Dublin/London – 15th December, 2009: Independent News & Media PLC (“INM” or the “Company”) today announces that 1,791,890,667 new ordinary shares of INM , representing approximately 97.17% of the total number of new ordinary shares (“New Ordinary Shares”) offered to Qualifying Shareholders pursuant to the 59 for 50 rights issue approved by INM Shareholders on 26th November, 2009 (the “Rights Issue”) have been subscribed pursuant to valid acceptances of the Rights Issue or applications by Bondholders. The balance of 2.83% has been placed in the market and no remaining shares will be allocated to the Underwriter.