Statement re. Suspension

RNS Number:7795A
Medal Entertainment & Media PLC
24 July 2007

24 July 2007

                        Medal Entertainment & Media plc
                            ("MEM" or "the Company")

                            Statement re Suspension

Further to the trading update announced by the Company on 16 July 2007, which
included a statement of the Company's financial position, the Board of Directors
of MEM has met with its bankers and advisers to explore funding and strategic
alternatives to cover the shortfall arising from the legacy debt and integration
costs incurred as a result of the UGD/Britannia Music acquisition in October
2006.  Following these discussions, the Board is of the view that sufficient
further debt or equity funding or other strategic alternatives will not be
forthcoming.  The Company's shares have been suspended from trading on AIM and
the Directors have requested that the Bank appoints Administrators under the
terms of its security and await their appointment.

                                     -Ends-

Enquiries:

Andrew Dickson                                           020 8423 7240
Chief Operating Officer, MEM

Richard Swindells                                        020 7710 7400
Nabarro Wells & Co. Limited


                      This information is provided by RNS
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