Issue of Equity

31 March 2014

Progressive Digital Media Group PLC

Issue of Equity

Progressive Digital Media Group plc ("Progressive" or the "Company") announces that 76,191 ordinary shares of 1/14 pence each ("Ordinary Shares") have been issued and allotted as part payment for a small acquisition focused on the Consumer Sector.

Application has been made to the London Stock Exchange for 76,191 Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM. Admission is expected to become effective on 3 April 2014.

The Company's total issued Ordinary Share capital following the admission of the new Ordinary Shares will be 76,191 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company is 76,267,991. This figure of 76,267,991 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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Enquiries:

Progressive Digital Media Group plc 0207 936 6400

Simon Pyper, Chief Executive

N+1 Singer 0207 496 3000

James Maxwell

Nick Donovan

Hudson Sandler 0207 796 4133

Nick Lyon