Major new contract signed with Discovery Communications

Press Release: 12 April 2002

London and Tel Aviv, 12th April 2002 - Pilat Media Global ("Pilat Media" or "PMG"), the London-based broadcast management software company is pleased to announce that it has signed an agreement with Discovery Communications, Inc. (DCI), the leading global real- world media and entertainment company, to implement PMG's Integrated Broadcast Management System (IBMS) to enable DCI to centralise the operations of its international channels.

The Discovery contract is the second major contract announced by PMG this year following its 26th February flotation. Discovery is also the second major client to adopt the enhanced version of PMG's broadcast management software, IBMS which, in addition to content and channel management functions, also includes PMG's new advertising sales system. Over the last 18 months, PMG has invested heavily in the development of this new system, which is now being implemented in Network Ten of Australia.

The implementation process has already commenced with Discovery Networks Europe and it will continue with Discovery's Asian region in Singapore and Latin American regions operating out of Miami, with a view to completing the implementation during next year. The system will be hosted in a single location allowing over 400 Discovery International users to access the system wherever they are located in the world. PMG can expect additional revenues following completion of the implementation process for long-term maintenance and support, which is also covered by the agreement.

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About Discovery

Discovery Communications, Inc. (DCI) is the leading global real-world media and entertainment company. DCI has grown from its core property, the Discovery Channel, first launched in the United States in 1985, to current global operations in more than 155 countries and territories with over 650 million cumulative subscribers. DCI's 33 networks of distinctive programming represent 14 entertainment brands including TLC, Animal Planet, Travel Channel, Discovery Health Channel, Discovery Kids, and a family of digital channels. DCI's other properties consist of Discovery.com and 170 Discovery Channel retail stores. About National Geographic Channels International

Notes to editors:

Pilat Media is a UK company, currently 150 strong, operating from headquarters in London and offices in the USA, Australia and Israel.

Pilat Media's IBMS (Integrated Broadcast Management System) is a new generation software system for managing the business of broadcasting. It is the world's most comprehensive solution, designed to maximize revenues and reduce costs by integrating airtime sales, content programming and media trafficking across an unlimited number of different channels or stations, regions or even countries, all under a single centralized, scalable and digital ready system. Al these have been historically serviced by several, typically dispersed systems. IBMS' functional breadth, depth and flexibility to suit all types of broadcasters are unrivalled, making it the first truly global system of its kind.

IBMS' first version was originally developed by Pilat for BSkyB, to support their fast growing multi-channel programming needs. Pilat Media was established in 1999 to further develop and market the system as a generic product. IBMS's scope was subsequently more than doubled by adding the advertising sales functionality in partnership with Network Ten of Australia. Since then Pilat Media has rapidly established itself as a rising force in the market for business management software for broadcasters. Today, Pilat Media's software solutions have been selected by 35 broadcasters in Europe, North America and Australasia, representing a wide spectrum of business models, organizational size and transmission technologies - digital and analogue, on terrestrial, cable and satellite platforms. Additional clients include CTV (Canada), Discovery (International), five (UK), TV New Zealand, Playboy (US), Sky Italia and TV4 (Sweden).