Adjournment of General Meeting

Media Corporation plc

("Media Corp" or the "Company")

Adjournment of General Meeting

Further to the publication of a circular on 23 August 2013 (the "Circular") the Company is proposing to adjourn the general meeting detailed in the Circular scheduled for 16 September 2013. This decision has been taken following the discovery of an error in certain proposed resolutions. In addition, Dan Maling and Jeremy Taylor-Firth will no longer be joining the Company.

As a result the directors will revise the proposed investing strategy outlined in the Circular as well as the options more broadly available to it. As mentioned in previous announcements, the Company has had other approaches and the directors are in discussions with certain parties in this respect.

The directors intend to reconvene the meeting with a new notice of general meeting as soon as practicable. Any such new notice may be subject to the Company identifying suitable additional management and associated funding.

A further update regarding the Company and its business will be made in due course.

Contact

Media Corporation Plc Tel: +44 207 618 9000

Phil Jackson - Chairman

Northland Capital Partners Limited Tel: + 44 207 796 8800

Luke Cairns / Lauren Kettle (Nominated Adviser)

XCAP Securities Tel: + 44 207 101 7070

Jon Belliss (Joint Broker)

Bishopsgate Communications Tel: + 44 207 562 3350

Nick Rome