AGM Statement

Newsplayer Group PLC 24 May 2004 For immediate release 24 May 2004 Newsplayer Group plc AGM Statement Newsplayer Group plc ('Newsplayer' or the 'Company'), the leading enabler of audio-visual content through the application of digital technology, announces that at the Annual General Meeting of the Company (the 'AGM') held earlier today resolutions numbered 1, 2, 4, 5, 6 and 7 set out in the notice of AGM dated 28 April 2004 were passed. Resolution number 3 relating to the re-election of David Wiseman as a Director of the Company was not tabled for approval. Michael Rosenberg was duly re-elected as a Director. As a result of the passing of resolution number 7 relating to the change of name of the Company, it is expected that the Company's name will change to Catalyst Media Group plc with effect from 8.00 a.m. tomorrow morning. At the same time, the ticker code under which the Company's ordinary shares trade on AIM will change from NPG to CMX. At the AGM, the Company's CEO, Paul Duffen, gave the following update: 'A great deal has happened since the end of the financial year and I would like to take this opportunity to update shareholders. We have made two significant acquisitions: Global Media Services in September 2003 and Betelgeuse Productions in February this year. I am pleased to report that both businesses are performing to expectations and have integrated well into the Group as demonstrated by the success they had working together to win the production contract for the Champ Car race series which will generate $6 million of revenue in 2004. The Group is now profitable on a monthly basis and I am confident that we will make a profit for the current financial year overall. 'Today marks the change of the Company's name to Catalyst Media Group plc, which should be effective from tomorrow along with the change of our ticker symbol on the London Stock Exchange to CMX. Our business has evolved greatly since the launch of Newsplayer.com four years ago and we are now firmly established as the leading enabler of audio-visual content through the application of digital technology. I believe that the new name better reflects this position and the diversity within the Group. 'We have announced that we are embarking on the acquisition of Alternateport which owns 20% of Satellite Information Services. SIS provides bookmakers with live television pictures, data display systems and broadcast services. I believe that SIS is an exceptional business and that our experience of combining interactive technology with live video using Internet Protocol will offer SIS some exciting opportunities to expand its range of services. We have been granted a period of exclusivity until 28 July 2004 to complete the acquisition and will be undertaking a placing with institutional and other investors to raise the necessary funds. 'The business is in good shape and we will continue to seek opportunities to grow through acquisition as well as organically. We have much to accomplish and I am confident that the recent addition of Steven Smith as CFO and Michael Rosenberg as a Non-executive Director will be a significant contribution to achieving those goals.' Enquiries: Newsplayer Group plc Paul Duffen, CEO Tel: 020 7927 6699 Merlin Rebecca Penney/Philip Ranger Tel: 020 7653 6620 This information is provided by RNS The company news service from the London Stock Exchange