Nov,10 2009 

iPoint-media plc
("iPoint-media")

Further re: Subscription Offer

Application for admission to trading on AIM and extension of closing date of Subscription Offer

On 23 October 2009 iPoint announced that at 12 noon on 23 October 2009 the Company had received aggregate subscriptions under the Open Offer and the Subscription Offer amounting to £1,070,002.20. Defined terms used in the announcement on 26 August 2009 shall have the same meanings in this announcement.

The Open Offer and the Subscription Offer became unconditional on 26 October 2009.

iPoint now announces that as at 12 noon on 13 November 2009, since 12 noon on 23 October 2009, it has received additional valid applications in respect of 3.25 Units under the Subscription Offer, amounting to £20,410 in total, comprising £16,640 of Loan Notes, 83,200 Placing Shares and 176,800 Bonus Shares. It is a term of the Subscription Offer that the Bonus Shares will not be capable of being sold, transferred or pledged to any third party for a period of one year from issue in respect of all the Bonus Shares subscribed under the Subscription Offer and for a period of a further year in respect of 50 per cent. of the Bonus Shares subscribed under the Subscription Offer.

iPoint also announces that the closing date for the Subscription Offer has been extended to remain open until it is subscribed in full or 15 February 2010, whichever occurs earlier. A further announcement in respect of any further valid applications under the Subscription Offer will be made in due course.

Application has been made for 260,000 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 20 November 2009.

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