Proposed Dealings

RNS Number:1990S
Cosmedia Group Holdings Limited
02 March 2007

                          COSMEDIA GROUP HOLDINGS LIMITED

                               
                               PROPOSED DEALINGS



Cosmedia Group Holdings Limited (the "Company") today announces proposals aimed
at increasing the numbers of its shares in public hands.



At the time of the Company's admission to trading on AIM, the Company, Stanley
Kit Pong, Executive Chairman and a director of the Company, and the Company's
nominated adviser and broker, Collins Stewart Europe Limited ("Collins Stewart"), 
entered into arrangements at the request of AIM Regulation, including (i)
Collins Stewart being granted an option over 1% of the Company's issued share
capital, which it agreed to exercise to meet market demand and (ii) certain
shareholders agreeing to make available ordinary shares of US$0.10 each
("Ordinary Shares") in the capital of the Company, also to meet market demand.



The Directors of the Company are in discussions with a view to the following
transactions being undertaken:



(a)               the exercise of options by Collins Stewart to subscribe for
456,708 Ordinary Shares at a subscription price of US$2.85 per Ordinary Share
(the issue price at Admission) and subsequent sale of those shares into the
market; and



(b)               the exercise by Mr. Pong of options to subscribe for 391,280
Ordinary Shares at a subscription price of US$2.85 per Ordinary Share (the issue
price on Admission) and subsequent sale of those shares into the market.



Following the successful conclusion of the above transactions, the percentage of
the Company's issued Ordinary Shares in public hands is expected to increase
from 7.7% to approximately 9.4%.



For further information please contact:


Cosmedia Group Holdings Limited                                   [phone]
Stanley Pong


Collins Stewart Europe Limited                               [phone]
Adrian Hadden


Catullus Consulting                                          [phone]
Alex Mackey





ENDS


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