Acquisition

Yoomedia PLC 04 April 2005 Embargoed until 07:00 4 April 2005 YooMedia plc ('YooMedia' or the 'Company') YooMedia plc Acquires ViaVision Ltd YooMedia plc, the UK's biggest independent interactive media company, specialising in gaming, dating and the public sector, today announces the acquisition of ViaVision Ltd ('ViaVision'), an independent broadcaster and production company focused on the digital broadcast market. YooMedia acquired 15 per cent of the issued share capital of ViaVision with the acquisition of DITG in December 2004. The agreement is for the acquisition of the balance of the issued share capital of ViaVision, currently held privately by a number of shareholders. The shares have been purchased for a total consideration of 8,500,000 ordinary shares of 1 pence each in the Company ('Ordinary Shares'). Of this total consideration 6,800,000 Ordinary Shares are to be paid immediately, with the remaining 1,700,000 Ordinary Shares to be paid as deferred consideration subject to the net current assets of ViaVision on completion. ViaVision manages five satellite television channels on the BSkyB platform, five interactive television applications, four supporting websites and multiple production projects. The company operates broadcast studios in the City of London. Its range of entertainment and specialist TV channels includes Exchange and Mart and Game-In. Game-In TV, shortly to be rebranded as PokerZone TV, provides red-button gaming to over 12,000 regular players, ranging from fixed-odds gaming formats to traditional pub games and racing, on the Sky platform. A poker night featuring documentaries and tournaments from around the world is broadcast every Monday, Wednesday and Saturday. The acquisition is expected to be immediately earnings-enhancing. ViaVision reported a pre-tax loss of £331,000 on revenues of £1.3m in the year to 31 December 2004. Application has been made for 6,800,000 Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that admission will occur on 8 April 2005. Dr Michael Sinclair, chairman of YooMedia plc, said: 'This acquisition consolidates our position in gaming and through Via Vision's work with Game-In TV we gain crucial exposure to the poker market. It enables us to apply our interactive media and mobile skills to poker, which is one of the fastest growing content plays in our industry.' For further information, please contact: YooMedia Plc David Docherty, chief executive 020 7462 0870 Powerscourt John Murray 020 7236 5630 Kirsty Black 020 7236 5631 This information is provided by RNS The company news service from the London Stock Exchange

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