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West 175 Media Grp (WEP)

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Friday 17 May, 2002

West 175 Media Grp

Issue of Options

West 175 Media Group Inc
17 May 2002

For Release
                                                                     17 May 2002

                           WEST 175 MEDIA GROUP INC.

                              Issue of options

West 175 Media Group Inc. ('West 175'), the media group listed on AIM, announces
that it has issued 350,000 options to purchase Common Stock at 41/2p to Film
Investment Corporation of New Zealand (No.2) Limited. The options vest
immediately and expire on 15th May, 2007. The options are in consideration of a
loan of NZ$350,000 (equivalent to approximately £110,000) to West 175 Media (NZ)
Limited, a wholly-owned subsidiary of West 175.


For further information please contact:

West 175 Media Group, Inc
Paul Burton, Finance Director
Tel:  020 8398 7175

Binns & Co PR
Peter Binns
Tel:  020 7786 9600

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