Cellcast News

First Day of Dealings

21st September 2005

Cellcast plc today announces the commencement of dealings of its Ordinary Shares on the AIM market (AIM) of the London Stock Exchange. Daniel Stewart is acting as Nominated Adviser and as Broker to Cellcast. The stock market EPIC will be CLTV.L

Placing Statistics

The Placing attracted high levels of interest resulting in it being oversubscribed, and in addition to raising £5 million for the Group, an existing shareholder (Atlas Group of Companies Limited) has sold £1.87 million of shares in the Placing.

Reasons for the placing and Admission and use of proceeds

The net proceeds of the Placing received by the Group will be used to strengthen the balance sheet and to finance its future growth. It will raise the Group’s profile which is important, given its expansion plans, and will allow the Group to attract and motivate key staff through the issue of share options. It will also enable Cellcast to issue publicly traded shares as consideration for future acquisitions.

Andrew Wilson, Chief Executive of Cellcast plc, said: “ We are delighted that the AIM flotation of the Group has been completed successfully and it is gratifying to witness such high levels of institutional demand. This listing makes both strategic and commercial sense as we take Cellcast to the next stage of its development and we now look forward to working with our new institutional shareholders .”

Cellcast announces the appointment of Julian Paul as non-executive Chairman. Julian Paul qualified as a Chartered Accountant with Arthur Andersen in 1971, and subsequently spent nearly twenty years as a commercial and merchant banker. Since 1991 he has held several senior board positions with companies in the media and entertainment sector. He was Deputy Chairman of Castle Communications plc between 1991 and 1997 and Chairman of Tele-Cine Cell Group plc between 1994 and 1998. He is currently Deputy Chairman of Eagle Rock Entertainment Limited, of which he was a founder shareholder. He is also a non-executive director of Entertainment Rights plc, Pilat Media Global plc and Stagecoach Theatre Arts plc.

Commenting on the appointment of Julian Paul as non-executive Chairman, Andrew Wilson, said: “ The Board is particularly pleased to welcome Julian to Cellcast as our Chairman. Julian brings with him a wealth of relevant knowledge as well as valuable experience of public company life. Our aim is to maintain our market leadership in the provision of global interactive digital broadcasting, and Julian will play a key role in our forward strategy. ”

Cellcast also announces the appointment of Michael Neville as non-executive director. Michael Neville has extensive experience in capital markets and has experience at board level in several public companies.

Cellcast will be reporting its maiden set of Interim Results on Wednesday 28 September 2005.

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