Placing

RNS Number:9694O
Campus Media PLC
26 August 2003



                                Campus Media plc

                           Placing to raise #324,000


Campus Media has today written to shareholders regarding a proposed placing of
2,699,995 new ordinary shares at 12p per share to raise approximately #324,000
(before expenses) with new and existing institutional and other shareholders.
The placing has not been underwritten and is conditional on, inter alia,
shareholder approval being obtained at an EGM to be held by the Company on 19
September 2003. For each placing share subscribed for, placees will also receive
2 warrants, which will be exercisable between the date of grant and 30 April
2004. Each warrant will entitle the holder to subscribe for an additional new
ordinary share at 12p per share.

In relation to the placing, Channelfly, which currently holds 33% of the issued
share capital of the Company, has agreed to capitalise #50,000 of a #300,000
loan (owing by a subsidiary of the Company, SBN, to Channelfly) into 416,667 new
ordinary shares at the placing price of 12p per share.

The net proceeds of the placing will be used by the Company to provide the Group
with sufficient short term working capital to fund further expansion and
development up until 31 December 2003 in accordance with the Group's strategy.
If the warrants are exercised in full, the proceeds from the exercise of the
warrants will be used by the Company to provide the Group with sufficient
working capital to continue this expansion for the foreseeable future, that is
for at least until twelve months after admission of the placing shares.

As a demonstration of their commitment to the Company, Jonathan Durden, Adam
Driscoll, Simon Lynds, Tony Harbron, Alexandra Saint-Marc and Mike Vanderkar,
who currently own 28.5 per cent. of the Company's issued share capital, intend
to subscribe for 733,333 New Ordinary Shares (#88,000) as part of the Placing.

Provided shareholder approval of the resolutions is obtained, application will
be made to the London Stock Exchange for the new ordinary shares to be admitted
to trading on AIM and admission is anticipated to be on 22 September 2003.

Commenting on the placing, Chairman Jonathan Durden said:

"The Board believes that it has in place the correct strategy, management team
and partnerships to build a successful market position for the Company, which is
now able to help leading brands and advertisers to successfully target
university students in the UK through a variety of integrated channels. This
fundraising will enable us to pursue this goal. Further confidence, demonstrated
by the Directors' personal participation in the placing, comes from the fact
that we are about to commence a new academic year with a significantly increased
order book for Get Real!. This, combined with our recent announcement that EMAP
will be selling SBN's airtime as part of its youth package, gives us great
encouragement for the prospects for the Company in the coming months"






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