Ministerial Approval to the Sale of UTV Television

UTV MEDIA PLC - Ministerial Approval to the Sale of UTV Television

PR Newswire

London, February 18

UTV Media plc

Ministerial Approval to the Sale of UTV Television

UTV Media plc announces receipt of Ministerial Approval to the Sale of UTV Television.

On 19 October 2015, UTV Media plc ("UTV" or the "Group") announced that it had agreed to sell the entire issued share capital of UTV Limited and its wholly owned subsidiary UTV Ireland Limited, which together comprise the whole of the television business of the Group ("UTV Television") to ITV Broadcasting Limited ("ITV"), conditional upon, amongst other things, approval by the Irish Minister for Communications, Energy and Natural Resources ("Ministerial Approval").

UTV today announces that Ministerial Approval has been received and that all other conditions to completion have been satisfied. Pursuant to the terms of the sale and purchase agreement with ITV, it is expected that completion will take place on Monday 29 February 2016.

A further announcement will follow to confirm that completion has taken place.

For further information, please contact:

Orla McKibbin, Director of Communications

Tel: +44 (0) 2890 262188 or +44 (0) 7879 666427

19 February 2016