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30th May 2008

Investment in Abdi Bangsa

Independent News & Media PLC makes investment in Indonesian media sector

Ticker: (Bloomberg) INM ID/ INM LN and (Reuters) INME.I/ INME.L

Dublin/London -- 30th May 2008: Independent News & Media PLC

[‘INM’] today announces that it will purchase 20.0% of PT Abdi Bangsa TBK (ABBA.JK), a leading Indonesian media group, and publisher of 'Republika', one of Indonesia's highest circulating national daily newspapers, for an investment of circa USD$7.5 million. PT Abdi Bangsa TBK is listed on the Jakarta Stock Exchange and has diversified media interests in national newspapers, online publishing, radio, magazine and book publishing, and outdoor advertising. PT Abdi Bangsa TBK’s principal shareholder is Mahaka Media/ Erick Thohir – who will retain an interest of 52% post-issue in the enlarged capital structure of PT Abdi Bangsa TBK.

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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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