Further re placing, update and grant of options

CERES MEDIA INTERNATIONAL PLC                         

                   ("Ceres" or the "Company" or the "Group")                   

               Further re:- Placing, update and grant of options               

Further to the announcement made by the Company on 22 May 2012, and the
circular posted to shareholders on 24 May 2012 detailing proposals, inter alia,
relating to a conversion of certain liabilities (the "Conversion") and a grant
of options (the "Issue of Options") which are deemed to be related party
transactions pursuant to AIM Rule 13, the Company makes the following
disclosure as required by the AIM Rules.

The Conversion and the Issue of Options to directors constitutes a related
party transaction pursuant to the AIM Rules (the "Transactions"). As none of
the directors are independent of the Transactions, the Company has sought
shareholder approval of the proposed terms of the Transactions at the
forthcoming General Meeting to be held on 18 June 2012.

Cairn Financial Advisers LLP, the Company's Nominated Adviser, considers that
the terms of the Transactions are fair and reasonable insofar as the Company's
shareholders are concerned.

Full details of the Conversion and the Issue of Options are set out in the
announcement of 22 May 2012 and in the circular sent to shareholders on 24 May
2012.

For further information, please contact:

Ceres Media International PLC                              Tel: [phone]
                                                                             
Alex Dowdeswell / Leslie Barber                                              
                                                                             
Nominated Adviser - Cairn Financial Advisers LLP           Tel: [phone]
                                                                             
Jo Turner / Liam Murray                                                      
                                                                             
Broker - First Columbus LLP                                Tel: [phone]
                                                                             
Chris Crawford / Kelly Gardiner