Investor Relations
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1st Dec 2004

INM announces extension to tender offer for the early redemption of STG£75M Bond

Independent News & Media PLC (Ticker: INWS.I; INWS.L) today announced an extension to the Tender Offer, by its wholly owned subsidiary Independent Newspapers Finance PLC, for the early edemption of the Stg£75.0 million 9.25% Guaranteed Bonds due 2005.

In accordance with the terms of the Tender Offer, the Tender Period has been extended and accordingly the Expiration Time shall be 3pm (London Time) on 7 December 2004. All other terms of the Tender Offer as set out in the Tender Offer Memorandum dated 18 November 2004, remain the same.

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“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”

Baroness Margaret Jay, Non-Executive Director
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