Statement re. Suspension

Media Content PLC
24 July 2002

24 July 2002



Media Content plc





 Notice of request of Media Content plc to suspend trading and decision by the
                    board to convene a shareholders' meeting



On 11 July 2002, Media Content plc ('Media Content' or the 'Company'), the
sports rights and media advisory business, issued an announcement which included
the following statement:

'The Company was, until recently, in talks which the Board reasonably believed
would lead to an acquisition constituting a reverse takeover which would have
been accompanied by a fundraising.  These talks have now been terminated and, as
a result of this situation, the Board recognises that the Company may not have
sufficient working capital for its medium term requirements.

Media Content is currently exploring its strategic options. In the event that
this process does not reach a successful conclusion by the end of this month,
the directors believe that it is unlikely that the Company will be able to
secure sufficient new funding to meet its commitments as they fall due.
Consequently the directors would be obliged to pursue alternative solutions.'



The Board announces that, having explored all its strategic options, it believes
that there are no further opportunities which could lead to a successful outcome
for the Company, its shareholders or creditors.  Accordingly, the Board of Media
Content has resolved to call a shareholders' meeting to seek approval to wind up
the Company.  The Board has therefore requested that the London Stock Exchange
temporarily suspends the Company's shares pending both further verification of
the Company's financial position and the outcome of the shareholders' meeting.



In the event that the shareholders vote to place the Company into liquidation,
the Board does not believe that there is likely to be any remaining value
available to be distributed to shareholders following the completion of the
liquidation process.



In accordance with the Company's Articles of Association, the Board expects that
a shareholders' meeting to wind up the Company will take place within the next
four weeks.  In addition, the Board expects that a meeting of the creditors of
the Company will be convened within the same period.



The Board expects to provide formal notice convening both the shareholders
meeting and the meeting of the creditors of the Company within the next few
days.





ENDS






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