Earnout payment and issue of equity

For immediate release on 19th February 2010

First Artist Corporation plc

(the "Company")

Earn Out Payment and Issue of Equity

First Artist Corporation plc (AIM: FAN), the media and sport group, is pleased to announce that Dewynters Limited ("Dewynters"), the UK's leading full-service theatre and entertainment marketing agency, has achieved the third and final year performance targets detailed under the terms of the acquisition agreement dated 29th November 2006.

As a result, the following consideration is payable to the Vendors of Dewynters, to be satisfied as follows:

·; A cash entitlement of £1,971,272 in the form of Loan Notes.

·; The allotment by the Company to the Dewynters Vendors of 34,332 new ordinary shares of 2.5 pence each in the capital of the Company ("New Ordinary Shares") at a consideration price of 19.83 pence per New Ordinary Share.

Application has therefore been made for the admission of the New Ordinary Shares to trading on the AIM market of the London Stock Exchange. Upon issue, the New Ordinary Shares will rank pari passu with the Company's existing ordinary shares. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence on 23rd February 2010. Following admission, the Company will have a total issued share capital of 29,956,103 ordinary shares.

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For further information:

Notes to Editors:

First Artist Corporation plc was admitted to AIM in 2002.

First Artist's group companies are among the leading brands in their fields under the following categories: 

Media - entertainment advertising, marketing, design, promotions, digital media, merchandising, signage and front of house displays for the West End, Broadway and Las Vegas via the Dewynters, SpotCo and Newman Displays brands. Sponsorship rights marketing through First Rights Limited. Events such as conferences, company activity days, parties, venue finding, delegate management and client events for private and public sector clients through The Finishing Touch.

Sport - representation of football players/clubs across the UK, Europe and the US through the Sport division.