Interest in SIS

Catalyst Media Group PLC 02 October 2006 2 October 2006 Catalyst Media Group plc ('CMG' or the 'Company') Interest in SIS CMG is pleased to announce that it has today repaid the balance of £10.64 million to redeem the Deep Discount Bonds held by The Eureka Interactive Fund Ltd ('Eureka'), issued to Eureka at the time of CMG's acquisition of an interest in Satellite Information Services (Holdings) Limited ('SIS'). CMG acquired its interest in SIS by the purchase of Alternateport Limited from United Business Media plc. The acquisition was made through CMG's subsidiary, Catalyst Media Holdings Limited ('CMH'), which was owned as to 80% by CMG and 20% by Eureka. The Company has exercised its call option to acquire the 20% interest not currently held by it in CMH from Eureka for a cash consideration of £5.5 million. In order to finance this transaction and the associated costs, CMG has drawn down £17.3 million of an £18.625 million facility ('Facility') that has been arranged with Investec Bank (UK) Limited ('Investec'), on terms which are more favourable than those provided by Eureka. The Facility runs until December 2010 and is secured against the assets of CMH and Alternateport, both of which are now wholly owned subsidiaries of CMG. Under the terms of the agreement with Investec all capital repayment and interest charges are rolled up and payable from any dividends received from SIS during the term. As a result of this transaction CMG now owns a 22.2% stake in SIS and will therefore receive 22.2% of future dividends paid by SIS. Enquiries: Paul Duffen, Chief Executive Catalyst Media Group plc 0207 927 6699 This information is provided by RNS The company news service from the London Stock Exchange