Dublin – 14th December, 2009: Independent News & Media PLC (‘INM’ or 'the Company') announces that it has now completed the disposal of its 100% interest in INM Outdoor (‘INMO’), its South African outdoor media company, to a pan-African private equity investor group led by Helios Investment Partners (the “Transaction”). This follows shareholder approval on November 13th in which 99.92% of voting shareholders, voted in favour of the disposal.