Result of Open Offer

Catalyst Media Group PLC 03 April 2007 3 April 2007 Catalyst Media Group plc ('Catalyst' or 'the Company') Result of Open Offer On 12 March 2007 the Company announced a placing and open offer of 2,100,000,000 new ordinary shares of 0.1p each ('New Ordinary Shares') to be subscribed for at a price of 0.5p per New Ordinary Share to raise £10.5 million before expenses. Of the New Ordinary Shares, 801,236,844 were placed firm. Of the 1,298,763,156 Open Offer Shares to be issued pursuant to the Open Offer, 617,488,975 of the Open Offer Shares were the subject of irrevocable undertakings from certain Qualifying Shareholders to take up entitlements. The balance of 681,274,181 Open Offer Shares was conditionally placed with institutional and other investors subject to clawback to satisfy valid applications under the Open Offer. The Open Offer closed at 11.00 a.m. on 2 April 2007. Valid applications were received in respect of 1,026,445,172 Open Offer Shares representing 79.03 per cent. of the Open Offer Shares. The balance of the Open Offer Shares will be taken up by the Placees under the terms of the Placing Letters. The Placing and the Open Offer remain conditional, inter alia, upon the passing of the Resolution to be proposed at the EGM to be held on 4 April 2007 and on Admission. Application has been made to the London Stock Exchange for admission of the 2,100,000,000 New Ordinary Shares to trading on AIM. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on 5 April 2007. Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Prospectus of the Company dated 12 March 2007. Enquiries, please contact: Catalyst Media Group plc Michael Rosenberg Tel: (020) 7927 6699 Strand Partners James Harris/Angela Peace Tel: 020 7409 3494 Evolution Tom Price/Hui Ling Tay Tel: 020 7071 4300 This information is provided by RNS The company news service from the London Stock Exchange