Investor Relations
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22nd Jun 2009

Update on Ongoing Refinancing Discussions

Independent News & Media PLC (“INM” and/ or the “Company”), based on media queries received and in line with its disclosure obligations, confirms that discussions with its syndicate of banks (“Banks”), with the ad-hoc committee of holders of the €200 million 5.75% guaranteed bonds due 2009 ("Bonds"), and certain of INM's principal shareholders are continuing.

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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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