Issue of Shares

Catalyst Media Group PLC
23 September 2005


23 September 2005

Catalyst Media Group Plc ('Catalyst Media' or the 'Company')

                                Issue of Shares

Catalyst Media has made an application for 3,055,556 ordinary shares of 1p each
('Ordinary Shares') to be admitted to trading on AIM pursuant to an agreement
between the Company and David Paradine Productions Limited ('DPP'), a
company associated with Sir David Frost, in respect of royalties due to DPP,
details of which were set out in the admission document dated 5 August 2005.

Following the issue of shares, Sir David Frost will be interested in 6,388,889
Ordinary Shares, representing 1.02% of the enlarged issued ordinary share
capital.




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