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25th Mar 2010

INM Statement on London Independent Disposal

DISPOSAL BY INM OF THE INDEPENDENT AND THE INDEPENDENT ON SUNDAY IN THE UK TO MR. ALEXANDER LEBEDEV

Dublin/London 25 March 2010: Independent News & Media PLC (“INM” or the “Group”) is pleased to announce the disposal of The Independent and The Independent on Sunday to Independent Print Limited (“IPL”), a company controlled by the family of Mr. Alexander Lebedev. IPL will acquire all rights to The Independent, The Independent on Sunday and the related website, http://www.independent.co.uk (the “Titles”).

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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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