Pilat Media: Results of 2004 EGM

Information Release: 28 April 2004

Successful Placing of 6,363,636 new ordinary shares of 5 pence each ('Placing Shares') at 55 pence per share (the 'Placing') and 3,100,000 existing ordinary shares of 5 pence each at 55 pence per share (the 'Vendor Placing').

Pilat Media announces that at the Extraordinary General Meeting of the Company held earlier today ('EGM'), all the resolutions proposed were duly passed. As a result the Placing and the Vendor Placing announced on 6 April 2004 are now fully unconditional.

Application has been made for the Placing Shares to be admitted to trading on the Alternative Investment Market of the London Stock Exchange ('AIM'). It is expected that dealings in the Placing Shares will commence on AIM on 30 April 2004.

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