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4th Jun 2008

Corporate Governance Assessment Report - Press Release

Global Expert Finds Well Functioning Corporate Governance at INM

Dublin/London 4, June 2008: The Board of Independent News & Media PLC [‘INM’ or the ‘Group’] (ticker: INWS.I; INWS.L) today announced the findings of an independent assessment of INM’s corporate governance by global authority, Professor Jay W. Lorsch of the Harvard Business School, who found the Board to be “functioning effectively” and the management to be delivering “record revenues”.

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"INM has a very clear, compelling and coherent strategy for growth, with a very resolute and sturdy version of our newspaper brands' place within the fast-changing media matrix."

Gavin O'Reilly, Chief Operating Officer