Trading Statement

Yoomedia PLC
29 January 2003

                  YooMedia PLC ('YooMedia' or 'the Company')

         Trading Update and Notice of Extraordinary General Meeting



YooMedia today posted a circular to shareholders updating them on the Company's
current trading and convening an Extraordinary General Meeting pursuant to
Section 142 of the Companies Act 1985.  Below is an extract from this circular.


Trading Update


Following over 18 months of product and business development, YooMedia 'soft'
launched its pay-per-play games and chat channel, yoome2, on Telewest on 19th
December 2002. This launch was done to test the technical efficacy of the yoome2
service and to gauge early demand levels. I am pleased to report that, despite
minimal marketing or other promotional activity, the launch has proven a
success.  Gross revenues generated from the service in the 13 days to 31
December 2002, have exceeded the sales for YooMedia during the whole of 2001.
Marketing and other promotional activity for the yoome2 service on Telewest
began earlier this month and 2003 has so far seen a continuation of the strong
performance established in December. As at 19th January 2003 over 135,000
Pay-per-play games have been played and over 4,000 Telewest households have
registered for yoome2's new subscription chat service. Over the next few weeks,
additional new pay per play games are being launched including Tetris on ntl.
The existing free chat service, Leisure District, will be turned off on 3rd
February 2003.



A variety of other revenue-generative product launches are planned during the
next few months, including the Dateline dating service and Cartoon Network
pay-per-play games on both Telewest and ntl.



I am also pleased with the recent appointment of David Docherty to the position
of Non-Executive Board Director. David was previously Deputy Director of
Television and Director of New Media at the BBC before becoming Managing
Director of Broadband at Telewest Communications. He is also a regular columnist
for Media Guardian and brings with him a wealth of experience in the iDTV
industry.

Extraordinary General Meeting

Section 142 of the Companies Act 1985 ('the Act'), states that when the net
assets of a public company are half or less than half of its called-up share
capital, the directors of such company are obliged in such circumstances to
convene an extraordinary general meeting for the purposes of considering what
action, if any, should be taken to deal with this situation.

Due to the Company's accounting policy of writing off development expenditure as
incurred and the delayed launch of key revenue-generative services, the Board
believes that the Company's net assets are now less than half of its called-up
share capital and accordingly an extraordinary general meeting of the Company
has been convened at YooMedia, 1st Floor, Northumberland House, 155-157 Great
Portland Street, London W1W 6QP on 24th February 2003 at 9.30 a.m. ('the EGM')
to consider what steps should be taken to deal with the loss of capital in
accordance with the Act. In the Directors' opinion, the recent launch of the
services referred to above combined with the anticipated roll-out of additional
paid-for services over the next few months will enable the Company to reach
profitability with current cash resources.



The Directors welcome the opportunity afforded by the EGM to discuss the
Company's current trading and future strategy with shareholders and recommend
that those shareholders with any concerns attend the EGM convened in the notice
attached with this circular.



Action to be taken by Shareholders



Shareholders need take no action in respect of the EGM as, in accordance with
the Act, the purpose of the EGM is to consider whether any, and if so what,
steps should be taken to deal with the loss of capital described more fully in
the paragraphs above.  Accordingly no formal resolution will be proposed at the
EGM.


Copies of the circular are available from YooMedia PLC, Aspect Gate, 166 College
Road, Harrow, Middlesex HA1 1BH.


For further information, please contact:


Michael Sinclair

Chairman                                              020 8515 2800

Andrew Fearon

Chief Operating Officer                               020 8515 2800


Anick Sinclair

Head of PR                                            020 8515 2800


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