Issue of Equity

8 October 2012

Media Corporation Plc

(the "Company")

Issue of Equity

Media Corporation, the AIM quoted digital advertising and online gaming group, announces that 1,818,181 ordinary shares of 0.1p each were issued and allotted on 5th October 2012 for the value of £10,000 based on the closing price on the 4th October 2012 being 0.55p, in connection with the settlement of a compromise agreement with a former employee of the Group.

Application will be made to the London Stock Exchange for the new ordinary shares of 0.1p each to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 12 October 2012.

Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 594,625,034 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

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