Issue of Equity

Issue of Equity

Media Corporation PLC

Media Corporation Plc
("Media Corp" or the "Company")

Issue of Equity

Media Corp, the AIM quoted leading internet media and advertising group, announces that 670,391 ordinary shares of 1p each have been issued, in lieu of cash, to Rivington Street Holdings ("RSH") pursuant to contractual obligations for services provided to the Company.

Application has been made to the London Stock Exchange for the 670,391 new ordinary shares of 1p each to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 1st September 2011.

Following the issue of the new ordinary shares and as a result of the increase of shares in issue, the shareholdings of the Directors of Media Corp and their interests in the issued ordinary share capital are as follows:

Director	Â	Total number of shares held	Â	Percentage of issued share capital held
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Jason Drummond, Chairman		22,907,000		6.75%
Justin Drummond, CEO ***		24,503,907		7.22%
Nilesh Jagatia, Finance Director		840,345		0.25%
Chris Gorman OBE, Non Executive Director		563,157		0.17%
John Palmer, Non Executive Director		650,000		0.19%
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***Justin Drummond’s holding comprises a direct holding of 21,717,241 ordinary shares and an indirect holding of 2,786,666 ordinary shares held by his wife

Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 339,218,767 ordinary shares of 1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

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Media Corporation Plc	Â	Â	Â	Tel: [phone]
Justin Drummond - CEO
Nilesh Jagatia – Group Finance Director
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Northland Capital Partners Limited				Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
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XCAP Securities				Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
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Bishopsgate Communications				Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn
[e-mail]
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Notes to editors:

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

The Group has two principal divisions:

Online Gaming – Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network – Acquired in 2004, Eyeconomy specializes 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

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