Agreement with Entertainment Network Ltd

Cellcast Plc (the "Company")

Agreement with Entertainment Network Ltd

Today, Cellcast PLC (AIM: CLTV) is pleased to announce that Cellcast UK, its wholly owned subsidiary, has entered into an agreement with Entertainment Networks Ltd, a subsidiary of Sony Pictures Television, under which Cellcast UK has agreed to early termination of its exclusive rights (which it has held since 2006) to manage and operate the Freeview channel known as Movie Mix in consideration for a one off payment of £2,980,000.

Of the consideration receivable the Directors believe that the net amount, after payment of certain liabilities in relation to the operation of the Movie Mix channel and professional fees, will be approximately £2 million.

Whilst this will provide the Company with a cash sum, the Directors do not expect to use it to support the medium to long term working capital requirements of Cellcast PLC. A further announcement will be made in due course.

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