Issue of Equity and Director Shareholding

Issue of Equity and Director Shareholding

Media Corporation PLC

20 August 2010

MEDIA CORPORATION PLC

(“Media Corp” or the “Group”)

Issue of Equity and Director Shareholding

Issue of Equity

Media Corp, the AIM quoted leading internet media and advertising group, announces that 1,259,259 ordinary shares of 1 penny each have been issued, in lieu of cash, to Rivington Street Holdings ("RSH") pursuant to contractual obligations for services provided to the Company.

A further 1,750,000 ordinary shares of 1 penny each have been issued following the exercise of warrants by employees.

Application has been made for 3,009,259 ordinary shares to be admitted to trading and dealings are expected to commence on 25 August 2010. Following admission, Media Corp will have a total of 338,548,376 ordinary shares in issue.

Director Shareholding

Further to the issue of equity and as a result of the increase of shares in issue, the shares held by the Directors of Media Corp are as follows:

Director	Â	Total number of shares held subsequent to the purchase	Â	Percentage of issued share capital held
Â		Â		Â
Jason Drummond, Chairman		22,907,000		6.8%
Justin Drummond, CEO ***		23,003,907		6.8%
Nilesh Jagatia, Finance Director		410,345		0.1%
Chris Gorman OBE, Non Executive Director		563,157		0.2%
John Palmer, Non Executive Director		650,000		0.2%

*** The announcement dated 12 August 2010 was incorrectly stated - Justin Drummond has a direct holding of 20,217,241 ordinary shares and an indirect holding of 2,786,666 ordinary shares that are held by his wife.

Further information can be found on the Group’s website, at www.mediacorpplc.com, or by contacting:

Media Corporation plc Tel: [phone]
Justin Drummond - CEOJustin Drummond - CEO
Nilesh Jagatia - Finance Director Nilesh Jagatia - Finance Director

Astaire Securities plc Tel: + 44 20 7492 4750
Luke Cairns / Avi Robinson (Nomad)Luke Cairns / Avi Robinson (Nomad)
Charles Vaughan (Broking)Charles Vaughan (Broking)

XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly (Broking) John Grant / Karen Kelly (Broking)

Bishopsgate Communications Tel: + 44 20 7562 3350
Gemma O'Hara/Siobhra MurphyGemma O'Hara/Siobhra Murphy
[e-mail]

Threadneedle Communications Tel: [phone]
Graham Herring/Alex White Graham Herring/Alex White

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading media and online gaming group.

The Group has two principal divisions:

Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.

www.eyeconomy.co.uk

Website Publishing - Media Corp has a diversified publishing division specialising in online media and gaming.

The impressive portfolio of websites includes a number of market leading websites, such as www.purple-lounge.com, www.gambling.com, www.onthebox.com, www.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk.

Further information can be found on the company's website, at www.mediacorpplc.com