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Holding(s) in Company

Media Corporation PLC

Financial Services Authority

TR-1ⁱ: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:		Media Corporation Plc
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights				X
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):___________________________________________
3. Full name of person(s) subject to the notification obligationiii:		Herald Investment Management LimitedManagement Limited
4. Full name of shareholder(s) (if different from 3.)iv:		Bank of New York (OCS) Nominees Ltd on behalf ofNominees Ltd on behalf of Herald Investment Trust Plc Herald Investment Trust Plc
5. Date of the transaction (and date on which the threshold is crossed or reached if different)v:		18th June 2010
6. Date on which issuer notified:		21st June 2010
7. Threshold(s) that is/are crossed or reached:		5%
8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction vi

Resulting situation after the triggering transactionvii

Number of Shares

Number of Voting Rights viii

Number of shares

Number of voting rights ix

% of voting rights

Indirect

Direct x

Indirect xi

Direct

Indirect

GB0000528306

12,650,000 (4.27%)(4.27%)

12,650,000

20,650,000 (6.15%)(6.15%)

20,650,000

6.15%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument		Expiration date xiii		Exercise/ Conversion Period/ Date xiv		Number of voting rights that may be acquired if the instrument is exercised/ converted.		% of voting rights
None								Nil

Total (A+B)
Number of voting rights		% of voting rights
20,650,000		6.15%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:
14. Contact name:		Andrew Miller
15. Contact telephone number:		020 7553 6308

ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES ^XVI

A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)		Herald Investment Management Limited
Contact address (registered office for legal entities)		10/11 Charterhouse Square London EC1M 6EE
Phone number		020 7553 6308
Other useful information (at least legal representative for legal persons)		Andrew Miller

B: Identity of the notifier, if applicable xvii
Full name		See Above
Contact address
Phone number
Other useful information (e.g. functional relationship with the person or legal entityrelationship with the person or legal entity subject to the notification obligation) subject to the notification obligation)

C: Additional information

In accordance with the FSA’s LIST Issue 14 Paragraph 3.13 we have used the figure for the total number of voting rights in issue (335,539,117) disclosed by the company on 17 Jun 10 via RNS to calculate the percentage of voting rights after the triggering transaction.

Notes

ⁱ This form is to be sent to the issuer or underlying issuer and to be filed with the competent authority.

ⁱⁱ Either the full name of the legal entity or another method for identifying the issuer or underlying issuer, provided it is reliable and accurate.

ⁱⁱⁱ This should be the full name of (a) the shareholder; (b) the person acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments entitled to acquire shares already issued to which voting rights are attached, as appropriate.

In relation to the transactions referred to in points DTR5.2.1 (b) to (h), the following list is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in DTR5.2.1 (b), the person that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in DTR 5.2.1 (c), the person holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and person lodging the collateral under these conditions;

- in the circumstances foreseen in DTR5.2.1(d), the person who has a life interest in shares if that person is entitled to exercise the voting rights attached to the shares and the person who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in DTR5.2.1 (g), the person that controls the voting rights;

- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion.

^iv Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should be the full name of the shareholder or holder of financial instruments who is the counterparty to the natural person or legal entity referred to in DTR5.2.

^v The date of the transaction should normally be, in the case of an on exchange transaction, the date on which the matching of orders occurs; in the case of an off exchange transaction, date of the entering into an agreement.

The date on which threshold is crossed should normally be the date on which the acquisition, disposal or possibility to exercise voting rights takes effect (see DTR 5.1.1R (3)). For passive crossings, the date when the corporate event took effect.

These dates will usually be the same unless the transaction is subject to a condition beyond the control of the parties.

^vi Please refer to the situation disclosed in the previous notification, In case the situation previous to the triggering transaction was below 3%, please state ‘below 3%’.

^vii If the holding has fallen below the minimum threshold , the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is less than 3%.

For the case provided for in DTR5.2.1(a), there should be no disclosure of individual holdings per party to the agreement unless a party individually crosses or reaches an Article 9 threshold. This applies upon entering into, introducing changes to or terminating an agreement.

^viii Direct and indirect

^ix In case of combined holdings of shares with voting rights attached ‘direct holding’ and voting rights ‘indirect holdings’, please split the voting rights number and percentage into the direct and indirect columns-if there is no combined holdings, please leave the relevant box blank.

^X Voting rights attached to shares in respect of which the notifying party is a direct shareholder (DTR 5.1)

^xi Voting rights held by the notifying party as an indirect shareholder (DTR 5.2.1)

^xii If the holding has fallen below the minimum threshold, the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is below 3%.

^xiii date of maturity / expiration of the finical instrument i.e. the date when the right to acquire shares ends.

^xiv If the financial instrument has such a period-please specify the period- for example once every three months starting from the [date]

^xv The notification should include the name(s) of the controlled undertakings through which the voting rights are held. The notification should also include the amount of voting rights and the percentage held by each controlled undertaking, insofar as individually the controlled undertaking holds 3% or more, and insofar as the notification by the parent undertaking is intended to cover the notification obligations of the controlled undertaking.

^xvi This annex is only to be filed with the competent authority.

^xvii Whenever another person makes the notification on behalf of the shareholder or the natural person/legal entity referred to in DTR5.2 and DTR5.3.