Preliminary Announcement

UTV Media plc ("UTV" or "the Company" or "the Group") ROBUST PERFORMANCE IN CHALLENGING MARKETS UTV DECLARES A 17% DIVIDEND INCREASE

Belfast, London & Dublin - 19 March 2013: UTV Media plc todayannounces preliminary results for the year ended 31 December 2012

Financial highlights on continuing operations*

- Group revenue of £120.1m (2011: £121.6m)- Pre-tax profits of £21.0m (2011: £23.3m)- Group operating profit of £23.9m (2011: £26.8m)- Radio GB operating profit up 5% to £13.0m (2011: £12.4m)- Excluding talkSPORT International, Radio GB operating profit up 12%- Continued reduction in net debt to £49.4m (2011: £54.7m)- Net finance costs down by 13% to £3.0m (2011: £3.5m)- Diluted adjusted earnings per share from continuing operations of 16.92p (2011: 18.96p)- Proposed final dividend of 5.25p resulting in a full year dividend growth of 17% to 7.00p (2011: 6.00p)

* As appropriate, references to profit include associate income but exclude discontinued operationsand exceptional items

Operational Highlights - talkSPORT signed deal for Barclays Premier League worldwide audio broadcasting rights to 2016- talkSPORT acquired worldwide commercial radio rights to FA Cup and Capital One Cup- Television and Radio Ireland revenues impacted by difficult economic conditions in Ireland- New Television Network Affiliate Agreement signed with ITV- Renewal process for Channel 3 Licence to 2024 agreed- Acquisition of Simply Zesty in March driving New Media revenue growth- Successful refinancing of bank facilities at competitive terms and pricing- Strong cash management and reduction in debt with Net Debt:EBITDA ratio of 1.91 times- Compliance with the provisions of the UK Corporate Governance Code following the appointmentof a new Chairman and three new Non-Executive Directors to the UTV Board during the year

John McCann, Group Chief Executive, UTV Media plc, said:

"This is a robust performance in what continues to be a challengingeconomic environment, especially in Ireland. We have maintained effectivecontrol over costs coupled with strong cash management and continued debtreduction while at the same time maintaining the market leading positionsenjoyed by our media assets. We have also continued to invest in thedevelopment of our businesses, in particular the establishment of talkSPORTInternational; concluded the Network Affiliate Agreement with ITV; acquiredand integrated Simply Zesty and proceeded with the renewal of the Channel 3 TVlicence.

Reflecting our strong cash generation and our confidence in thefuture, we have increased the full year dividend by 17% and remain confidentthat the Group is well placed to maximise opportunities going forward."

Key Dates

- 16 May 2013 - Annual General Meeting & Interim Management Statement- 24 May 2013 - Record date for payment of dividends- 15 July 2013 - Payment of dividends- 27 August 2013 - Interim Results Announcement- 15 November 2013 - Interim Management Statement

For further information contact:

Maitland

James Devas/Tom Buchanan +44 (0) 20 7379 5151

UTV Media plcJohn McCann, Group Chief Executive +44 (0) 28 9032 8122Norman McKeown, Group Finance Director +44 (0) 28 9032 8122Orla McKibbin, Head of Communications +44 (0) 28 9026 2188

Investor Enquiries www.utvmedia.com/investors Chairman's Statement Introduction

I am pleased to present my first Chairman's Statement following myappointment on 30 July 2012. I was delighted and honoured to be appointedChairman of your Company having admired its achievements for a number of yearsand I very much hope that my many years of media industry and plc boardexperience can bring long term benefit to the Company and its shareholders.

The Group has a portfolio of high quality media assets in radio,television and digital media and a strong track record of outperformance. Withrevenues derived primarily from advertising and a fixed cost base, thebusinesses are strong cash flow generators and enjoy high levels ofoperational gearing. Advertising expenditure however, is closely aligned tothe health of the economy and levels of consumer confidence.

Football pundits on talkSPORT often refer to a "game of twohalves", meaning a game characterised by different fortunes in the first andsecond halves. To some extent, a similar sentiment applies to the advertisingmarkets in which your Group operated in 2012.

In particular, the positive effect of the Euro 2012 footballtournament in the first six months was replaced by a lacklustre performancearound the Olympics in the second half of the year. More generally, a strongeradvertising market in the first half softened in the second six months todeliver an overall year on year performance which was slightly down but inline with market expectations.

