Investor Relations
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7th Dec 2009

INM Completes Disposal of 49% Interest in Verivox

Dublin – 7th December, 2009: Independent News & Media PLC (‘INM’ or 'the Company') announces that it has agreed and completed the disposal of its 49% interest in Verivox Holdings Limited (“Verivox”), a German online price comparator for energy and telecom services, to VVX Investments Ltd, a wholly owned subsidiary of Oakley Capital Private Equity LP (the “Transaction”).

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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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