Acquisition

Yoomedia PLC
22 June 2004


                   YooMedia Plc ('The Company' or 'YooMedia')

                                  Acquisition

   • Acquiring the business and assets of the UK's best-known dating brand,
     Dateline,together with Club Sirius and Elite Introductions
   • Acquiring Jiles Limited, which owns Avenues, Clicked, and Simply Love
   • Securing a content integration and aggregation play through YooMedia
     Dating - which will become the largest UK-owned dating businesses with
     access to iTV, internet and mobile, and the largest offline dating business
     in the UK.
   • Combined business is profitable and immediately provides a positive
     contribution to earnings, with a minimal cash outlay

YooMedia, the interactive media group - through its wholly owned subsidiary
YooMedia Dating Limited ('YooMedia Dating') - has acquired the business and
assets of One Saturday plc, which include two of the best-known brands in the
dating marketplace, Dateline and Club Sirius. YooMedia Dating has also acquired
Jiles Limited, which owns and operates Avenues, Clicked and Simply Love.

These acquisitions make YooMedia Dating one of the largest dating businesses in
the UK, both online and offline. Operated by an experienced management team it
will provide opportunities to create a dating experience for all people from all
walks of life either in person, over the phone, the internet, interactive TV or
via mobile devices.

David Docherty, chief executive of YooMedia, said: 'These transactions help us
realise our ambition to attain a leading position in dating, which is one of our
core content sectors. These businesses give us market reach and cross-marketing
opportunities, and we can use our expertise to develop the brands in new media
including interactive television, the internet and wireless.

'They fit perfectly with our strategy of building deep content businesses, and
are another example of how we are aggregating content in our core areas of
dating, games, gambling and chat.'

Dateline, Club Sirius and Elite Introductions

The business and assets of Dateline, Club Sirius and Elite Introductions, owned
by OneSaturday plc, have been acquired by YooMedia Dating for a total of
£500,000 cash (£250,000 of which goes to repay debt) and 1.5 million ordinary
shares of 1p ('Ordinary Shares') in YooMedia. All of these shares are subject to
orderly market provisions and half are subject to a six month lock-up
arrangement from the date of admission to AIM.
Application has been made for the 1.5 million new Ordinary Shares being issued
pursuant to the acquisitions detailed above, to be admitted to trading on AIM.
Once issued, the new Ordinary Shares will rank pari passu with the existing
ordinary shares. Admission is expected to become effective on Monday 28 June
2004.

One Saturday made unaudited earnings before interest, tax, depreciation and
amortisation of £60,000 on revenues of £2.7 million in the year to 30 April
2004.

Jiles Limited

The consideration for Jiles Limited ('Jiles') is being satisfied by the issue of
25 per cent of the equity of YooMedia Dating to the owners and management of
Jiles (the 'Jiles Shareholders'). The management will remain with the group and
will play a leading role in operating YooMedia Dating, which will comprise all
YooMedia's dating interests including the brands Dateline, Club Sirius, Elite
Introductions, Avenues and Simply Love. The remaining 75 per cent of YooMedia
Dating will be owned by YooMedia.

A put and call option has been put in place whereby YooMedia can acquire, or the
Jiles shareholders can require, that YooMedia purchase, either with cash or
shares (at YooMedia's discretion), all of the shares owned by the Jiles
Shareholders in YooMedia Dating on an arm's length basis between 24 and 48
months post completion of the acquisition. In addition, an option over a further
10 per cent of YooMedia dating has been granted to certain of the employees of
YooMedia Dating, which is exercisable following the execution of the put and
call option, provided the value of YooMedia Dating exceeds £6m.

Jim Weir, currently managing director of Jiles, will become managing director of
YooMedia Dating. He said: 'Having built a successful business in the dating
arena, I see a tremendous opportunity to take the concept to the next level by
leveraging both the critical mass which will be created by this transaction and
the interactive media expertise that comes with being part of YooMedia.'

In the year to 31 March 2004 the Jiles group made a loss before interest, tax,
depreciation and amortisation of £80,000 on revenues of £2.6 million. Since 31
March 2004 the Jiles business has been profitable on a month on month basis.

The two businesses combined will be profitable and lead to significant synergies
and cost savings.

David Docherty said: 'These two acquisitions arose from our earlier agreement to
bring Dateline on to interactive television via the Sky platform. A particularly
attractive aspect of these transactions is that we also acquire the excellent
management team of Jiles, who have succeeded in building up that business from
scratch and whose interests will be wholly aligned with YooMedia's through their
equity participation in YooMedia Dating.'





Further Information

David Docherty (CEO) YooMedia   020 7462 0870
Anick Sinclair YooMedia         020 7462 0870
John Murray Powerscourt         020 7236 5615

About YooMedia

YooMedia plc is an interactive media group that has built strong, deep content
businesses in the areas of dating, games, gambling and chat across interactive
TV, Internet and mobile communication channels.

Its brands include YooPlay, the only gaming channel available on all four
digital TV platforms; Fancy-a-flutter, one of the leading gambling channels on
the Sky Digital Interactive Platform; and YooChat, the only interactive TV chat
service in the UK. It also operates the Dateline dating service on Sky Active.

YooMedia has also pioneered the use of mobile phones to interact in real time
with TV and radio programmes. The Trigger TV technology, which is exclusive to
YooMedia and protected by a worldwide patent, has been successfully trialled
with the BBC and Turner Broadcasting.

The group's public sector arm, iPublic, has been selected by the government as
the only dedicated interactive TV company for the E-voting Framework.

YooMedia's partners include Sony Digital, which has a substantial shareholding
in the group and a seat on the board.

YooMedia plc is quoted on the Alternative Investment Market.




                      This information is provided by RNS
            The company news service from the London Stock Exchange