25th June 2009

THE LOCAL RADIO COMPANY PLC 

Closure of Mix 107 FM Limited

The Local Radio Company Plc announces that it has been decided to close Mix 107 at High Wycombe and return the licence to broadcast to Ofcom. The station will cease broadcasting on 1st July.

Mix 107 FM is the Radio Licensee serving High Wycombe and Amersham. It has an audience of 15,000 listeners listening for 71,000 hours per week (Source: Rajar Q1 2009). In the eight months ended 31st May 2009 the station had a turnover of £284,839 and an operating loss of £92,762 after central costs.  At 31st May 2009 the station had net liabilities of £1,168,372.

For further information please contact: 

William Rogers

Chief Executive Officer

The Local Radio Company plc

Tel 01209 310435

Roxane Marffy/Brett Miller

Ruegg & Co Limited

Nominated Adviser & Broker

Tel 020 7584 3663