Update on offer for Centaur Media plc

22 October 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Geoffrey Wilmot

Update on offer for Centaur Media plc ("Centaur")

On 24 September 2013 Mr. Wilmot announced that he was considering an offer for Centaur and to that end had held preliminary discussions with certain prospective finance providers.

Since then, Mr. Wilmot has engaged with an extended number of finance providers and these discussions have progressed significantly. However, it has become apparent that the Board of Centaur's views on the value of the Company materially diverge from those of Mr Wilmot and his potential financing partners.

Accordingly Mr. Wilmot confirms that he currently does not intend to make an offer for Centaur.

This announcement is being issued in accordance with Rule 2.8 of the City Code on Takeovers and Mergers (the "Code"). Mr. Wilmot and any person acting in concert with him are subject to the restrictions imposed by Rule 2.8 of the Code. Mr. Wilmot reserves the right to announce an offer or possible offer or make or participate in an offer or possible offer for Centaur (and take any other action which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement in the circumstances set out in Note 2 to Rule 2.8 or with the consent of the Takeover Panel.

Enquiries:

Corbett Keeling

Jim Keeling (020 7626 6266)

Francois Barou (0755 773 3354)

Corbett Keeling is authorised and regulated by the Financial Conduct Authority in the United Kingdom and is acting solely for Geoffrey Wilmot in connection with the Offer and no one else and will not be responsible to anyone other than Geoffrey Wilmot for providing the protections afforded to clients of Corbett Keeling nor for providing advice in relation to the offer or any other transaction or arrangement referred to in this announcement.