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Press Release

15 June 2009

Pilat Media Global plc 

('Pilat' or the 'Company')

Issue of Share Options 

On 15 June 2009, the Company granted a total of 3,300,000 options under the Pilat Media Global plc Share Option Schemes (together referred to as the 'Scheme(s)') as follows:

• 2,150,000 options under the Israeli Share Option Scheme ('Israeli Scheme'); 

• 818,766 options under the Enterprise Management Incentive Share Option Scheme ('EMI Scheme'); and

• 331,234 options under the Pilat Media Global plc Unapproved Share Option Scheme 2002 ('Unapproved Scheme'). .

 Under the terms of all the Schemes: 

(a) the options granted are exercisable in two equal tranches on the first and second anniversary
     of the date of grant;

            (b) options lapse on the tenth anniversary of the date of grant, and

            (c) the grant of options is subject to the approval of the Tel Aviv Stock Exchange.

The exercise price of the options granted was set at the closing mid-market price of Pilat's shares on AIM on Friday 12th June 2009, being 23.5 pence per share. The total number of options outstanding pursuant to all the Schemes after the grant of the above options will amount to 7,365,843 representing approximately 11.1% of the Company's enlarged issued share capital on a fully diluted basis. 

Of the options granted today, 1,400,000 have been granted to Directors and their resultant interests in options following this announcement are as follows: 

	Israeli Scheme			EMI Scheme			Unapproved Scheme
	Granted 15 June 2009	Existing	Total	Granted 15 June 2009	Existing	Total	Granted 15 June 2009	Existing	Total	Total Options
Avi Engel, CEO	1,000,000	-	1,000,000	-	425,000	425,000	-	575,000	575,000	2,000,000
Avi Engel, CEO (1)	1,000,000	-	1,000,000	-	(425,000)	(425,000)	-	(575,000)	(575,000)	(1,000,000)
Martin Blair, CFO	-	-	-	156,383	270,000	426,383	93,617	-	93,617	520,000
Kobi Livne	75,000	-	-	-	-	-	-	-	-	75,000
Menahem Shalgi	75,000	-	-	-	-	-	-	-	-	75,000

 

(1)  On 16 April 2002 Mr Avi Engel was granted 1,000,000 options under the EMI Scheme and 
       Unapproved Scheme with an exercise price of 23.5 pence per share. These options have been
       cancelled and re-issued with the following terms: 

(a) the options granted are exercisable on the first anniversary of the date of grant;

            (b) options lapse on the 15th April 2012, and

            (c) the grant of options is subject to the approval of the Tel Aviv Stock Exchange.

 For further information:

Pilat Media Global plc
Avi Engel, Chief Executive Officer Martin Blair, Chief Financial Officer	Tel: +44 (0) 20 8782 0700

Shore Capital and Corporate Limited (NOMAD)
Dru Danford	Tel: +44 (0) 20 7408 4090

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