Issue of Equity

Yoomedia PLC
10 October 2003

                          YooMedia Plc (the 'Company')

                         Placing & Board Restructuring

The Company is pleased to announce that it has raised £2.4 million before
expenses by way of a placing, through the Company's broker, Durlacher Limited,
of 9,600,000 new ordinary shares of 1p each at 25p per share with institutional
investors (the 'Placing').  The proceeds of the Placing will provide the Company
with additional working capital for the purposes of investing in new emerging
opportunities, including e-government and Trigger TV.

Commenting on the placing, Dr Michael Sinclair, Executive Chairman, said, 'It is
an important step in the evolution of the Company to bring in, as shareholders,
major institutions with an extensive knowledge of our sector. It also provides a
strengthened financial platform for our future development.'

Application has been made for the new ordinary shares, which will rank pari
passu with existing ordinary shares, to be admitted to trading on the AIM Market
of the London Stock Exchange. Admission will become effective and dealings are
expected to commence at 8.00am on 16 October 2003.


Following the Placing, the following investors have notifiable interests in the
Company:


Foresight Technology VCT plc has a beneficial holding of 14,660,000 ordinary
shares, representing 15.83 per cent. of the Company's enlarged issued share
capital.


Artemis Investment Management Limited has a beneficial holding of 8,447,451
ordinary shares representing 9.12 per cent. of the Company's enlarged issued
share capital.


INVESCO Asset Management Limited has a beneficial holding of 2,900,000 ordinary
shares, representing 3.13 per cent. of the Company's enlarged issued share
capital.


The Company also announces that to reflect the increasing investment being made
into the e-government and Trigger TV opportunities, David Docherty has been
moved from non-executive director to executive director. In addition, Paul
Stacey, has moved from being an executive director to non-executive director.




For further information please contact:


Yoomedia Plc
Andrew Fearon
Chief Operating Officer                                            020 7462 0870


Seahorse Associates Ltd
John Murray
Public Relations                                                   020 7553 6559


Durlacher Limited
David Rae
Nominated Adviser & Broker                                         020 7459 3600


About YooMedia

YooMedia plc is a digital TV and mobile entertainment company that provide
services including chat, games and dating products. YooMedia's suite of iTV and
eTV services and products allow digital network operators and broadcasters to
build communities of loyal viewers and establish new revenue streams.

YooMedia works with licensees and publishers to create classic parlour games,
multi-player games and real-time arcade action games for interactive TV.
YooMedia has the exclusive license for Tetris across UK digital cable.

YooMedia is an established provider of interactive TV chat, with a variety of
messaging applications. This service is also available to other broadcasters and
operators. yoome2 is the interactive channel on Telewest digital cable. The
Channel includes the UK's only cable chat service, yoome chat, along with a
suite of games (including the first cable launch of Tetris).  Yoome2 also
includes competitions, prizes and mobile phone ringtones and logo downloads. The
technology developed for the Channel and chat services can also be used as a
core framework for similar interactive services by broadcasters and branded
accordingly.

YooMedia has signed an exclusive partnership with Dateline to develop and launch
all of its interactive dating services on digital and cable television.

In April 2003, YooMedia acquired 33% of MIETV and has the option to acquire the
remainder of the company. We have invested in and launched the first ever games
channel on Freeview called Free2Play and have secured the right to run pay to
play games on the platform. The channel launched on 23rd May 2003.

YooMedia is to pioneer the use of mobile phones to interact in real time with a
TV programme. The Trigger TV technology, which is exclusive to YooMedia and
protected by a worldwide patent, broadens the reach of interactive TV because it
allows viewers to interact synchronously with TV programmes by mobile phone,
without needing a digital set-top box.

YooMedia also has an agreement with ntl: Home to distribute all its products on
its digital interactive cable platform. ntl: Home customers will soon have
access to a Cartoon Network branded games channel and the UK's leading dating
agency, Dateline, both built and run by YooMedia. Also they will have access to
YooMedia's extensive games library as well as a unique 24/7 Chat solution.


YooMedia plc is quoted on the AIM market of the London Stock Exchange.


www.yoomedia.com



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