RNS Number:0451N
UBC Media Group PLC
02 July 2003



                              UBC Media Group plc

       Placing of 3,500,000 ordinary shares and Directors' Shareholdings


The Board of UBC is pleased to announce that they have today placed a total of
3,500,000 new ordinary shares at 29.5p per share to raise an additional
#1,032,500 (before expenses) of working capital for the Company, which
represents 2.26% of the enlarged issued share capital of the Company. In
addition, the Directors of UBC have on 1 July 2003, in aggregate, sold
18,110,000 ordinary shares at 29.5p per share to satisfy institutional demand
for the Company's shares.

In addition, two directors of UBC are exercising options. Matthew Honey is
exercising options to acquire 3,600,000 shares at 1p-1.33p per share. Jennifer
Donald is exercising options to acquire 500,000 shares at 6.4p per share. Both
Matthew Honey and Jennifer Donald are selling sufficient shares to cover the
exercise price and the tax liability arising on exercise of their options.
Details of the Directors' shareholdings following the exercise of options, the
Directors share sales and the placing are shown below.

Director           No. of shares            Remaining      Percentage of
                          sold        Ordinary Shares       Issued share
                                                               capital



Michael Peacock      1,800,000            9,431,000               6.10

Simon Cole           1,800,000           26,602,884              17.20

Tim Blackmore        7,500,000           20,080,857              12.98

Matt Honey           3,240,000            4,481,429               2.90

John Quinn             675,000            2,850,000               1.84

Keith Harris           800,000            3,700,000               2.39

Jenny Donald           410,000              108,800               0.07

 1. *Of the ordinary shares shown as beneficially held by I.M. Peacock, 3,411,000
    are registered under the name of J.M. Hayden and R.A. Clifford as trustees
    of the I.M. and D.J.I. Peacock Voluntary Settlement.

 2. *Of the ordinary shares shown as beneficially held by T.J. Blackmore,
    3,481,500 are registered in the name of his wife Margaret Blackmore.

 3. *Of the ordinary shares shown as beneficially held by M.A. Honey, 26,000 are
    registered in the name of his wife, Shona Paterson.


In addition, Unique Communications Limited have disposed of 1,885,000 shares of
the Company, as a result of which its shareholding in the company is reduced
to 8.95%. The beneficial owner of the shares registered in the name of Unique
Communications is N. E. Edmonds.

The 7,600,000 new ordinary shares issued pursuant to the placing and the
exercise of options are expected to be admitted to trading on AIM on 7 July
2003.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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