EGM Announcement

Independent News & Media PLC announces that at the Extraordinary General Meeting held today all the proposed Resolutions were passed.

Following the passing of these Resolutions, Provisional Allotment Letters, in respect of entitlements to New Ordinary Shares pursuant to the Rights Issue, will be posted to Qualifying non-CREST Shareholders (other than certain Overseas Shareholders) today. It is expected that Nil Paid Rights credited to the stock accounts of Qualifying CREST Shareholders (other than certain Overseas Shareholders) will be enabled with effect from 8.00 a.m. on 23 April 2003.

Application has been made to the Irish Stock Exchange and the UK Listing Authority for 153,502,883 Ordinary Shares of .0.30 each to be admitted to the Official List of the Irish Stock Exchange and the Official List of the UK Listing Authority and application has been made to the Irish Stock Exchange and the London Stock Exchange for these shares to be admitted to trading on their respective main markets for listed securities.

These shares are being issued pursuant to the 4 for 15 Rights Issue of 153,502,883 Ordinary Shares at .0.70 per share.

Admission is expected to become effective and dealings are expected to commence on a nil paid basis at 8.00 a.m. on 23 April 2003. From 16 May 2003 dealings in the New Ordinary Shares will be on a fully paid basis.

Due to an allotment of 79,992 Ordinary Shares prior to the Record Date, the number of New Ordinary Shares to be issued pursuant to the Rights Issue is higher than stated in the listing particulars posted to shareholders on 27 March 2003. The number of New Ordinary Shares is, as stated above, 153,502,883.

The latest time and date for acceptance and payment in full in respect of New Ordinary Shares to be issued pursuant to the Rights Issue is 9.30 am on 15 May 2003.