The volatile nature of the macroeconomic conditions continue tochallenge all of us, but what remains constant, however, is the high qualityof the leading media assets which the Group holds and which enable it tomaintain a competitive advantage in the markets in which it operates.

Results *

A slight increase in Radio operating profit to £19.0m (2011: £18.9m)was more than offset by a fall in Television and New Media operating profitsto £3.9m (2011: £6.4m) and £0.9m (2011: £1.5m) respectively. Group operatingprofit, therefore, was down 11% at £23.9m (2011: £ 26.8m). After a netinterest charge of £3.0m (2011: £3.5m) and foreign exchange of £0.2m(2011: £Nil). Group profit before tax and exceptional items was 10% lower thanlast year's record £23.3m at £21.0m. Diluted adjusted earnings per share were16.92p (2011: 18.96p).

[* As appropriate, references to operating profit include associate income butexclude discontinued operations and exceptional items.]

Refinancing

In May 2012 we successfully refinanced our bank facilities for fiveyears. The competitive margins and covenant headroom obtained reflect a highlycash generative business with a strong balance sheet.

Dividend

It is testament to the resilience of your company and the cashgenerative nature of its businesses that a dividend continued to be declaredevery year during the downturn despite the most difficult macroeconomicenvironment. For a few years that dividend was constrained by our objective toreduce debt. That objective still remains in place, but with net debt now some54% lower than at 31 December 2008, and with our net debt/EBITDA ratio below 2times, your Board believes that it is appropriate to continue with itsprogressive dividend policy while maintaining a due degree of prudence duringuncertain economic conditions. Accordingly, your Board is recommending a final dividend of 5.25pper share making a total for the year of 7.00p, which represents an increaseof 17% over last year and a 75% increase from 2010. The final dividend will bepaid on 15 July 2013 to all shareholders on the Register at the close ofbusiness on 24 May 2013.

Radio *

Our Radio GB division performed well in 2012, with a 5% improvementin operating profit to £13.0m (2011: £12.4m). Within this, talkSPORT'sperformance was particularly strong, again outperforming the market in revenuegrowth and increasing its contribution to the Group by 26% before accountingfor the expected operating losses of £0.9m (2011: £Nil) in its newinternational division. This international division has extensive audio rightsagreements with the Premier League, the Football Association and the FootballLeague, enabling it to exploit those rights on all audio platforms throughoutmost of the world. talkSPORT content in English, Mandarin, Spanish and BahasaMalay, can now be heard in many different countries on both radio and otherdigital platforms, extending the talkSPORT brand beyond the UK. That brand,supported by our investment in sports rights and presenters, is of course nowa household name within the UK with over 3 million listeners in our domesticmarket tuning in every week to listen to talkSPORT's unique style of sportscommentary and analysis. Our local radio stations in GB attract 1.2 million listeners weeklyby focussing on providing local content. That local content is attractive notonly to local listeners, but also to local advertisers, a fact which theCompetition Commission noted recently in its preliminary findings on theGlobal/GMG merger. However, while local advertising in 2012 performed stronglyfor us, up by 9%, national advertising on our local radio stations didn't fareas well, decreasing by 9%. The Irish advertising market has declined much more severely thanthe GB market in the last few years. This trend continued in 2012 when theradio market is believed to have been down by 7% to 10%. However, the worsteffects of this further market deterioration were countered by the continuingstrong outperformance of our local radio stations in Ireland which recordedonly a 1% reduction in advertising revenue in local currency. Outperformancehas been, and remains, the keynote of our radio assets in Ireland which enjoymarket leading audience positions in the major cities in Ireland. Theaudiences from our stations are aggregated with those of two independent localstations to create an "Urban Access" package for advertisers which nowprovides greater daily reach than the State broadcaster's top national radiochannel. With this reach also concentrated in the urban areas, we are able toprovide a unique and attractive marketing proposition for our advertiserswhich drives our outperformance of the market. Adverse movements in thecurrency exchange rate resulted in our sterling-denominated Irish radioadvertising revenue decreasing by 7%. As a consequence Radio Ireland operatingprofit was also down by 7% to £6.0m (2011: £ 6.4m).

Television

Two important long term strategic objectives were secured duringthe year. Firstly, in March we signed a new Network Affiliate Agreement withITV plc which provides a stable commercial basis for the delivery of services,including programmes and new media, for the Channel 3 network. Secondly, inNovember, the Secretary of State for Culture, Media and Sport announced heragreement to Ofcom engaging in the process for the renewal of our televisionlicence for a further ten years from 1 January 2015 until the end of 2024.Together, these two agreements will help to underpin our ability to deliver aregional television service in Northern Ireland for the long term. In Television, we maintained our outperformance in audience with a25.9% share of the peaktime viewership compared to the ITV network averagepeaktime share of 21.3%. However, this was not translated into advertisingoutperformance due to the continuing decline in Irish television advertising.While we matched our network colleagues in our television advertising revenuefrom our London clients, we suffered a 12% reduction in our Irish televisionadvertising, recording an overall reduction of 7% for the year. As a result,Television operating profit was down to £3.9m (2011: £6.5m).

New Media

Revenue in our New Media division increased to £12.3m (2011: £11.4m)with the inclusion of Simply Zesty from 5 March 2012. However,operating profit declined to £0.9m (2011: £1.5m), with a reduction inprofitability at UTV Internet and the diversion of internal resources withinTibus to deliver a distribution platform for talkSPORT International, beingthe main contributory factors.

In late 2012 into 2013 we restructured our digital assets to bringgreater focus to the individual offerings. UTV Internet was rebranded as UTVConnect with a greater emphasis being placed on customer service rather thanjust price. Technical infrastructure formerly provided by UTV Internet is nowbeing delivered by Tibus, which will focus on hosting and network services.The creative web development solutions previously offered by Tibus have beenbrought under the Simply Zesty brand. These changes are already having apositive impact on the overall profitability of the New Media division.

Digital Platforms

We made significant progress in 2012 in attracting audiences to ourvarious digital platforms. At talksport.co.uk, unique user numbers grew by 45%to an average monthly figure of over 2.5 million, with monthly pageimpressions of more than 18 million. u.tv was re-launched with theintroduction of a new mobile site and new downloadable Apps, resulting in a38% uplift in traffic to the u.tv website. Across our portals dedicated toproperty, jobs and cars, traffic grew collectively by 55%, with PropertyPalfurther cementing its market leadership position as the most searched propertyportal brand in Northern Ireland.

Emphasis continues to be placed on growing digital revenues acrossthe UTV Media Group and strong revenue growth is envisaged for our digital andonline assets in 2013.

Prospects The significant improvement in revenue which talkSPORT has enjoyedover the last few years has been characterised by revenue spikes during themajor sporting events. The absence of any major sporting event in the firsthalf of 2013, therefore, will have a temporary negative effect when comparedto the revenue boost from the Euro football tournament in 2012. However, thiswill be tempered across the year by the inclusion of the Lions Tour ofAustralia, for which talkSPORT has exclusive rights, with a further spike inrevenue anticipated from the World Cup in 2014. First quarter 2013 revenue inour Radio GB division is expected to be down by about 6%. talkSPORTInternational development initiatives will see our multiple language livecommentary services, and ancillary programming, delivered to more overseasmarkets in the form of both radio and digital distribution deals. Advertising revenue budgets in Ireland continued to be squeezed inthe early months of 2013. This was felt most acutely in January and Februaryand was exacerbated by advertising being cancelled as a result of civildisturbances in Belfast. The position is improving in March and in the firstquarter of 2013 our Irish radio advertising is expected to be down by 6%. OurTelevision advertising revenue, helped by a more buoyant London market, isexpected to be down by 1% in that three month period. The changes which wehave implemented in our New Media division are already bearing fruit and inthe first quarter of 2013, revenue is expected to be up by 12%. While the Irish economy is still fragile, nevertheless there issome encouraging commentary around recent economic data. Whether or not thistranslates into a confidence about a sustained economic recovery remains to beseen. What we can be confident about is the quality and strength of ourbroadcasting assets in Ireland and our ability, therefore, to leveragesignificant growth in our revenue from an Irish economic recovery.

Board and People

In my Interim Statement, I highlighted my immediate priority torestore the Board to full independence. Since that Statement, we haveappointed three new, high calibre, independent Non-Executive Directors whobring both a wealth of experience, and complementary expertise, to the Board.We now have a strong, independent Board which is well equipped to lead thecompany through the next stage of its strategic development with the objectiveof maximising long-term shareholder value. Whilst we welcome our new Board members to the Company, we also saya sad farewell to our longstanding director, Roy Bailie who has served on theBoard since 1996. It had been Roy's intention to retire from the Board lastyear after completing the task of selecting the new Chairman. However, upon myappointment, Roy graciously acceded to my request to remain on the Board untilMay this year to facilitate the induction of the new members of the Boardthrough his wealth of knowledge and experience of the company. I am immenselygrateful to Roy for his sage advice and unfailing good humour and, on behalfof all the shareholders, I would like to thank him for the immensecontribution he has made to the development of the UTV Group over the years. Finally, on behalf of all shareholders, I would like to thank ourmanagement and staff throughout the Group for their hard work, passion andcommitment to the UTV cause over the past year in what has been a particularlychallenging environment. We are very fortunate to have such a wonderful teamof people working with us and I look forward to their continuing significantcontributions to the future success of the Company. Richard HuntingfordChairman19 March 2013 Group Income StatementFor the year ended 31 December 2012 Results Results before before Exceptional Exceptional Exceptional Exceptional Items Items Total Items Items Total Notes 2012 2012 2012 2011 2011 2011 £000 £000 £000 £000 £000 £000 Continuing operationsRevenue 2 120,105 - 120,105 121,551 - 121,551Operating costs (96,383) - (96,383) (94,841) - (94,841) ------- ------- ------- ------- ------- -------Operating profit from continuingoperations before tax and finance costs 23,722 - 23,722 26,710 - 26,710 Impairment of intangible assets - - - - (45,000) (45,000)Share of results of associates accountedfor using the equity method 129 - 129 136 - 136 ------- ------- ------- ------- ------- -------Profit/(loss) from continuing operationsbefore tax and finance costs 23,851 - 23,851 26,846 (45,000) (18,154) Finance revenue 98 - 98 165 - 165Finance costs (3,119) - (3,119) (3,653) - (3,653)Foreign exchange gain/(loss) 151 - 151 (15) - (15) ------- ------- ------- ------- ------- -------Profit/(loss) from continuing operationsbefore tax 2 20,981 - 20,981 23,343 (45,000) (21,657) Taxation 3 (4,407) (936) (5,343) (4,743) 1,142 (3,601) ------- ------- ------- ------- ------- -------Profit/(loss) from continuing operationsafter tax 16,574 (936)

15,638 18,600 (43,858) (25,258)

Discontinued operationsLoss from discontinued operations - - - (213) - (213) ------- ------- ------- ------- ------- -------Profit/(loss) for the year 16,574 (936)

15,638 18,387 (43,858) (25,471)

------- ------- ------ ------- ------- ------Attributable to:Equity holders of the parent 16,217 (936) 15,281 17,972 (43,858) (25,886)Non-controlling interest 357 - 357 415 - 415 ------- ------- ------- ------- ------- ------- 16,574 (936) 15,638 18,387 (43,858) (25,471) ------- ------- ------ ------- ------- ------ Earnings per share 2012 2011Continuing operationsBasic 4 16.05p (26.94)pDiluted 4 15.94p (26.94)pAdjusted 4 17.03p 19.08pDiluted adjusted 4 16.92p 18.96p Continuing and discontinued operationsBasic 4 16.05p (27.16)pDiluted 4 15.94p (27.16)pAdjusted 4 17.03p 18.86pDiluted adjusted 4 16.92p 18.74p Group Statement of Comprehensive IncomeFor the year ended 31 December 2012 Note 2012 2011 £000 £000 Profit/(loss) for the year 15,638 (25,471) ------- -------Other comprehensive incomeExchange difference on translation of foreignoperations (1,153) (2,328)

Actuarial loss on defined benefit pension schemes (4,568) (3,281)

Cash flow hedges:Loss arising during the year (188) (448)Less transfers to the income statement 551 550 Tax relating to other comprehensive income 3 854 783 ------- -------

Other comprehensive loss for the year, net of tax (4,504) (4,724)

------- -------Total comprehensive profit/(loss) for the year,net of tax 11,134 (30,195) ------- -------Attributable to:Equity holders of the parent 10,777 (30,610)Non-controlling interest 357 415 ------- ------- 11,134 (30,195) ------- ------- Group Balance SheetFor the year ended 31 December 2012 Notes 2012 2011 £000 £000

ASSETS

Non-current assetsProperty, plant and equipment 11,910 11,273Intangible assets 176,589 173,776Investments accounted for using the equitymethod 104 126Deferred tax asset 4,250 6,511 ------- ------- 192,853 191,686 ------- -------Current assetsInventories 1,643 1,533Trade and other receivables 25,163 25,857Cash and short term deposits 7 10,958 7,205 ------- ------- 37,764 34,595 ------- -------TOTAL ASSETS 230,617 226,281 ------- ------- EQUITY AND LIABILITIESEquity attributable to equity holders of theparentEquity share capital 55,557 55,557Capital redemption reserve 50 50Treasury shares (1,523) (1,523)Foreign currency reserve 6,018 7,171Cash flow hedge reserve (251) (521)Retained earnings 28,680 22,414 ------- ------- 88,531 83,148Non-controlling interest 480 469 ------- -------TOTAL EQUITY 89,011 83,617 ------- -------Non-current liabilitiesFinancial liabilities 6 58,948 53,752Derivative financial liabilities - 207Pension liability 8 12,409 8,569Provisions 800 766Deferred tax liabilities 36,154 35,932 ------- ------- 108,311 99,226 ------- -------Current liabilitiesTrade and other payables 26,033 31,948Financial liabilities 6 4,292 8,167Derivative financial liabilities 324 479Tax payable 2,275 2,409Provisions 371 435 ------- ------- 33,295 43,438 ------- -------TOTAL LIABILITIES 141,606 142,664 ------- -------TOTAL EQUITY AND LIABILITIES 230,617 226,281 ------- ------- Group Cash Flow StatementFor the year ended 31 December 2012 Note 2012 2011 £000 £000Operating activitiesProfit/(loss) before tax (i) 20,981 (21,870)Adjustments to reconcile profit/(loss)before tax to net cash flows from operating activitiesForeign exchange (gain)/loss (151) 15Net finance costs 3,021 3,488Share of results of associates (129) (136)Amortisation and impairment of intangibleassets 71 45,000Depreciation of property, plant andequipment 1,758 1,597Profit from sale of property, plant andequipment (191) (31)Share based payments 556 605Difference between pension contributionspaid and amounts recognised in the income statement (728) (1,512)(Increase)/decrease in inventories (110) 208Decrease in trade and other receivables 956 2,102Decrease in trade and other payables (6,806) (415)(Decrease)/increase in provisions (30) 37 ------- -------Cash generated from operations beforeexceptional costs 19,198 29,088 Exceptional costs - (19)Tax paid (1,237) (2,288) ------- -------Net cash inflow from operating activities 17,961 26,781 ------- -------Investing activitiesInterest received 85 165Proceeds on disposal of property, plant andequipment 272 31Purchase of property, plant and equipment (2,436) (2,155)Dividends received from associates 151 182Outflow on acquisition of subsidiaryundertaking (1,670) -Outflow on acquisition of radio licences (180) - ------- -------Net cash flows from investing activities (3,778) (1,777) ------- -------Financing activitiesBorrowing costs (2,200) (3,032)Refinancing costs (1,059) -Swap cost (551) (550)Dividends paid to equity shareholders (5,934) (4,279)Dividends paid to non-controlling interests (300) (421)Acquisition of treasury shares - (265)Repayment of borrowings (65,948) (20,474)Proceeds from borrowings 65,595 - ------- -------Net cash flows used in financing activities (10,397) (29,021) ------- -------Net increase/(decrease) in cash and cashequivalents 3,786 (4,017) Net foreign exchange differences (33) (28)Cash and cash equivalents at 1 January 7,205 11,250 ------- -------Cash and cash equivalents at 31 December 7 10,958 7,205 ------- -------

(i) The 2012 figures represent continuing operations. The 2011comparative includes both continuing and discontinued operations.

Group Statement of Changes in EquityFor the year ended 31 December 2012 Equity Capital Foreign Cashflow Share Non- share redemption Treasury currency hedge Retained

holder controlling

capital reserve shares reserve reserve earnings equity interest Total £000 £000 £000 £000 £000 £000 £000 £000 £000

At 1 January 2011 55,557 50 (1,258) 9,499 (581) 54,441 117,708 475 118,183

------ ------- ------- ------- ------- -------

------- ------- -------

Loss for the year - - - - - (25,886) (25,886) 415 (25,471)

Othercomprehensive(loss)/income inthe year - - - (2,328) 60 (2,456) (4,724) _ (4,724) ------ ------ ------- ------- ------- ------- ------- ------- -------Total netcomprehensive(loss)/income inthe year - - - (2,328) 60 (28,342)

(30,610) 415 (30,195)

Share basedpayment - - - - - 605 605 - 605Acquisition oftreasury shares - - (265) - - - (265) - (265)Equity dividendspaid - - - - - (4,290)

(4,290) (421) (4,711)

------ ------- ------- ------- ------- ------- ------- ------- -------At 31 December2011 55,557 50 (1,523) 7,171 (521) 22,414 83,148 469 83,617 ------ ------- ------- ------- ------- ------- ------- ------- ------- Profit for theyear - - - - - 15,281

15,281 357 15,638

Othercomprehensive(loss)/income inthe year - - - (1,153) 270 (3,621) (4,504) - (4,504) ------ ------- ------- ------- ------- ------- ------- ------- -------Total netcomprehensive(loss)/income inthe year - - - (1,153) 270 11,660 10,777 357 11,134 Share basedpayment - - - - - 556 556 - 556Equity dividendspaid - - - - - (5,950)

(5,950) (346) (6,296)

------ ------- ------- ------- ------- ------- ------- ------- -------At 31 December2012 55,557 50 (1,523) 6,018 (251) 28,680 88,531 480 89,011 ------ ------- ------- ------- ------- ------- ------- ------- ------- Notes to the accounts

For the year ended 31 December 2012

1. Basis of preparation

The Group's financial statements consolidate those of UTV Mediaplc, and its subsidiaries (together referred to as the "Group") and theGroup's interest in associates and jointly controlled entities.

The Group financial statements have been prepared in accordancewith International Financial Reporting Standards (IFRSs) as adopted by theEuropean Union as they apply to the financial statements of the Group for theyear ended 31 December 2012 and applied in accordance with the Companies Act2006. The accounts are principally prepared on the historical cost basisexcept where other bases are applied under the Group's accounting policies. The financial information set out in the preliminary announcementdoes not constitute statutory accounts within the meaning of Section 435 ofthe Companies Act 2006 in respect of the accounts for the year ended 31December 2012. The statutory accounts for the year ended 31 December 2011,upon which the Company's auditors have given a report which was unqualifiedand did not contain a statement under section 498(2) or (3) of the CompaniesAct 2006, have been delivered to the Registrar of Companies. The statutoryaccounts for the year ended 31 December 2012 have yet to be signed. They willbe finalised on the basis of the financial information presented by thedirectors in this preliminary announcement and will be delivered to theRegistrar of Companies in due course.

2. Revenue and segmental analysis

The Group operates in four principal areas of activity - radio inGB, radio in Ireland, commercial television and new media. These fourprincipal areas of activity also form the basis on which the Group is managedand reports are provided to the Chief Executive and the Board. Discontinuedoperations relate to an interactive television business which ceased to tradein February 2011. Revenue represents the amounts derived from the provision of goodsand services which fall within the Group's ordinary activities, stated net ofvalue added tax. Revenue from radio and television activities is generatedfrom advertising and sponsorship. Revenue from new media is generated from theprovision of internet and social media services. The amount of revenue derivedfrom the sale of goods or other activities is immaterial and therefore has notbeen separately disclosed. Transfer prices between business segments are seton an arm's length basis in a manner similar to transactions with thirdparties.

The following tables present revenue and segment result informationregarding the Group's business segments for the years ended 31 December 2012and 2011.

Revenue

Year ended 31 December 2012

Radio Radio GB Ireland Television New Media Total £000 £000 £000 £000 £000 Sales to third parties 54,407 20,943 32,484 12,271 120,105Intersegmental sales 787 1,294 2,628 298 5,007 ------- ------- ------- ------- ------- 55,194 22,237 35,112 12,569 125,112 ------- ------- ------- ------- -------

Year ended 31 December 2011

Radio Radio GB Ireland Television New Media Total £000 £000 £000 £000 £000 Sales to third parties 52,065 22,514 35,569 11,403 121,551Intersegmental sales 787 1,250 2,625 - 4,662 ------- ------- ------- ------- ------- 52,852 23,764 38,194 11,403 126,213 ------- ------- ------- ------- ------- Results Year ended 31 December 2012 Radio Radio GB Ireland Television New Media Total £000 £000 £000 £000 £000 Segment operatingprofit beforeexceptional costs 12,898 5,987 3,901 936 23,722 ------- ------- ------- ------- Associate income 129 -------Profit beforeexceptional costs, taxand finance costs 23,851 Exceptional costs - ------- 23,851 Net finance cost (3,021)Foreign exchange gain 151 -------Profit before taxation 20,981 ------- Year ended 31 December 2011 Radio Radio GB Ireland Television New Media Total £000 £000 £000 £000 £000 Segment operatingprofit beforeexceptional costs 12,291 6,438 6,453 1,528 26,710 ------- ------- ------- ------- Associate income 136 -------Profit beforeexceptional costs, taxand finance costs 26,846 Exceptional costs (45,000) ------- (18,154) Net finance cost (3,488)Foreign exchange loss (15) -------Loss before taxation (21,657) ------- 3. Taxation

(a) Tax on profit on ordinary activities

2012 2011 £000 £000 Current income tax:UK corporation tax on profits for the year (1,174) (949)Adjustments in respect of previous years 55 (92) ------- ------- (1,119) (1,041) ------- -------Foreign tax:ROI corporation tax on profits for the year (527) (594)Adjustments in respect of previous years - 18 ------- ------- (527) (576) ------- -------Total current tax (1,646) (1,617)

Deferred tax:Origination and reversal of timing differences (2,937) (3,761)Adjustments in respect of previous years

176 635 ------- -------Tax charge in the income statement on operatingactivities (4,407) (4,743) Exceptional deferred tax (charge)/credit (936) 1,142 ------- -------Total tax charge (5,343) (3,601) ------- -------

The tax charge in the Income Statement is disclosedas:Tax charge on continuing operations

(5,343) (3,601)Tax credit on discontinued operations - - ------- -------Tax charge in the income statement (5,343) (3,601) ------- -------Tax relating to items in the Statement ofComprehensive IncomeDeferred tax:Actuarial loss on pension schemes 1,051 820Revaluation of cash flow hedges (81) (29)Valuation of long term incentive plan 5 (8)Exceptional deferred tax charge (121) - ------- -------

Tax credit in the statement of comprehensive income 854 783

------- -------

(b) Exceptional (charge)/credit

2012 2011 £000 £000 Exceptional tax credit 1,499 1,142Exceptional tax charge (2,435) - ------- ------- (936) 1,142 ------- ------- During the year, the corporation tax rate in the UK was revisedfrom 25% to 23% (effective from April 2013). Accordingly all the deferred taxassets and liabilities in respect of the reporting segments subject to UKcorporation tax were restated to recognise the future gains or charges thereonat this rate. This resulted in a net credit of £1,499,000 in the year. In 2011, the corporation tax rate in the UK was revised from 27% to25% (effective from April 2012). Accordingly all the deferred tax assets andliabilities in respect of the reporting segments subject to UK corporation taxwere restated to recognise the future gains or charges thereon at this rateresulting in a net credit of £1,142,000.

In the Finance Bill published on 8 February 2012 and passed intolaw on 2 April 2012, the rate of corporate capital gains in the Republic ofIreland was increased from 25% to 30%. The exceptional tax charge of£2,435,000 (2011: £Nil) arises from the restatement of the relevant deferredtax assets and liabilities to reflect this.

4. Earnings per share

Basic earnings per share are calculated based on the profit for thefinancial year attributable to equity holders of the parent and on theweighted average number of shares in issue during the period.

Adjusted earnings per share are calculated based on the profit forthe financial year attributable to equity holders of the parent adjusted forthe exceptional items. This calculation uses the weighted average number ofshares in issue during the period.

Diluted adjusted earnings per share are calculated based on profitfor the financial year attributable to equity holders of the parent adjustedfor the exceptional items. The weighted average number of shares is adjustedto reflect the dilutive potential of the Long Term Incentive Plan.

The following reflects the income and share data used in the basic,adjusted, diluted and diluted adjusted earnings per share calculations:

Net profit attributable to equity holders

2012 2011 Continuing Discontinued Continuing Discontinued Operations Operations Total Operations Operations Total £000 £000 £000 £000 £000 £000 Net profit/(loss)attributable to equity holders 15,281 - 15,281 (25,673) (213) (25,886)Exceptional items 936 - 936 43,858 - 43,858 ------ ------ ------ ------ ------ ------Total adjusted and diluted profitattributable to equity holders 16,217 - 16,217 18,185 (213) 17,972 ------- ------- ------- ------- ------- -------

Weighted average number of shares

2012 2011 thousands thousands Shares in issue 95,903 95,903Weighted average number of treasury shares (700) (600) ------- -------

Weighted average number of shares for basic and

adjusted earnings per share (excluding treasuryshares) 95,203 95,303

Effect of dilution of the Long Term Incentive Plan 649 609

------- ------- 95,852 95,912 ------- -------Earnings per share 2012 2011From continuing operations Basic 16.05p (26.94)p ------- ------- Diluted 15.94p (26.94)p ------- ------- Adjusted 17.03p 19.08p ------- ------- Diluted adjusted 16.92p 18.96p ------- -------

From continuing and discontinued operations

Basic 16.05p (27.16)p ------- ------- Diluted 15.94p (27.16)p ------- ------- Adjusted 17.03p 18.86p ------- ------- Diluted adjusted 16.92p 18.74p ------- -------From discontinued operations Basic and diluted - (0.22)p ------- -------Adjusted and diluted adjusted - (0.22)p ------- ------- 5. Dividends 2012 2011 £000 £000Equity dividends on ordinary sharesDeclared and paid during the yearFinal for 2011: 4.50p (2010: 3.00p) 4,284 2,862Interim for 2012: 1.75p (2011: 1.50p) 1,666 1,428 ------- -------Dividends paid 5,950 4,290 ------- -------

Proposed for approval at Annual General Meeting (notrecognised as a liability at 31 December)Final dividend for 2012: 5.25p (2011: 4.50p)

4,998 4,284 ------- ------- 6. Financial liabilities 2012 2011 £000 £000CurrentCurrent instalments due on bank loans 3,852 8,167

Current instalment due on contingent consideration 440 -

------ ------ 4,292 8,167 ------ ------

Non-current

Non-current instalments due on bank loans 56,500 53,752

Non-current instalment due on contingent consideration 2,448 -

------ ------ 58,948 53,752 ------ ------ 63,240 61,919 ------ ------

The bank loans at 31 December 2012 are stated net of £939,000 (2011: £249,000)of deferred financing costs.

The contingent consideration is in respect of the acquisition ofSimply Zesty Limited. The balance at 31 December 2012 reflects the amount offuture consideration that is expected to be payable.

7. Net Debt 2012 2011 £000 £000 Bank loans (60,352) (61,919)Cash and short term deposits 10,958 7,205 ------ ------ (49,394) (54,714) ------ ------ 8. Pension schemes The IAS 19 deficit at 31 December 2012 is £12,409,000 compared witha deficit of £8,569,000 at 31 December 2011. The increase in the deficit wasprimarily driven by a decline in the discount rate assumption arising from thereduction in corporate bond yields plus an increase in life expectancy. Bothof these factors led to an increase in the scheme's liabilities which weregreater than the gain in the scheme's assets.

The Group funded a discretionary amount of £1,181,000 towards theactuarial deficit in 2012 (2011: £1,181,000) by means of a cash transfer andhas agreed to make further payments of £1,209,000 each year to 2015 inaddition to normal contributions.

9. Related party transactions

The nature of related parties disclosed in the consolidatedfinancial statements for the Group as at and for the year ended 31 December2011 has not changed. There have been no significant related partytransactions in the year ended 31 December 2012.

This summary has been approved by our Directors for release to thePress today 19 March 2013 and the full printed Annual Report and Accounts willbe posted to Shareholders and Stock Exchanges on 17 April 2013. Copies will beavailable to the public at the Company's registered office Ormeau Road,Belfast BT7 1EB from that date.