Pilat Media Global PLC ('Pilat' or the 'Company')

Lapse of offer for the Company

Further to the announcement on 19 March 2009 of a recommended cash offer by SintecMedia Ltd ('Sintec') for the entire issued and to be issued share capital of Pilat (the 'Offer'), the Company hereby notifies shareholders that Sintec has announced that as at 9:00 a.m. (London time) on 18 May 2009, being the last and final closing date of the Offer, it has received valid acceptances of the Offer in respect of 33,410,141 Pilat Shares, representing 56.42 per cent. of the issued share capital of Pilat. Sintec has also announced that as it has received acceptances for the Offer of less than 75 per cent. of the Pilat Shares, the Offer has lapsed and the Pilat Shareholders have ceased to be bound by such acceptances.

The Board of Pilat wish to reiterate that the Offer was recommended as fair and reasonable in times of economic uncertainty but also to stress that the merger plan was borne out of opportunity, not necessity. The Board believes that Pilat Media is one of the strongest companies in its field, with a large first class clientele, a recently upgraded state of the art product offering, a healthy balance sheet and positive cashflow going forward. The new contract in the USA signed and announced last week, demonstrates our ability to expand our solid client base even in times like these. Therefore the Board is confident that the Company can continue in its current form, achieve performance improvements and enhance shareholder value over time.  .  

Enquiries: 

Pilat Media Global PLC 

Avi Engel, Chief Executive Officer                                                Tel: +44 (0) 20 8782 0700 

Martin Blair, Chief Financial Officer

Shore Capital and Corporate Limited 

(Financial Adviser and NOMAD to Pilat Media Global PLC) 

Dru Danford / Stephane Auton                                                      Tel: +44 (0) 20 7408 4090