Raises GBP1.3m

Yoomedia PLC
11 May 2006

             YooMedia plc / Index: AIM / Epic: YOO / Sector: Media

11 May 2006
                   YooMedia plc ('YooMedia' or 'the Company')

                     Raises £1.3 million through a placing
        and concludes revised £7.5 million convertible loan arrangement

YooMedia, the AIM-traded interactive media and games group, has raised
£1,300,000 through a placing of 30,588,235 new ordinary shares of 1p each ('New
Ordinary Shares') at 4.25 pence. The financing is part of the Company's
refinancing strategy to continue the re-positioning of its product offering to
capitalise on growing opportunities within the interactive media market.

Application has been made for the admission of the New Ordinary Shares to
trading on the AIM market.  The New Ordinary Shares will rank pari passu with
the existing ordinary shares of 1p each in the Company and dealings in the New
Ordinary Shares are expected to commence on 15 May 2006.

In tandem with the placing, YooMedia has concluded the revised convertible loan
arrangement announced on 29 March 2006. The loan note arrangement provides for
£7,500,000 of funding (before expenses).  The terms of the convertible loan
structure have altered in that Platinum Partners LLP and Highbridge
International LLC (who have replaced Cornell Partners as one of the two lenders)
have the right to convert any of the principal and interest due under the terms
of the Convertible Loan Agreements into new Ordinary Shares at a conversion
ceiling price per new Ordinary Share equivalent to 5.5 pence and not 12 pence as
previously stated. The Directors believe that this change does not materially
affect the structure of the deal or the upside potential of the note to the
Company and its shareholders.

YooMedia expects to announce its results for the year ended 31 December 2005 on
Friday, 26 May 2006.


                                  * * ENDS * *

Contacts

Neil MacDonald        YooMedia plc                         Tel:[phone]
Mark Percy            Seymour Pierce Limited               Tel:[phone]
Isabel Crossley       St Brides Media & Finance Ltd        Tel: [phone]



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