Media Square plc (the "Group" or "MSQ")

COMPLETION OF BANKING FACILITIES AGREEMENT

Media Square plc (AIM: MSQ), the International Marketing Communication Group, is pleased to announce that following its Annual General Meeting on the 27 July 2010, it has now satisfied all of the conditions relating to its new banking facilities agreement with Bank of Scotland plc (part of Lloyds Banking Group ('LBG')), the entry into which was previously announced on 21 June 2010.

As a result, the new facility became effective on the 30^th July and will run until 30 July 2013.  Pursuant to this agreement, MSQ has granted LBG warrants over 10% of Media Square's fully diluted issued Shares with an exercise price of 10 pence. The exact number of warrants that will be issued will be calculated on the date of their exercise, with regard to the Company's fully diluted share capital at the time.

The Company has also entered into new interest rate hedging arrangements over £15m for the duration of the facility with rates fixed at 2.00% to 30 April 2011, 3.55% from 1 May 2011 to 30 April 2012 and 4.68% from 1 May 2012 to 31 July 2013. These rates include the costs of the early cancellation of the existing £18.75m interest rate hedge at 4.78% which originally ran to April 2011.

Please see the announcement of the 21^st June 2010 for further details of the facility.

For further information please contact: