Schedule 1 - TMN Group plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

TMN Group Plc (to be renamed Progressive Digital Media Group plc)

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

2nd Floor, 69-73 Theobalds Road, London, WC1X 8TA

COUNTRY OF INCORPORATION:

UK

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.tmnplc.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Progressive is a business-to-business media company providing a range of products and services across a number of industry sectors. Revenues are principally derived from business conferences and events, controlled circulation magazines and web-based reference portals.

Admission is as a result of a reverse take-over under Rule 14.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

369,547,686 Ordinary Shares of 0.01 pence each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Based on closing price on Friday 5th June 2009 of 10.5p this would imply a market cap on Re-Admission of £38.8m

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

85%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

NA

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Directors

Peter Harkness  (Non-Executive Director)

Michael Danson (Executive Chairman)

Proposed Directors

Kenneth Appiah (Finance Director)

Simon Pyper (CEO)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before admission

Michael Danson (27.96%)

Herald Investment Management (4.53%)

James Morris (4.37%)

Maziar Darvish (4.34%)

Cazenove Capital Management (3.04%)

After Admission

Michael Danson (84.87%)

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

Michael Danson

EXPECTED ADMISSION DATE:

25 June 2009

NAME AND ADDRESS OF NOMINATED ADVISER:

Investec Bank plc

2 Gresham Street,

London, 

EC2V 7QP

NAME AND ADDRESS OF BROKER:

Investec Bank plc

2 Gresham Street,

London, 

EC2V 7QP

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

This Re-Admission Document is being made available to shareholders electronically in "read only" format on the TMN Group website at http://www.tmnplc.com/tmn/investors/reports/ where it can be printed.

This document will contain full details about the applicant and the admission of its securities.

DATE OF NOTIFICATION:

11 June 2009

NEW/ UPDATE:

NEW