Statement Re Member of Controlling Shareholder Group Not to Proceed with Tender Offer

 
TIDMDMG

MEMBER OF CONTROLLING SHAREHOLDER GROUP NOT TO PROCEED WITH TENDER OFFER

Dori Media Group Ltd. ("Dori Media", "DMG", the "Company" or the "Group"), the international media company active in the field of television, with a focus on production, distribution, broadcasting and merchandising of Telenovela and Drama, announces that, further to a letter received on 13 April 2011 from a member of the Company's controlling shareholders' group ("the Shareholder"), the Company yesterday received confirmation from the Shareholder that it has decided not to move forward with the contemplated tender offer.

At the Company's Extraordinary General Meeting held on 12 May 2011, shareholders of the Company approved the cancellation of the admission of its Ordinary Shares to trading on AIM (the "Delisting") which is scheduled to take place at 7.00 a.m. on Friday, 20 May 2011. Following Delisting, the Ordinary Shares will not be listed on any publicly quoted market, although the Ordinary Shares will continue to be registered with CREST and shareholders will be able to settle off-market transactions through the CREST system until further advised. However, in order to provide a measure of liquidity in the Ordinary Shares following the Cancellation, the Company intends to set up and maintain a matched bargain settlement facility, although there is no guarantee of the form that the facility will take, or that the Company will be able to set one up in the short term. Under this facility (assuming that one is established), persons wishing to buy or sell Ordinary Shares will be able to leave an indication with the facility provider that they are prepared to buy and sell Ordinary Shares at an agreed price. If the facility provider is able to match that order with an opposite sell or buy instruction, it will contact both parties and effect the order. The contact details of the matched bargain settlement facility provider, if and once arranged, will be made available on the Company's website.

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For further information on Dori Media Group, please visit our website on www.dorimedia.com or contact:

 
Dori Media Group Ltd.          Shared Value Limited 
Nadav Palti, CEO & President   Mark Walter 
Tel: +972 3 7684000            Investor & Media relations 
info@dorimedia.com             Tel. +44 (0) 20 7321 5010 
                               dmg@sharedvalue.net 
Daniel Stewart & Company 
Paul Shackleton/Oliver Rigby 
Tel. +44 (0) 20 7776 6550

Dori Media Group is an international group of media companies, located in Israel, Switzerland, Argentina and the US. The group produces and distributes TV and New Media content, broadcasts various TV channels and operates video-content internet sites. The group owns approximately 5,250 TV hours, more than 5,000 clips of 3 minutes on average, 120 - 9 minute webisodes and around 556 1-5 minute cellular episodes of Telenovelas and daily series that it sells to a wide variety of audiences in more than 80 countries. It owns and operates two telenovela channels, Viva and Viva Platinum broadcasted on all Israeli multi-channel platforms and via the co-branded internet site offering telenovelas to Israeli surfers through Walla.com. Dori Media Paran and Dori Media Darset produce top-end series as well as daily dramas for the Israeli and international markets. Dori New Media develops and produces formats specially tailored for the internet and cellular platforms, and realizes new opportunities enabled by the new technologies. Dori Media Spike packages, produces and operates the main movie channels on the Israeli cable TV platform and general entertainment channels on all Israeli TV multi-channel platforms. In Indonesia and Malaysia, the company operates the Televiva Vision 2 channel that is devoted to telenovelas and Baby TV Vision 3 for toddlers, in addition to the Ginx gamers' channel. Ginx is localized and broadcasted to Turkey as well. Novebox operates an ad-based VOD and SVOD commercial internet site targeted at the Hispanic and Latin American audience offering a variety of shows and movies. The group is traded on the London Stock Exchange where its symbol is DMG. For more information on Dori Media, visit our corporate website at http://www.dorimedia.com/.

Dori Media (LSE:DMG)
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