Operations Update

Operations Update

Media Corporation PLC

Media Corporation Plc

("Media Corp" or the "Group")

Operations Update

The Board of Media Corporation plc is pleased to announce that it has reached agreement, with a number of parties, in respect of certain matters raised by the Company, principally concerning the sale of certain of its publishing assets in April 2012. Pursuant to the agreements which have been entered into, the Company will resume full ownership of a number of websites previously sold by the Company including www.onthebox.com and www.flightcomparison.com, as well as receiving a cash settlement of £196,000.

The Company believes that the websites that it has reacquired have the potential to be profitable and the Board will be working to ensure that maximum value is created from these sites in the future.

In addition, the Group estimates that c£80,000 of liabilities, relating to separate matters will be removed, across the Group.

The Board is committed to building shareholder value and we look forward to updating shareholders at today’s General Meeting.

Further announcements will be made as and when appropriate.

--ENDS--

Contacts:

Media Corporation Plc	Tel: [phone]
Phil Jackson – Chairman
Adam Fraser-Harris – Interim CEO
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Northland Capital Partners Limited	Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities	Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications	Tel: + 44 20 7562 3350
Nick Rome/Sam Allen
[e-mail]