Issue of Equity - Bonus Issue I

19 July 2012

RedHot Media International Limited

("RedHot" or the "Company")

Issue of Equity and Total Voting Rights

Further to the announcements by the Company on 25 June 2012 and 18 July 2012, regarding a bonus share issue to shareholders of one new ordinary US$0.10 share in the Company ("Ordinary Share") for every ten Ordinary Shares held at 5.00 p.m. UK time on 18 July 2012, the Board of RedHot announces that the Company has issued 3,727,837 new Ordinary Shares under the Bonus Issue I (the "Bonus Issue I Shares").

Application has been made for the Bonus Issue I Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on 20 July 2012. Following Admission the Company will have 41,025,025 Ordinary Shares in issue, each with voting rights. This figure may be used by shareholders of RedHot as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

All defined terms used in this announcement shall have the meaning given to them in the circular posted to shareholders of the Company on 25 June 2012 unless otherwise defined herein.

For further information please contact: