aims to create, launch and sustain clients in prominent positions within the
media.

In addition, Media Holdings has today acquired 15,500,000 ordinary shares in
Red Dragon (representing 11.77 per cent. of its issued share capital). In
September 2007, Red Dragon acquired GJA Communications Limited ("GJA"), a
strategic communications agency operating in the marketing services sector,
with specific emphasis on communication strategy, public relations and event
management.

The consideration for the above acquisitions has been satisfied by the issue of
39,000,000 new ordinary shares at an issue price of 1 pence per share
("Ordinary shares") to Financial One Securities Limited together with a
convertible loan note for £121,250. The loan note is convertible by the
noteholder into a maximum of 12,125,000 new ordinary shares at 1 pence per
share. The new Ordinary Shares rank pari passu in all respects with the
existing Ordinary Shares in issue.

The Company has today been notified that Financial One Securities Limited has
an interest in 39,000,000 shares representing 29.93 per cent. of the Company's
issued share capital..

Following the above issue of equity, the Company's newly enlarged issued share
capital is 130,283,333 ordinary shares of 0.5 pence each.

Chairman Vince Nicholls said today-

"These investments further Media Holdings' strategy to develop, acquire and
invest in opportunities within the public relations and marketing sectors. I
have been closely involved in the initial development of both Aquarius and Red
Dragon and I'm looking forward to being part of their growth through Media
Holdings."

For further information contact:

Media Holdings plc

Vince Nicholls, Chairman

Tel: 07767 420160

City Financial Associates Limited

Ross Andrews, PLUS Corporate Adviser

Tel: 020 7492 4777

The Directors of the Company take responsibility for this announcement.


                                                                                                                                                                                        

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