Mediapolis Update

24 February 2015 Clear Leisure plc ("Clear Leisure" or "the Company) Mediapolis update The Board of Clear Leisure plc is pleased to announce that, on 23 February2015, a General Meeting ("GM") was held for Mediapolis S.p.A ("Mediapolis"). At the GM, the recent fundraising of EUR 500'000 undertaken by Mediapolis wasdeclared fully subscribed and complete. Based on this latest capital increase,in which the Company invested EUR185,000, as announced on 12 January 2015, thepercentage of shareholder ownership over 3% is as follows: Clear Leisure plc 74.67%Mediapolis Investment Sa 13.07% Clear Leisure plc holds 71.72% direct investment in Mediapolis Investment Sa(Luxembourg) and, therefore, the Company is now beneficially interested in84.04% of the equity and 87.74% of the voting rights of Mediapolis. During the EGM, it was resolved that: * the net equity value of Mediapolis at 31 December 2014 was Eur 24'432'393 based on the last certified appraisal and valuation of the company; * approval be granted to increase the authorities of Mediapolis to allow new equity of EUR 13 million to be issued which will be offered to creditors of Mediapolis for subscription or conversion of debt by 31 December 2015 as a means of reducing or eliminating Mediapolis' overall indebtedness; and * Audirevi-Nexia International (Milan based accountants) be appointed to undertake the audit of Mediapolis's Financial Report and Accounts for 2014 as approved in the last Annual General Meeting. At the GM, shareholders were presented with the first update report from AvalonAgency, the consultants engaged by the Company to seek potential buyers forsome or all of Mediapolis's assets. This report stated that there are fiveparties currently undertaking negotiations and due diligence on the assets ofthe business. For further information please contact: Clear Leisure plc +39 02 4795 1642Alfredo Villa, CEO Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900Jo Turner / Liam Murray Peterhouse Corporate Finance (Broker) +44 (0) 20 7469 0935Lucy Williams / Heena Karani About Clear Leisure Plc Clear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing adynamic strategy to create a comprehensive portfolio of companies primarilyencompassing the leisure and real estate sectors mainly in Italy but also otherEuropean countries. The Company may be either a passive or active investor andClear Leisure's investment rationale ranges from acquiring minority positionswith strategic influence through to larger controlling positions. For furtherinformation, please visit, www.clearleisure.com