Dublin/London – 19th October, 2009: Independent News & Media PLC (“INM” or “the Company”) announces that Independent News & Media (Finance) Limited, a wholly owned subsidiary of INM, and issuer of the €200 million 5.75% Guaranteed Bonds due 2009 (“Bonds”) has today issued a notice convening a meeting (“Bondholder Meeting”) of holders of the Bonds for the purposes of considering and if thought fit approving an extraordinary resolution (“Extraordinary Resolution”) relating to a proposal to equitise the Bonds by means of a First Equity Issue and either a Rights Issue or a Second Equity Issue (each as previously referred to in Company announcements dated 28th September, 2009 and 7th October, 2009).