Trading Update

01 June 2011

FIRST ARTIST CORPORATION PLC

("First Artist" or "the Company" or "the Group")

Trading Update

First Artist Corporation plc (AIM: FAN), a transatlantic media and entertainment company is pleased to release a trading update. Yesterday the Company released its audited results for the 12-month period ended 30 November 2010.

Since taking over as the new management of First Artist Corporation in December of 2010, Jeremy Barbera and David Stoller have worked collaboratively with the staff to improve the financial performance of the group. Several new executives have recently joined the Group including Marcus Yeoman who was appointed to the Board of Directors and Sarah Hall who was appointed as Managing Director of Dewynters, working alongside Anthony Pye-Jeary. Spotco has launched a Cultural Group recruiting several new and experienced staff members who have already expanded Spotco's presence into the performing and visual arts sector.

In addition to continuing to work with its normal base of clients in theatre and film, the Group is pleased to have developed new high profile client relationships, including:

·; Aegon Tennis Masters

·; Barclays ATP World Tennis Finals

·; Birmingham Royal Ballet

·; British Military Tournament

·; British Music Experience

·; Broadway Production of Evita

·; Broadway Production of Mountain Top

·; Broadway Production of Porgy and Bess

·; Cirque du Soleil - Zarkana @ Radio City Music Hall

·; Houston Museum of Natural History

·; Hurlingham Tennis

·; Kenwood House Picnic Concerts

·; KUSC Classical Public Radio

·; Los Angeles County Museum of Art

·; Los Angeles Opera

·; Massachusetts Audubon Society

·; Museum Fine Arts Boston

·; Museum of Science Boston

·; Natural History Museum Ice Rink in London

·; New England Aquarium

·; New York Road Runners

·; Peter Pan @ Madison Square Garden

·; United States Tennis Association

For the unaudited period from 1 December 2010 to 30 April 2011, the Board believes that Group turnover has increased by nearly 12 percent, compared to the same period in the prior financial year.

Over this same 5-month period, EBITDA has improved by more than £1,000,000, compared to the same period in the prior financial year as a result of new client engagements and discontinuing certain operations of the Group.

Commenting, Chief Executive of First Artist, Jeremy Barbera, said:

"We are very pleased with the progress made by the Group in such a short period of time. We have substantially completed our goal of reshaping the business into a highly focused media and entertainment company. We have also secured a number of new key contracts, increasing turnover and profitability, and we look forward to building on this success throughout the rest of the year."

Enquiries:

First Artist Corporation Plc

Jeremy Barbera/David Stoller/ Shirley Stapleton Tel: +44 20 79930000

Seymour Pierce Limited

Stewart Dickson /Tom Sheldon (Corporate Finance) Tel: +44 20 71078000

Katie Ratner (Corporate Broking)

Bishopsgate Communications Limited

Deepali Schneider/Natalie Quinn/Duncan McCormick Tel: +44 20 75623350

[email protected]