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Sale of Treasury stock, exercise of warrants and director dealings

Media Corporation PLC

17 June 2010

Media Corporation Plc

("Media Corp" or the "Company")

Sale of Treasury stock, exercise of warrants and director dealings

Media Corporation, a leading AIM quoted media and online gaming group, announces that further to the announcement on 10 May 2010, the proposed purchaser of the outstanding 15,102,728 treasury shares (the ‘Treasury Shares’) has informed the Company that, despite his best endeavours, he will be unable to meet his commitment to settle the treasury shares by 18 June. As a result, on behalf of the Company, the Company’s broker, Astaire Securities plc, has sold the remaining Treasury Shares on the terms as originally agreed to certain institutions and other investors raising the Company £453,081.

In addition, on 16 June 2010 certain directors and senior management of the Group exercised 24,250,000 warrants at a price of 1p raising the company a further £242,500.

Application has been made to the London Stock Exchange for the 24,250,000 new ordinary shares of 1p each to admit to trading on AIM. Admission is expected to occur and dealing commence at 8.00am on 21 June 2010.

Through the exercise of warrants, Jason Drummond, Justin Drummond and Nilesh Jagatia, all directors of the Company, purchased 5,250,000, 13,000,000 and 2,250,000 ordinary shares at 1p, respectively.

Following their exercise of warrants their shareholdings now are as follows:

Director		Number of warrantswarrants exercisedexercised		Total number of sharesof shares now heldnow held		Percentage of issued shareissued share capitalcapital		Options and Warrants heldWarrants held
Jason Drummond		5,250,000		27,736,666		8.27%		0
Justin Drummond		13,000,000		35,907,000		10.70%		0
Nilesh Jagatia		2,250,000		2,350,000		0.70%		0

Following the exercise of the warrants and the sale of the Treasury Shares, the issued share capital of the Company is 335,539,117 ordinary shares of 1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Justin Drummond, CEO of Media Corp, commented:

“The Group recently announced that cash balances were £2.3 million at March 31^st 2010. The sale of the outstanding Treasury shares and the proceeds from the exercise of the warrants brings a further £0.7 million strengthening our cash resources further. These additional funds will be used to accelerate further growth and to fund future acquisitions”

Media Corporation Plc				Tel: +44 20 7618 9000
Justin Drummond, CEO
Nilesh Jagatia, Finance Director
Astaire Securities Plc				Tel: + 44 20 7492 4750
Luke Cairns / Shane Gallwey (Nominated Adviser)
Katie Shelton / Charles Vaughan (Broking)
Bishopsgate Communications				Tel: + 44 20 7562 3350
Gemma O'Hara
mediacorp@bishopsgatecommunications.com
Threadneedle Communications				Tel: +44 20 7653 9850
Graham Herring / Josh Royston

Notes to editors:

Listed on the AIM market of the London Stock Exchange, Media Corp is a leading internet media and online gaming group.

The Group has two principal divisions:

Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 30 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.

www.eyeconomy.co.uk

Website Publishing - Media Corp has a diverse publishing division specialising in online media.

The impressive portfolio of websites includes a number of market leading websites, such as www.purplelounge.com, www.gambling.com, www.onthebox.com, www.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk.

Further information can be found on the company's website, at www.mediacorpplc.com