Treasury Stock

Treasury Stock

Media Corporation PLC

Media Corporation Plc
("Media Corp", the "Company" or the “Group”)

Sale of Treasury Shares

Media Corp, a leading AIM quoted media and online gaming group, is pleased to announce that it has today placed its entire holding of 29,102,728 treasury shares with institutional and other investors at a price of 3 pence per share. The placing will raise £0.87 million for the Company.

Of these shares, 15,102,728 have been placed with an existing private investor in the Company for settlement on Thursday 11 February. The remainder have been placed with new institutional and other investors.

Following the sale of the treasury shares, the Share Capital of the Company is 296,186,389 Ordinary Shares of 1 penny each. The figure of 296,186,389 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.

Justin Drummond, Chief Executive of Media Corp commented:

“Whilst the Group had significant cash of over £2.3 million as at 31^st December 2009, the additional funds raised will give the Group further funds to pursue new acquisition opportunities.

“Having concluded and successfully integrated the acquisition of Purple Lounge Limited in October 2009 we are now very well positioned to pursue further earnings enhancing acquisitions in 2010. In addition, the Group will make a profit of £0.16 million on its holding of the treasury shares underpinning the original share buy back strategy.”

Media Corporation Plc	Â	Tel: [phone]
Justin Drummond - CEO		Â
Nilesh Jagatia - Finance Director		Â
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Astaire Securities Plc		Tel: + 44 20 7448 4400
Lindsay Mair / Katie Shelton		Â
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Bishopsgate Communications		Tel: + 44 20 7562 3350
Robyn Samuelson / Gemma O'Hara		Â
[e-mail]		Â
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Threadneedle Communications		Tel: [phone]
Graham Herring / Josh Royston		Â

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.purplelounge.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